LIVERMORE, CA – October 20, 2003 – FormFactor, Inc. (Nasdaq: FORM) announced today that it has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed follow-on public offering of common stock. The filing provides for an offering of 5 million shares, consisting of approximately 3.5 million secondary shares offered by existing stockholders and employees, with the remainder of the offering, plus an over-allotment option of 750,000 shares consisting of primary shares offered by the company.

Morgan Stanley will serve as sole bookrunner for the offering, with Goldman, Sachs & Co. serving as co-managing underwriter.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

When available, a copy of the prospectus may be obtained from Morgan Stanley’s prospectus department at 1585 Broadway, New York, NY 10036-8200, (212) 761-6775.