Article: ASML Refines Guidance for Second Half 2002 Results and Discloses Further Measures to Cut Costs.

Business Editors

VELDHOVEN, The Netherlands--(BUSINESS WIRE)--Dec. 18, 2002

ASML Holding NV (ASML) today reiterated its previously disclosed expectation that it will ship approximately 100 lithography systems during second half 2002. Despite market share gains in 2002, ASML has continued to suffer from the extended semiconductor industry downturn. Consequently, the company plans to implement further measures to contain costs, which will result in its recording provisions and other charges totaling approximately EUR 125 million in second half 2002. After giving effect to these measures, ASML is targeting to be cash flow neutral in second half 2002.

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