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Verisity Ltd. Announces Webcast To Acquire Axis Systems

MOUNTAIN VIEW, Calif.—(BUSINESS WIRE)—Dec. 11, 2003— Verisity Ltd. (Nasdaq:VRST), the leading supplier of verification process automation solutions, announced today that it will hold a webcast at 2:30 p.m. Pacific Time on Thursday, December 11, 2003 to discuss today's announcement to acquire Axis Systems.

A live webcast of the call will be available on Verisity's Web site at http://www.verisity.com. Following completion of the call, a rebroadcast of the webcast will be available at http://www.verisity.com through December 12, 2003.

For those without access to the Internet, a replay of the call will be available from 5:30 p.m. Pacific Time on December 11, 2003 through midnight on December 12, 2003. To listen to a replay, call 719-457-0820, access code 316098.

About Verisity

Verisity, Ltd. (Nasdaq:VRST), is the leading supplier of process automation solutions for the functional verification market. The company addresses customers' critical business issues with its market-leading software and intellectual property (IP) that effectively and efficiently verify the design of electronic systems and complex integrated circuits for the communications, computing, and consumer electronics global markets. Verisity's VPA solutions enable projects to move from executable verification plans to module, unit, and chip/system level 'total coverage' and verification closure, while maximizing productivity, product quality, and predictability of schedules. The company's strong market presence is driven by its proven technology, methodology and solid strategic partnerships and programs. Verisity's customer list includes leading companies in all strategic technology sectors. Verisity is a global organization with offices throughout Asia, Europe, and North America. Verisity's principal executive offices are located in Mountain View, California, with its principal research and development offices located in Rosh Ha'ain, Israel. For more information, visit www.verisity.com.

Verisity, the Verisity logo and Specman Elite are either registered trademarks or trademarks of Verisity Design, Inc. in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.



Contact:
Verisity
Bonnie Mott, 650-934-6800
bonnie@verisity.com

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