Key Endorsements From Industry Leaders Drive Verisity's e Verification Language to Standardization

Industry Leading Electronics Companies Join LicenseE Program

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 3, 2002 Verisity, Ltd. (Nasdaq: VRST - News), the leading provider of functional verification automation software, today announced continued growing support for Verisity"s e verification language with several industry-leading companies joining the LicenseE(TM) program. Key customers including: Cisco, STMicroelectronics and Black Cat Electronics have joined LicenseE in order to drive it to be an open, public standard. In addition, leading formal verification vendor, Averant, Inc. has announced their membership in the LicenseE program to develop e language support within their tools. (See related release, "Averant Licenses Verisity"s e Verification Language," dated June 3, 2002.) Additional announcements of new LicenseE members are expected in the next few months.

"ST is a long-time customer of Verisity and we have standardized on Verisity"s Specman Elite(TM) for testbench automation and eVC(TM)s for verification reuse because of the quality of the solution and the very proactive support we get from Verisity," said Philippe Magarshack, Group Vice President, Central R&D, Design Automation and Libraries Program Director for STMicroelectronics. "We have joined the LicenseE program because we believe the e language is a good choice for verification and we believe that the open LicenseE Steering Committee has the right combination of ASIC end-users, as well as EDA providers, so as to make it into the industry verification standard."

The Path to Standardization

The components of Verisity"s strategy towards standardization has been to:

• Achieve de facto acceptance by the verification community,
• Receive significant interest from EDA vendors in supporting e,
• Target appropriate standards bodies.

The increasing interest from customers, EDA vendors and the industry at large has created significant momentum. The LicenseE Steering Committee, which is made up of all the member companies in the LicenseE program, is now focused on driving the standardization process to completion.

"There is strong momentum behind the e language as evidenced by the growing list of customers, EDA vendors and Verification Alliance(TM) partners in the LicenseE program," said Moshe Gavrielov, chief executive officer for Verisity. "The best standards are made from commercial solutions that the marketplace has deemed the de facto standard. e is the verification language the market has chosen and is therefore, the only logical choice for standardization."

LicenseE Program

The LicenseE program was developed to drive the adoption and maturation of the e verification language. The program gives full license to tool vendors to develop and integrate products using the e language. LicenseE members receive open access to the complete e language and parser and automatically become part of the e Steering Committee. All companies on the Steering Committee have equal say, including Verisity. The program is also open to parties, such as customers, who have a deep interest in the evolution and standardization of e.

About Verisity

Verisity is the leading provider of proprietary technologies and software products used to efficiently verify designs of electronic systems and complex integrated circuits that are essential to high growth segments of the electronics industry. Verisity"s products automate the process of detecting flaws in these designs, enabling customers to deliver higher quality products, accelerate time-to-market and reduce overall product development costs.

Verisity Design, Inc."s principal executive offices are located in Mountain View, CA. The Company"s principal research and development offices are located in Rosh Ha"ain, Israel. For more information, see Verisity"s web site at www.verisity.com.

Forward Looking Statement

This release contains forward-looking statements under the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934 including, specifically, statements regarding the impact and benefits of the LicenseE Program. These statements are based on Verisity Design"s current expectations and beliefs. Actual results could differ materially from the results implied by these statements. Factors that could cause results to differ from these statements include the competitive nature of the electronic design automation industry, the development or adoption of alternative technologies or methods for addressing verification, and uncertainties inherent in the rate of which complex technology is adopted, as well as factors identified in documents filed by Verisity Design with the Securities and Exchange Commission, especially the most recent report on Form 10-K.

Note to Editors: Verisity is a registered trademark of Verisity Design, Inc. eVCs, LicenseE, Specman Elite and Verification Alliance are trademarks of Verisity Design, Inc. All other trademarks are the property of their respective holders.

     Verisity Design, Inc.
     Jennifer Bilsey, 650/934-6823
     jen@verisity.com