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First Data Executive Pamela Patsley Joins TI Board of Directors

Jul 15, 2004

DALLAS (July 15, 2004) -- Texas Instruments (TI) (NYSE: TXN) today announced that Pamela H. Patsley, senior executive vice president of First Data Corporation and president of its subsidiary, First Data International, has been elected to TI's Board of Directors.

Ms. Patsley, 47, has had a distinguished career of nearly 20 years experience in financial services. At First Data Corporation, a Fortune 500 company and global leader in electronic commerce and payment services, she has executive management responsibility for the company's card issuing and merchant services businesses outside the United States, and is charged with expanding their presence into key global markets. Previously, she served as president of First Data Merchant Services, the subsidiary responsible for processing merchant bankcard transactions. From 1991 to February 2000, Ms. Patsley was president and chief executive officer of Paymentech, Inc. She guided the company and its predecessors for 15 years of double-digit growth until the company, which had become one of the largest payment processors of bankcard transactions for merchants and a leading issuer of commercial cards in the United States, was purchased by First Data in 1999.

"Pam has a unique combination of leadership, management and entrepreneurial skills," said TI Chairman Tom Engibous. "Her proven ability to successfully and consistently grow a business, her broad experience in global markets and her strong financial background will be valuable assets to Texas Instruments."

Earlier in her career, Ms. Patsley was a founding officer of MNET Corp., which was established in 1985. She served as chief financial officer of the parent company, First USA, Inc., from 1987 to April 1994. Prior to that, she was with KPMG-Peat Marwick for almost six years.

Ms. Patsley earned a bachelor's of science business administration degree in accounting from the University of Missouri in 1979.