Important Information
OUR ANNOUNCEMENT TODAY SHOULD NOT BE CONSTRUED AS UPDATING OR REAFFIRMING PREVIOUSLY ANNOUNCED EXPECTATIONS REGARDING FUTURE OPERATING RESULTS AS ANNOUNCED IN CADENCE'S PRESS RELEASE DATED APRIL 23, 2008. DURING CADENCE'S END OF QUARTER QUIET PERIOD, CADENCE REPRESENTATIVES WILL NOT COMMENT ON CADENCE'S BUSINESS OUTLOOK OR ITS FINANCIAL RESULTS OR EXPECTATIONS, EXCEPT TO ACKNOWLEDGE THE FACTORS SET FORTH IN THIS PRESS RELEASE UNDER THE HEADING "CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS." THE QUIET PERIOD WILL EXTEND UNTIL THE DAY WHEN CADENCE'S SECOND QUARTER 2008 EARNINGS RELEASE IS PUBLISHED, WHICH IS CURRENTLY SCHEDULED FOR JULY 23, 2008. CADENCE'S FAILURE TO COMMENT SHOULD NOT BE CONSIDERED EITHER A REAFFIRMATION OR A DENIAL OF ITS PREVIOUSLY PROVIDED GUIDANCE.
THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR A SOLICITATION RELATING TO CADENCE'S PROPOSAL TO ACQUIRE MENTOR GRAPHICS. A TENDER OFFER FOR THE SHARES OF MENTOR GRAPHICS COMMON STOCK HAS NOT COMMENCED. ADDITIONAL DOCUMENTS REGARDING THE TRANSACTION MAY BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC") AND INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ SUCH DISCLOSURE DOCUMENTS REGARDING THE PROPOSED TRANSACTION, IF AND WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. INVESTORS AND SECURITY HOLDERS MAY OBTAIN A FREE COPY OF THE DISCLOSURE DOCUMENTS (WHEN AND IF THEY ARE AVAILABLE) AND OTHER DOCUMENTS FILED BY CADENCE WITH THE SEC AT THE SEC'S WEBSITE AT WWW.SEC.GOV. IN ADDITION, SECURITY HOLDERS WILL BE ABLE TO OBTAIN A FREE COPY OF THESE DOCUMENTS (IF AND WHEN THEY BECOME AVAILABLE) FROM CADENCE.
For more information, please contact: Jennifer Jordan Investors and Shareholders Cadence Design Systems, Inc. (408) 944-7499 Adolph Hunter Media and Industry Analysts Cadence Design Systems, Inc. (408) 428-5882 Matthew Sherman / Eric Brielmann / Ed Trissel Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449
