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National Instruments Corporation Code of Ethics

Our corporate culture of honesty in our business dealings may be our most valuable asset.  We consider maintaining this principle to be one of our most important responsibilities.

Long-term success of National Instruments depends upon high standards of conduct being observed by National Instruments' employees and directors.  The purpose of the NI Code of Ethics is to clarify specific policies that spring from our principles of honesty and integrity.

The NI Code of Ethics is intended to comply with the applicable requirements of the SEC and Nasdaq.  All employees and directors are expected to read and understand the NI Code of Ethics, uphold these standards in day-to-day activities, and comply with the applicable policies.

The NI Code of Ethics and the policies referenced below were approved by the NI Board of Directors and became effective March 1, 2012.  Other policies referenced in the NI Code of Ethics have been adopted by the management of their respective departments and are available to employees on NI's internal legal webpage.

Code of Ethics

Antitrust Policy
Anti-Bribery & Anti-Corruption Policy
Business Gifts & Entertainment Policy
Conflicts of Interest Policy
Environmental Compliance Plan
Insider Trading Program
Trade Compliance Policy

Employees may report suspected violations of the NI Code of Ethics through a confidential Ethics Hotline which is operated by a third-party independent provider, either electronically or by phone.  For detailed information, please visit the Ethics Hotline.  NI does not tolerate any form of retaliation against any employee who makes a good faith report about suspected violations of the NI Code of Ethics.