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National Semiconductor Increases Quarterly Cash Dividend

Sep 30, 2005

September 30, 2005 - National Semiconductor Corporation (NYSE:NSM) announced today that the Board of Directors has declared a cash dividend of  $0.03 per outstanding share of common stock, which is an increase from the prior quarterly cash dividend of $0.02 per share.  This new dividend will be paid January 9, 2006 to shareholders of record at the close of business on December 19, 2005.

“Our focus on high-value analog has continued to improve our gross margins and positive cash flow,” said Brian L. Halla, National’s chairman and CEO.  “We are pleased to return some of the cash to shareholders through this enhanced dividend as well as through our stock repurchase program.”  Over the past two years, National has repurchased approximately $1.2 billion in common stock.

National Semiconductor had 343.7 million shares of common stock outstanding as of the end of its first quarter of fiscal 2006, which ended August 28, 2005.

About National Semiconductor
National Semiconductor, the industry's premier analog company, creates high-value analog devices and subsystems.  National's leading-edge products include power management circuits, display drivers, audio and operational amplifiers, communication interface products and data conversion solutions. National's key analog markets include wireless handsets, displays and a variety of broad electronics markets, including medical, automotive, industrial, and test and measurement applications. Headquartered in Santa Clara, California, National reported sales of $1.91 billion for fiscal 2005, which ended May 29, 2005.  Additional company and product information is available at www.national.com.