Tokyo Electron Limited (TEL) announced today that on May 11, 2007, the company’s Board of Directors passed a resolution to pay dividends (year-end dividends) from surplus earnings to shareholders of record as of March 31, 2007

1.Content of Dividend Payments

	Amount	Most recent dividends forecast	Dividends paid in previous fiscal year
Date of shareholder registration	March 31, 2007	March 31, 2007	March 31, 2006
Dividends per share	61 yen	50 yen	30 yen
Total dividends paid	10,906 million yen	-	5,348 million yen
Date dividends start to be paid	June 1, 2007	-	June 23, 2006
Source of funds to pay dividends	Surplus earnings	-	Surplus earnings

2.Reason for the upward adjustment
TEL has a basic dividend policy of linking the payment of dividends to business performance and revenue on a continuous basis. It returns benefits to shareholders by aiming for a 20% payout ratio based on consolidated net income for the current period. Since consolidated net income in the consolidated financial results announced today for the fiscal year ended March 31, 2007, showed an increase compared to the expected figures announced on November 14, 2006, the dividends to be paid at the end of the period were adjusted upward. The dividends payout ratio for the consolidated financial results as of March 31, 2007, was 20.1%.

(Reference) Breakdown of Dividends Paid for Year

Shareholder registration date	End of interim period	End of fiscal year	Total annual dividends
Dividends paid in current fiscal year	42 yen	61 yen	103 yen
Dividends paid in previous fiscal year (ended March 2006)	25 yen	30 yen	55 yen