Cadence is First EDA Company to Open Research & Development and Customer Support Center in Russia.

Business Editors/High-Tech Writers

MOSCOW--(BUSINESS WIRE)--May 26, 2004

New Office is the Latest in a Series of Investments in Russia

as Part of the Cadence Globalization Strategy

Cadence Design Systems, Inc. (NYSE:CDN) today announced the opening of its first office in Moscow as the latest in a series of strategic investments by Cadence(R) in Russia. Ray Bingham, chairman of the Board of the Directors of Cadence Design Systems, Inc. is in Moscow to unveil the new facility, which is the first electronic design automation (EDA) research and development center opened in Russia by an overseas company.

The Moscow office will house more than 70 employees, who will focus on EDA tool development, including methodology services. It also will serve as Cadence's Russian center for training, scientific endeavors and large-scale educational programs, as well as local customer support.

"Russia has become a center of electronic design excellence, with many major global technology companies having facilities here," said Bingham. "There are many exceptionally talented electronic designers and engineers in Russia. This research and development center will become one of the cornerstones of electronic design excellence in this country, and Cadence is committed to support Russia's growth as a technology leader."

Mike Fister, who was named president and CEO at Cadence on May 12 added, "Cadence is a global provider of EDA technologies and services and needs to be wherever its customers are. I am pleased to support this investment, which represents the latest commitment to our customers in Russia and to helping the country's microelectronics industry flourish."

Cadence also sponsors a master's foundational program in analog/mixed-signal system-on-a-chip design at the Moscow Institute of Electronic Technology (MIET). This collaborative program is designed to benefit Russia's high-tech industry by developing a continuous stream of master's degree graduates with leading-edge skills in electronic design.

Mirantis, Inc., a Foster City Calif. company has been providing Russian business expertise to Cadence over the last 3 years and was also instrumental in the recent opening of the Cadence Technology Development Center in Moscow.

The Cadence Moscow office is located at Ulica Bolshaya Ordynka, dom 44, stroeni 4, 3 floor, 119017 Moscow.

About Cadence

Cadence is the largest supplier of electronic design technologies and engineering services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 4,800 employees and 2003 revenues of approximately $1.1 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, California, U.S.A., and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services is available at www.cadence.com.

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