Marvell (MRVL) Tells Shareholders to Reject Mini-Tender from TRC Capital

Marvell (Nasdaq: MRVL), a global leader in integrated silicon solutions, has received notification of an unsolicited mini-tender offer by TRC Capital Corporation ("TRC") to purchase up to 6 million shares of Marvell Technology Group common stock, or approximately 1 percent of the company's outstanding common stock, at a price of $15 per share. The offer price was 4.94 percent below the closing price on March 22, 2012, the approximate date of commencement of the offer.

Marvell Technology Group does not endorse TRC's mini-tender offer and recommends that shareholders do not tender their shares. Marvell is not associated with TRC, or this unsolicited offer.

TRC has made similar, unsolicited mini-tender offers for shares of other publicly-traded companies. Mini-tender offers are designed to seek to acquire less than five percent of a company's outstanding shares, thereby avoiding many disclosure and procedural requirements of the Securities and Exchange Commission ("SEC"). As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under United States securities laws.

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