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ZarlinkSemiconductor (55PT)

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Friday 07 December, 2001


Option Plan Changes Approved

Zarlink Semiconductor Incorporated
7 December 2001

       Zarlink Shareholders overwhelmingly approve option plan changes

Ottawa, Canada - Zarlink Semiconductor (NYSE/TSE:ZL) shareholders today
overwhelmingly approved two amendments that significantly change the company's
stock option plan for key employees and non-employee directors. These
amendments boost the plan's flexibility and make it more responsive to the
competitive requirements of the semiconductor industry.

For the first amendment, shareholders voted by a wide majority to increase the
option pool outstanding and available for grant to 12 percent of Zarlink's
common share float. Shareholders also approved a second amendment that brings
certain 10-year old plan provisions inline with current industry practice as
well as granting shareholders the right to approve any future option exchange

About Zarlink Semiconductor

Zarlink employs its formidable analogue, digital and mixed-signal capabilities
to offer the most compelling products for wired, wireless and optical
connectivity markets and ultra low-power medical applications. For more
information, visit .

Certain statements in this press release constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance, or achievements expressed or implied by such
forward-looking statements. Such risks, uncertainties and assumptions include,
among others, the risks discussed in documents filed by the Company with the
Securities and Exchange Commission. Investors are encouraged to consider the
risks detailed in those filings.

Zarlink and the Zarlink Semiconductor logo are trademarks of Zarlink
Semiconductor Inc.

For further information: Jacques Guerette, Corporate Communications, +1-613
270-7110, ; Mike McGinn, Investor Relations,
+1-613 270-7210,