DuPont Photomasks, Inc.
Ticker: DPMI 100 Texas Avenue
Exchange: NASDAQ-National Market Round Rock, Texas 78664
Industry: Manufacturing (512) 244-0024

Type of Shares:Common Shares Filing Date:4/12/96
U.S. Shares:4,000,000 Offer Date:6/13/96
Non-U.S. Shares:0 Filing Range:$14.00 - $16.00
Primary Shares:4,000,000 Offer Price:$17.00
Secondary Shares:0 Gross Spread:$1.19
Offering Amount: $60,000,000 Selling:$0.71
Expenses:$660,000 Reallowance:$0.10
Shares Out After:14,500,000
Spin out parent firm: DuPont Corporation

ManagerTierPhone
Morgan Stanley & Co. IncorporatedLead Manager (212) 703-4797
Cowen & CompanyCo-manager (212) 495-6000
Needham & CompanyCo-manager (212) 371-8300

Auditor: Price Waterhouse
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
6/30/95 3/31/96 3/31/95 3/31/96
Revenue:$161.51$152.19$116.67Assets:$190.35
Net Income:$4.12$18.40$1.71Liabilities:$226.82
EPS:$0.70$0.12Equity:-$36.47

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
Based on worldwide sales, the company is the largest U.S. photomask manufacturer and one of the two largest photomask manufacturers in the world. Photomasks are high-purity quartz or glass plates containing precision images of integrated circuits and are used as masters by semiconductor manufacturers to optically transfer these images onto semiconductor wafers. The company develops and uses advanced technology to manufacture a broad range of photomasks based on customer-supplied design data, including photomasks that meet the tightest design specifications required by semiconductor manufacturers today. Since 1991, DPI has operated globally with established manufacturing facilities in North America, Europe and Asia. The company is the only photomask manufacturer in the world that also manufactures and markets both photoblanks and pellicles, the principal components of photomasks, facilitating the company's ability to ensure an adequate supply of quality components.

Use of Proceeds
The proceeds from the offering will be used for general corporate purposes, including working capital and capital expenditures.

Last updated: 10/28/96

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