NATIONAL SEMICONDUCTOR ANNOUNCES PRIVATE CONVERTIBLE DEBT FINANCING

Santa Clara, CA, September 18, 1995 -- National Semiconductor Corporation (NYSE:NSM) today announced the commencement of a private placement offering, to certain qualified investors and overseas persons, of up to $225 million in convertible subordinated notes due in the year 2002 (plus up to an additional $33.75 million of notes to cover over-allotments, if any). The notes will be convertible into shares of National Semiconductor common stock. The transaction is expected to close before the end of September 1995.

The proceeds will be used to expand manufacturing capacity and for general corporate purposes.

The notes have not been and will not be registered under the Securities Act of 1933 and may not be offered or sold within the United States absent registration or an available exemption from such registration requirements.

This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CORP95008FIN

					For more information:
					Financial: Jim Foltz
					(408) 721-5693
					EMAIL: invest@tevm2.nsc.com