07 Dialog Semiconductor shares in 2012 Dialog continues to expand  its investor base, gaining the  confidence of the market, both  in Europe and the US, and  attracting new long-term oriented  institutional Shareholders. Share price development In 2012, Dialog’s share price opened at €12.58  and reached a high of €18.74 on 26 March.  During the second half of 2012 the continuing  macro concerns about fiscal consolidation and  low growth in Europe and the US brought  additional instability to the financial markets.  The share price trended down, tracking some  of our most immediate peers and closing the  year at €13.30 on 31 December. The following graphs chart the cumulative  Shareholder return of the Company for the past  12 months and for the past five years, compared  with selected technical benchmark indices –  Germany’s TecDAX index – which Dialog itself  entered in September 2009 and the Philadelphia  SE Semiconductor index (“SOX”). As can be seen from the graph below, which  shows the percentage movement in share price  during the year, in 2012 Dialog’s share price  performance followed a similar trend to that of  TecDAX and SOX for most of the year. The stock  underperformed the TecDAX and its peer group  during the last two months of the year, seeing  some recovery in the first few days of the New  Year 2013. In the last three years, 2010–2012,  Dialog has continued to show remarkable  growth, outperforming TecDAX and SOX by  approximately 700%. During these years the  share price grew by around 75%. Note: Peer group Index constituents: Wolfson Microelectronics Plc,  Texas Instruments Inc., STMicroelectronics NV, Skyworks Solutions Inc.,  Nordic Semiconductor ASA, Microsemi Corp., Micrel Inc., Melexis NV,  MaxLinear, Inc., Maxim Integrated Products Inc., Linear Technology  Corp., Intersil Corporation, Infineon Technologies, CSR plc, Cirrus  Logic Inc., Broadcom Corp., austriamicrosystems AG, Aixtron SE. 2012 12-month Dialog Semiconductor share price performance  (%) Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 Dec 12 Dialog Semicon. (XTRA: DLG) German TecDAX (Price Return) – Index Philadelphia SE Semiconductor Sector Index 50.00 40.00 30.00 20.00 10.00 0.00 -10.00