WHO:

Cadence Design Systems, Inc. (NASDAQ: CDNS) to announce third quarter 2008 financial results via Webcast.

WHAT:

You are invited to attend the third quarter 2008 financial results audio Webcast. Participating on the Webcast will be Lip-Bu Tan, Interim Vice Chairman of the Board of Directors and member of the Interim Office of the Chief Executive, Charlie Huang, Senior Vice President and member and Chief of Staff of the Interim Office of the Chief Executive, and Kevin S. Palatnik, Senior Vice President, Chief Financial Officer and member of the Interim Office of the Chief Executive.

WHEN:

The Webcast will begin Wednesday, December 10, 2008 at 2 p.m. (Pacific)/5 p.m. (Eastern). An archive of the Webcast will be available from 5 p.m. (Pacific) December 10 until 5 p.m. (Pacific) December 17.

WHERE:

The Webcast will be available online at: http://www.cadence.com/cadence/investor_relations/Pages/default.aspx

For more information, please contact:
Jennifer Jordan
Investor Relations
Cadence Design Systems, Inc.
408-944-7100

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