Transeda Appoints Udo Muerle CEO

Focuses Company for Move into Formal Verification

LOS GATOS, Calif. – October 2, 2002 – TransEDA®, the leader in integrated verification solutions for electronic designs, announced that Udo Muerle has been named chief executive officer of the company.

"Udo Muerle is intimately familiar with the electronic design automation industry and TransEDA's operations," said Bob Quinn, TransEDA chairman. "His expertise and ambition to make TransEDA a leader in the formal verification arena make him a great asset to the company."

Muerle has been with TransEDA in a number of key roles since 1998, most recently as vice president of sales. His extensive industry background includes service and system sales positions in the Logic Design and Verification Business Unit (Europe) at Cadence Design Systems; technical sales and account positions at Texas Instruments; and a role as a development engineer specializing in ASIC and FPGA designs for IBM.

"TransEDA has a great opportunity in the electronic design verification market," said Muerle. "I look forward to working closely with our customers to provide them with the integrated verification solutions that will help them achieve faster design closure. With superior products and support backed by a solid and focused company, I am confident that TransEDA will achieve verification market leadership."

About TransEDA
TransEDA PLC (listed under symbol TRA on the Alternative Investment Market of the London Stock Exchange) develops and markets integrated 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 for advanced microprocessors and bus interfaces.

TransEDA's design verification software performs application-specific test automation, configurable HDL checking, finite state machine (FSM) and code coverage analysis, test suite analysis, and dynamic property checking. TransEDA's tier-1 list of customers includes 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, California 95032 U.S.A., telephone (408) 335-1300, fax (408) 335-1319.