TransEDA Announces the Formation of Japanese Subsidiary, Nihon TransEDA K.K.

YOKOHAMA, JAPAN - April 8, 2002 - TransEDA®, the leader in ready-to-use verification solutions for electronic designs, today announced the further expansion of its presence in the Japanese market through the formation of Nihon TransEDA K.K. The wholly owned subsidiary of TransEDA PLC will provide sales, support, and customer liaison for Japanese customers. Yasuo Kanehira, former senior technical manager of TransEDA's Japan support office, will lead the Yokohama-based operation onsite as representative director.

"Japan is an important market for TransEDA with a solid and growing base of loyal customers," said Ellis Smith, chief executive officer of TransEDA PLC. "By establishing Nihon TransEDA K.K., we can better meet the needs of our Japanese customers. The Japanese market is one of the fastest growing areas for our products, and this new subsidiary will enable us to better provide the tools and services our customers here require."

Nihon TransEDA K.K. will be staffed by a team of locally recruited sales, marketing, and technical professionals. Ellis Smith is president of the subsidiary, and Gus Orchard, TransEDA CFO, is director and secretary. Tetsuro Shibuya will serve as sales manager for Nihon TransEDA K.K. The company's Japanese distributor, KeyBridge, Inc., will continue to work with TransEDA as an independent sales representative.

Nihon TransEDA K.K. is located at 1024 Silk Building, 1 Yamashita-cho, Naka-ku, Yokohama 231-0023 Japan; telephone 045-227-6201, fax 045-227-6202, email info@transeda.com.

About TransEDA TransEDA PLC (symbol TRA on the London Stock Exchange) develops and markets ready-to-use design verification solutions for electronic field-programmable gate array (FPGA), application-specific integrated circuit (ASIC), and system-on-chip (SoC) designs. The company's verification IP library includes models and properties for advanced microprocessors and standard bus interfaces.

TransEDA's design verification software performs dynamic property checking, application-specific test automation, configurable HDL checking, code and finite state machine (FSM) coverage analysis, and test suite analysis. TransEDA's tier-one customers include 18 of the world's top 20 semiconductor vendors.

For more information, visit www.transeda.com or contact TransEDA at 983 University Avenue, Building C, Los Gatos, Calif. 95032 U.S.A., telephone (408) 335-1300, fax (408) 335-1319, e-mail info@transeda.com.

Note: TransEDA is a registered trademark of TransEDA PLC. All other trademarks are properties of their respective holders.

MEDIA CONTACTS:

In North America, Asia, and Japan:
TransEDA
Tom Borgstrom
408.335.1303
tom.borgstrom@transeda.com

Armstrong Kendall, Inc.
Jen Bernier
408.975.9863
jen@akipr.com

In the U.K. and Europe:
PentaCom
Sharon Graves
+44 1242 525205
sharon.graves@pentacomagency.com

Financial Inquiries:
Beattie Financial
Ann-Marie Wilkinson
+44 020 7398 3300
annmarie.wilkinson@beattiefinancial.com