ANADIGICS Announces GaAs Labs Matches $0.54/Share Offer of Competing Bidder

ANADIGICS, Inc.

today announced that affiliates of GaAs Labs, LLC  ("GaAs Labs") delivered to the Company a proposed further  amendment to the previously announced November 11, 2015 agreement and plan of merger pursuant to which GaAs Labs offered to acquire all of the outstanding shares of ANADIGICS common stock on a fully diluted basis for $0.35  net in cash, pursuant to an all-cash tender offer and second-step merger (the "GaAs Labs Merger Agreement"), which amendment, among other things, increases the per-share offer price to $0.54 (the "Proposed Second Amended GaAs Labs Merger Agreement").  The $0.54 per-share offer price set forth in the Proposed Second Amended GaAs Labs Merger Agreement matches the per-share price offered by a competing bidder whose acquisition proposal the Company announced on December 23, 2015 had been designated by its Board of Directors as a "Superior Offer," as that term is defined in the GaAs Labs Merger Agreement.  The Company's Board of Directors  continues to evaluate all acquisition proposals.  This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities. The