Gennum Closes Sale of Consumer Headset Product Line to CellPoint

Business Wire, August 27, 2007

BURLINGTON, Ontario -- Gennum Corporation (TSX:GND) today announced that it has closed the previously announced sale of its consumer headset product line to CellPoint Connect AB, a leading provider of wired and Bluetooth[R] enabled wireless headsets/earphones. The sale is part of Gennum's strategy to streamline its product line in order to focus on its high-speed mixed signal products for the video and data communications market.

Gennum's consumer headset line includes the nXZEN[TM] and nX 6000[TM] products, all incorporating Bluetooth technology. CellPoint currently offers the Flamingo line of headsets and is set to launch a new lifestyle brand "Happy Ear."

Gennum and CellPoint reached a definitive agreement for the sale on August 9, 2007.

About Gennum

Gennum Corporation (TSX:GND) is a leading designer and manufacturer of semiconductor solutions for the global video, data communications and audio markets. A winner of a Technical Emmy[R] award for advances in high definition (HD) broadcasting, Gennum's broad portfolio of products and technologies include image processors, video timing and transport products, ICs for optical transceivers, backplane interconnects and low power digital signal processing (DSP) solutions. Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Japan, Korea, Taiwan and the United Kingdom. www.gennum.com

About CellPoint Connect AB

CellPoint Connect AB is a publicly listed Swedish company (www.aktietorget.se; CPNT) with headquarters in Copenhagen, Denmark and offices in Oslo, Stockholm, Miami and Shenzen, China. The company designs, develops, manufactures and markets wired and Bluetooth[R] enabled wireless headsets/earphones. See www.cellpoint.com.

Disclaimer

This document may contain forward-looking statements relating to Gennum's goals, strategies, financial condition and results as well as the environment in which Gennum operates, investments, and litigation in which Gennum is involved, which may involve estimates, forecasts and projections. Forward-looking statements may include words such as "plans", "intends", "anticipates", "should", "estimates", "expects", "believes" and similar expressions. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond Gennum's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in Gennum's public filings. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Gennum disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Gennum, the Gennum logo are registered trademarks of Gennum Corporation. All other product or service names are the property of their respective owners. Gennum Corporation, 2007.