Cadence Board of Directors Creates Interim Office of the Chief Executive; Michael Fister Resigns

For a detailed discussion of these and other cautionary statements, please refer to the company's filings with the Securities and Exchange Commission. These include the company's Annual Report on Form 10-K for the year ended December 29, 2007 and the company's Quarterly Report on Form 10-Q for the quarter ended June 28, 2008.

About Cadence

Cadence Design Systems, Inc. enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence(R) software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2007 revenues of approximately $1.6 billion, and has approximately 5,100 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

Cadence is a registered trademark and the Cadence logo is a trademark of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

    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

Web site: http://www.cadence.com/



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