Magma Joins Industry Standards Organization Accellera

SANTA CLARA, Calif., May 26, 2004 -- Magma® Design Automation Inc. (Nasdaq: LAVA), a provider of chip design solutions, today became a Corporate member of Accellera, the electronics industry organization focused on electronic design automation (EDA) standards. By joining Accellera, Magma has pledged to become actively involved in defining and evolving the SystemVerilog standard, implementation efforts, and interoperability definitions.

"Magma is an influential EDA leader and we welcome the company as a new Accellera member," said Dennis Brophy, chairman of Accellera. "Our ongoing standards efforts will benefit from Magma's active participation and valuable technical expertise."

"SystemVerilog is being adopted by some of our high-end customers and, being a technology leader, we want to be at the leading edge of the adoption curve," said Yatin Trivedi, Magma's director of product marketing. "Blast Create has been proven to provide a predictable handoff to ASIC vendors, and Magma is now the leading EDA vendor in the integrated RTL-to-GDSII implementation market. We joined Accellera to ensure that our users' concerns about interoperability among all EDA vendors are adequately addressed and in a timely fashion."

Magma will exhibit at the 41st Design Automation Conference (DAC), at the San Diego Convention Center June 7-10. For more information about Magma visit: www.magma-da.com.

About Accellera

Accellera provides design standards for quick availability and use in the electronics industry. The organization and its members cooperatively deliver much-needed EDA standards that lower the cost of designing commercial IC and EDA products. As a result of Accellera's partnership with the IEEE, Accellera standards are provided to the IEEE standards body for formalization and ongoing change control. For more information about Accellera, please visit www.accellera.org. Accellera is located at 1370 Trancas St., #163, Napa, Calif. 94558. Phone: (707) 251-9977, Fax: (707) 251-9877, info@accellera.org.

About Magma Design Automation

Magma provides leading software for designing highly complex integrated circuits while maximizing quality of results with respect to area, timing and power, and at the same time reducing overall design cycles and costs. Magma provides a complete RTL-to-GDSII design flow that includes design planning, prototyping, synthesis, place & route, and signal and power integrity chip design capabilities in a single executable, offering "The Fastest Path from RTL to Silicon"™. Magma's software also includes products for advanced physical synthesis and architecture development tools for programmable logic devices (PLDs); capacitance extraction; and characterization and modeling. The company'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 Blast Create and "The Fastest Path from RTL to Silicon" are trademarks of Magma Design Automation Inc. All other product and company names are trademarks and 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 Magma working to define and evolve the SystemVerilog standard, implementation efforts, and interoperability definitions and about the features and benefits of Magma's system, 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 decision to continue to participate in Accellera, its ability to keep pace with rapidly changing technology and its 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.