Magma, Blast Fusion, Blast Noise and FixedTiming are registered trademarks, and ArchEvaluator, Blast Create, Blast Fusion APX, Blast Plan, Blast Rail, "The Fastest Path from RTL to Silicon", and PALACE are trademarks of Magma Design Automation. All other product and company names are trademarks and registered trademarks of their respective companies.

FORWARD-LOOKING STATEMENTS:
Except for the historical information contained herein, the matters set forth in this press release, including statements that Magma tools will provide a smooth design flow and fast turnaround time and about the features and benefits of Magma's system, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to, Magma's ability to keep pace with rapidly changing technology and its products ability to produce desired results. Further discussion of these and other potential risk factors may be found in Magma's Form 10-K for the year ended March 31, 2003 and filed with the Securities and Exchange Commission (“SEC”) on June 20, 2003, and from time to time in Magma's SEC reports. These forward-looking statements speak only as of the date hereof. Magma disclaims any obligation to update these forward-looking statements.