Exhibit 99.1 Certain Information to Be Provided to Prospective Lenders on or About JunJune 16e16, 2011

As used herein:

	•		“SMART” or the “Company” means SMART Modular Technologies (WWH), Inc., a Cayman Islands exempted company; and
	•		“Parent” means Saleen Holdings, Inc., a Cayman Islands exempted company

In connection with Parent’s financing for the contemplated merger (the “Merger”) pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated April 26, 2011, by and among SMART, Parent and Saleen Acquisition, Inc., a Cayman Islands exempted company and wholly owned subsidiary of Parent, SMART intends to disclose the information below that will be provided to prospective lenders of such financing. This information contains financial data that was prepared for specific analysis purposes and is based upon various assumptions and estimates. Management reviewed and participated in the preparation of this information which was not necessarily prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The non-GAAP analyses and measures were provided to enable potential lenders to evaluate financial performance under scenarios that are not necessarily part of the Company’s currently existing reporting or operating structure. The presentation of this additional information is not meant to be a substitute for the corresponding financial measures prepared in accordance with GAAP. In addition, these measures may not be used similarly by other companies and therefore may not be comparable between companies.

Business Units

In connection with such financing, certain materials to be presented to potential lenders have been prepared to model SMART’s business as three business units — Brazil, Specialty Modules & Logistics and Storage.

The group comprising borrowers (“Borrowers”) under the senior secured credit facilities (“Senior Secured Credit Facilities”) sought by Parent, and the non-Borrower entities that would guarantee the Senior Secured Credit Facilities (“Guarantors”) following the contemplated Merger (the Borrowers and the Guarantors, collectively the “Credit Group”) does not include entities that will constitute the contemplated Storage business unit.

Certain non-GAAP financial information for SMART’s business units for the last twelve months (“LTM”) period ended February 25, 2011 is presented according to Exhibit 1.

Exhibit 1

($mm)		Brazil (a)		Specialty Modules (1) & Logistics (a)				Storage
Net Revenue		$397		$315		$1,041/$43 (2)		$52
YoY Growth		143%		20%		50% / 17% (2)		310%
Gross Profit		$78		$46		$37		$9
Adjusted EBITDA (3)		$73		$12		$31		($11)

Note:

Financial results by business unit are pro forma for cost allocations estimated for the purpose of discussions in connection with the financing of the proposed acquisition.

Specialty Modules Business Unit Volatility as Compared to Commodity DRAM Pricing

SMART’s Specialty Modules business experiences significantly less volatility than commodity Dynamic Random Access Memory (“DRAM”) pricing. In Q1 of FY 2011, 1 gigabit DDR3 DRAM market pricing declined 44% while SMART’s DRAM module revenue only declined by 13%. In Q2 of FY 2011, 1 gigabit DDR3 DRAM market pricing declined 17% while SMART’s DRAM module revenue only declined by 3%.

Logistics Quarterly Revenue Trending

The Company’s Logistics services, a subset of the contemplated Specialty Modules & Logistics business unit, can be characterized as producing consistent quarterly net revenues with a streamlined cost structure and stable cash flows. Exhibit 2 outlines the gross revenue and net revenue associated with the Logistics offerings for the last ten fiscal quarters.

Exhibit 2

($mm)		Gross Revenue				Net Revenue
Q1 FY09		$	198			$	12
Q2 FY09		$	153			$	9
Q3 FY09		$	144			$	8
Q4 FY09		$	167			$	8
Q1 FY10		$	162			$	8
Q2 FY10		$	221			$	10
Q3 FY10		$	270			$	11
Q4 FY10		$	269			$	12
Q1 FY11		$	239			$	10
Q2 FY11		$	263			$	10

Non-GAAP Summary Financials — Credit Group Only (Excludes Storage)

Financial results for the Credit Group for the LTM period ended February 25, 2011 are presented in Exhibit 3. Also included is management’s estimate for the Credit Group for the fiscal year ending August 26, 2011.

Exhibit 3

		LTM Q2 FY 11				FY 2011
($mm)		Actual				Estimate
Net Sales		$	755			$	659
% growth			63	%			(1	%)
Gross Profit			160				132
% margin			21	%			20	%
Adjusted EBITDA (1)			117				88
% margin			15	%			13	%
Adj. EBITDA — Capex			88				63
% margin			12	%			10	%

Note:

Financial results for the Credit Group are based on pro forma cost allocations estimated for the purpose of discussions in connection with the financing of the proposed acquisition.

 

Adjusted EBITDA Calculation — Credit Group Only (Excludes Storage)

Exhibit 4

		LTM
($mm)		Q2 FY 11
EBITDA		$	107
Adjustments to EBITDA:
Stock based compensation			7
Restructuring charges (1)			3
			10
Adjusted EBITDA		$	117

Note:

EBITDA calculations for the Credit Group are based on pro forma cost allocations estimated for the purpose of discussions in connection with the financing of the proposed acquisition.

Pro Forma Credit Group Balance Sheet Q2 FY 2011

Exhibit 5

($mm)		Credit Group(1)
Assets
Cash & Equivalents		$	50
Other Current Assets			294
Total Current Assets			344
Fixed Assets, Net			51
Goodwill & Intangibles			310
Other Assets, Total			49
Total Assets		$	755
Liabilities
Current Liabilities		$	137
Long Term Debt, Total			300
Other Long Term Liabilities, Total			6
Total Liabilities			443
Net Assets		$	312

Note: Numbers may not foot due to rounding.

Reconciliation of Pro Forma LTM Q2 FY 2011 Adjusted EBITDA to GAAP Consolidated Net Income

Adjusted EBITDA by Business Unit		LTM
($mm)		Q2 FY 11
Brazil		$	73
Specialty Modules			12
Logistics			31
Credit Group subtotal			117
Storage			(11	)
Adjusted EBITDA		$	106

		LTM
($mm)		Q2 FY 11
Net Income		$	40
Interest expense, net			3
Income taxes			24
Depreciation and amortization			21
EBITDA		$	87
Adjustments:
Stock-based compensation			8
Restructuring charges			3
Technology access charge			8
Display business divestiture			1
Adjusted EBITDA		$	106

Note: Numbers may not foot due to rounding.

Additional Information and Where to Find It

     All parties desiring details regarding the transaction are urged to review the definitive Merger Agreement on the Company’s website at http://www.smartm.com, and the SEC’s website at http://www.sec.gov. In connection with the proposed transaction, SMART has filed with the SEC a preliminary proxy statement and other documents relating to the transaction and will file with the SEC a definitive proxy statement, and may file with the SEC other documents regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER FILED DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Shareholders will be able to obtain a free-of-charge copy of the proxy statement and other relevant documents (when available) filed with the SEC from the SEC’s website at http://www.sec.gov. Shareholders will also be able to obtain a free-of charge copy of the proxy statement and other relevant documents (when available) by directing a request by mail or telephone to The Blueshirt Group, Attention: Suzanne Craig or from SMART’s website, http://www.smartm.com. SMART and certain of its directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies from shareholders of SMART in favor of the proposed merger. Information regarding SMART’s directors and executive officers is contained in SMART’s definitive proxy statement filed with the SEC on December 3, 2010 (the “Annual General Meeting Proxy Statement”). Additional information regarding the interests of such potential participants will be included in the proxy statement and the other relevant documents filed and to be filed with the SEC (when available).