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Cadence Design Systems, Inc. (CDNS) to Ring The NASDAQ Stock Market Opening Bell From San Jose California

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ADVISORY, Oct. 30, 2006 (PRIMEZONE) --

What: One year ago, Cadence Design Systems, Inc. (Nasdaq:CDNS), the leader in global electronic-design innovation became the first dual-listed company to move to a sole listing on the NASDAQ Stock Market. In celebration of this one-year anniversary, Cadence Design Systems, Inc. (CDNS) will ring the NASDAQ opening bell live from their San Jose California headquarters. Seven companies have switched from the NYSE to the NASDAQ since 2005. The ceremony will be simultaneously showcased live on NASDAQ's seven-story Tower in Times Square New York. The Opening Bell is a ceremonial event that represents The NASDAQ Stock Market's virtual market model. As a result, NASDAQ can be opened from any location bringing together investors and market participants from around the world to mark the beginning of the trading day. Who: Mike Fister, President and Chief Executive Officer, Cadence Design Systems, Inc. Bruce Aust, Executive Vice President, The NASDAQ Stock Market When: Wednesday November 1st, 2006 NASDAQ Opening Bell Ceremony: 9:15 a.m. E.T. to 9:35 a.m. E.T. 6:15 a.m. P.T. to 6:35 a.m. P.T. Where: Cadence Design Systems 2655 Seely Avenue San Jose, CA 95134 Webcast: A live Webcast of the NASDAQ Opening Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm Broadcast: Broadcast outlets that are interested in broadcasting the opening bell can access it via satellite. The ceremony will be made available is available from 9:20 a.m. to 9:35 a.m. ET on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. RSVP: If you wish to attend the Opening Bell Ceremony, please RSVP by contacting: Nancy Szymanski Office (408) 473-8382 Cell (415-420-5008) nancy@cadence.com Media Contact, Cadence: Adolph Hunter 408-428-5882 adolph@cadence.com Media Contacts, NASDAQ: Bethany Sherman +1 212-401-8714 Bethany.sherman@nasdaq.com Darren Brandt 212-446-1861 dbrandt@sloanepr.com

About Cadence Design Systems, Inc. (CDNS):

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2005 revenues of approximately $1.3 billion, and has approximately 5,200 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

About NASDAQ

NASDAQ(r) is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/. Also, for additional factoids on NASDAQ you may visit www.nasdaqfacts.com.

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