Magma Leads Nasdaq Market Opening Ceremony to Highlight Introduction of All-New Talus IC Implementation Product Line

Business Wire, April 17, 2006

SANTA CLARA, Calif. -- Magma(R) Design Automation Inc. (Nasdaq:LAVA), a provider of semiconductor design software, announced that Chairman and Chief Executive Officer Rajeev Madhavan will open today's Nasdaq Stock Market and participate in the Market Open ceremony at 9:30 a.m. EDT to mark today's introduction of the all-new Talus(TM) integrated circuit (IC) implementation product line. Talus offers IC developers unequaled automation and virtually unlimited capacity while delivering improved timing, area, power, signal integrity and manufacturability.

Joining Madhavan on the podium will be four key members of the Talus product development team: Roger Carpenter, vice president of strategic technology; Ed Huijbregts, vice president of design implementation; and software architects Hsiao-Ping Tseng and Koen Van Eijk.

"We're excited to celebrate the unveiling of our Talus product line by opening The Nasdaq Stock Market," Madhavan said. "This is the perfect setting for such an important announcement, not only for Magma but also for the electronic design automation (EDA) industry. Prior to Talus, the EDA industry provided only design assistance. With Talus, Magma provides true automation enabling IC designers to accelerate the design cycle while maximizing their engineering resources, thereby boosting profits per design."

The 9:30 a.m. EDT market opening will be broadcast live on the Nasdaq Tower in Times Square and made available to broadcast television. The Market Opening will also be webcast live at www.Nasdaq.com (click on Nasdaq MarketSite and Tower).

For broadcast outlets interested in satellite feed information, the Nasdaq Market Open ceremony is available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

About Magma

Magma's software for integrated circuit (IC) design is recognized as embodying the best in semiconductor technology. The world's top chip companies use Magma's EDA software to design and verify complex, high-performance ICs for communications, computing, consumer electronics and networking applications, while at the same time reducing design time and costs. Magma provides software for IC implementation, analysis, physical verification, characterization and programmable logic design, and the company's integrated RTL-to-GDSII design flow offers "The Fastest Path from RTL to Silicon"(TM). Magma is headquartered in Santa Clara, Calif. with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.

Magma is a registered trademark, and Talus and "The Fastest Path from RTL to Silicon" are trademarks of Magma Design Automation Inc. All other product and company names are trademarks or 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 about the features and benefits of Magma's system and Magma's intent to improve all aspects of IC design, 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 the company's products' abilities to produce desired results. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.