Rudolph Technologies Prices Offering of $50 Million of 3.75% Convertible Senior Notes Due 2016

Rudolph Technologies, Inc. RTEC today announced the pricing of its offering of $50 million aggregate principal amount of 3.75% convertible senior notes due 2016. The notes will be sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The sale is expected to close on July 25, 2011, subject to customary closing conditions. The Company also granted the initial purchaser of the notes an option to purchase up to an additional $10 million aggregate principal amount of the notes. The notes will pay interest semi-annually on January 15 and July 15 at an annual rate of 3.75%, and will mature on July 15, 2016, unless earlier converted or repurchased. The notes will be convertible, subject to certain conditions. Upon conversion, the Company will pay cash up to the aggregate principal amount of the notes to be converted and deliver shares of its common stock in respect of the remainder, if any, of the conversion obligation in excess of the aggregate principal amount of the notes being converted. The initial conversion rate for the notes will be 77.2410 shares of the Company's common stock (subject to adjustment in certain circumstances) per $1,000 principal amount of the notes, which is equal to an initial conversion price of approximately $12.95 per share, representing a conversion premium of approximately 35% above the closing price of the Company's common stock of $9.59 per share on July 19, 2011.