Verigy Spin-Off Information

Spin-off of Verigy Ltd. Through the Distribution by Agilent Technologies, Inc. of 50 million Ordinary Shares of Verigy to Agilent Stockholders

1.What will happen in the distribution?
2.What will Agilent stockholders receive in the distribution?
3.What happens if an Agilent stockholder sells his or her Agilent common stock before the distribution date?
4.What do Agilent stockholders have to do to receive the shares of Verigy in the distribution?
5.When will Agilent stockholders receive their shares of Verigy?
6.What about stockholders who hold Agilent common stock through a bank, broker or other nominee?
7.How will Verigy ordinary shares trade?
8.How does the distribution affect the number of shares of Agilent common stock that a stockholder currently owns?
9.How will the distribution affect the market price of Agilent common stock?
10.What are the income tax consequences of the distribution to Agilent stockholders?
11.How do I get more information on the distribution?
1.What will happen in the distribution?
 Agilent will distribute to the holders of Agilent common stock Agilent's interest in Verigy consisting of 50 million ordinary shares of Verigy. After the distribution, Agilent will no longer own any shares of Verigy and Verigy will be a standalone public company.

2.What will Agilent stockholders receive in the distribution?
 Each Agilent stockholder will be entitled to receive approximately 0.12 of a Verigy ordinary share for each share of Agilent common stock owned at 5 p.m. Eastern time on Oct. 16, 2006 (the record date for the distribution). The exact distribution ratio will be set on the record date. The distribution will be made on Oct. 31, 2006 (the distribution date).

The distribution ratio will be calculated by dividing the number of Verigy shares being distributed by Agilent (50 million) by the number the Agilent shares of common stock outstanding on the record date. Agilent currently has approximately 409 million shares of common stock outstanding.

Agilent stockholders will only receive whole shares of Verigy and will not receive any fractional shares in connection with the distribution. Agilent stockholders who are entitled to a fractional share of Verigy will receive cash in lieu of the fractional share. Agilent's transfer agent will aggregate all of the fractional shares of each stockholder and sell them, through a broker-dealer that is unaffiliated with either Agilent or Verigy, in the open market at the then-prevailing prices. Agilent stockholders will then receive a check in the amount of the pro rata share of the total net proceeds of that sale to which they are entitled.

3.What happens if an Agilent stockholder sells his or her Agilent common stock before the distribution date?
 Agilent anticipates that anyone who sells their Agilent common stock after the record date but before the distribution date will be able to sell their Agilent shares with or without the right to receive the Verigy shares.

Stockholders who sell their Agilent shares in the "regular-way" market (i.e., the normal trading market on the New York Stock Exchange under the symbol "A") after the record date and on or before the distribution date will be selling their right to receive shares of Verigy in connection with the distribution, and, therefore, will not receive shares of Verigy in connection with the distribution.

Stockholders who sell their Agilent shares in the "when-issued" market (i.e., trading in Agilent's shares without the right to receive Verigy ordinary shares under the symbol "A wd") will retain their right to receive shares of Verigy in connection with the distribution.
Agilent stockholders are encouraged to consult with their financial advisors regarding the specific implications of selling Agilent common stock before the distribution date.

4.What do Agilent stockholders have to do to receive the shares of Verigy in the distribution?
 Nothing. This is an automatic process. On the distribution date, Computershare, the transfer and disbursing agent, will cause the ordinary shares of Verigy to which each Agilent stockholder is entitled to be registered in the names of those stockholders or in the "street name" of their bank or brokerage firms.

5.When will Agilent stockholders receive their shares of Verigy?
 Verigy ordinary shares will be issued as uncertificated shares registered in book-entry form through the direct registration system. No certificates representing shares of Verigy will be mailed to Agilent stockholders. Under the direct registration system, instead of receiving share certificates, each stockholder will receive a distribution statement reflecting his or her ownership interest in Verigy ordinary shares. Stockholders who want to receive a physical certificate for their shares of Verigy may do so by contacting the Verigy transfer agent and registrar. The Verigy transfer agent and registrar will begin mailing distribution statements reflecting post-distribution ownership of Verigy ordinary shares promptly after the distribution. The first account statement will include information explaining the direct registration system. Agilent estimates that it will take about two weeks from the distribution date for the transfer agent to complete these mailings.

6.What about stockholders who hold Agilent common stock through a bank, broker or other nominee?
 Agilent stockholders who hold shares of Agilent through a bank, broker or other nominee are probably not registered holders of Agilent common stock, and, therefore, their receipt of Verigy ordinary shares depends on each such holder's arrangements with the nominee that holds his or her shares of Agilent common stock. Agilent anticipates that nominees generally will credit their customers' accounts shortly after the distribution. We encourage you to contact your bank, broker or other nominee if you have any questions regarding the mechanics of having shares of Verigy posted to your account.

7.How will Verigy ordinary shares trade?
 Verigy anticipates that a "when-distributed" market (i.e., trading by Agilent stockholders of the Verigy shares to be distributed by Agilent) will develop between the record date and the distribution date. When-distributed Verigy shares will trade under the symbol "VRGYV" during this period. Trades of "when-distributed" shares will settle shortly after the distribution date. After the distribution date, the when-distributed market will cease to exist for Verigy, and all outstanding Verigy ordinary shares will trade under the "VRGY" symbol.

8.How does the distribution affect the number of shares of Agilent common stock that a stockholder currently owns?
 The distribution itself has no effect on the number of shares of Agilent common stock currently held by its stockholders. Agilent and Verigy are separate companies and, other than the distribution, Agilent common stock and Verigy ordinary shares are not related.

9.How will the distribution affect the market price of Agilent common stock?
 When the distribution occurs, the market price of Agilent common stock may be expected to decrease, reflecting the full separation of Verigy from Agilent. The value of Agilent's current interest in Verigy will be reflected separately in the value of the Verigy ordinary shares that the Agilent stockholders will receive in the distribution.

10.What are the income tax consequences of the distribution to Agilent stockholders?
 Except for any cash received in lieu of a fractional Verigy ordinary share, we anticipate that a U.S. stockholder will not recognize any income, gain or loss as a result of the receipt of Verigy shares in the distribution. Any cash received in lieu of a fractional Verigy share will be treated as a taxable sale of the fractional share for U.S. Federal income tax purposes. Gain or loss will be recognized upon a subsequent sale of Verigy shares received in the distribution. More information on the U.S. Federal income tax consequences of the distribution will be provided in the information statement that will be mailed to Agilent stockholders and made available on Agilent's website following the record date.
The tax consequences of the distribution to non-U.S. stockholders depend on the laws applicable to such stockholders. Stockholders, particularly non-U.S. stockholders, should consult with a personal tax advisor to determine the tax impact, if any, of the distribution.

11.How do I get more information on the distribution?
 An Information Statement will be mailed to Agilent stockholders and made available on the Agilent website following the record date. If you would like more information, please call Agilent's information agent for the distribution, Georgeson. Banks and brokers should call Georgeson at (212) 440-9800. All others should call toll free at (866) 628-6020.