Synplicity Announces U.S. and German Governments Have Granted Termination of Antitrust Waiting Periods

  
    
  
  
    
      Synplicity, Inc. (Nasdaq:SYNP) today announced that the U.S. Federal 
      Trade Commission and the U.S. Department of Justice have allowed the 
      expiration of the waiting period for antitrust review under the 
      Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with 
      Synopsys’ pending acquisition of Synplicity. 
      Expiration of the waiting period ends the Federal Trade Commission’s 
      and Department of Justice’s antitrust review 
      of the transaction. On April 14, 2008, the German Federal Cartel Office 
      granted antitrust clearance of the transaction under the Act against 
      Restraints of Trade.
    
    
      As previously announced on March 20, 2008, Synplicity and Synopsys 
      announced the signing of a merger agreement under which Synopsys will 
      pay $8.00 per share in cash, without interest, for each outstanding 
      share of Synplicity common stock. Expiration of the Hart-Scott-Rodino 
      and German waiting periods satisfies one of the conditions to completion 
      of the transaction. The completion of the transaction is still subject 
      to Synplicity shareholder approval and other customary closing 
      conditions.
    
    
      About Synplicity
    
    
      Synplicity®, Inc. (Nasdaq: SYNP) is a leading 
      supplier of innovative software and hardware solutions for the design 
      and verification of semiconductors that serve a wide range of 
      communications, military/aerospace, consumer, semiconductor, computer, 
      and other electronic systems markets. Synplicity’s 
      FPGA implementation tools provide outstanding performance, cost and 
      time-to-market benefits by simplifying, improving and automating design 
      planning, logic synthesis and physical synthesis for FPGA and DSP 
      designs. The combination of the company’s ASIC 
      verification and FPGA-based prototyping software tools and HAPS ASIC 
      prototyping hardware, provide designers with a comprehensive at-speed 
      ASIC / ASSP verification flow known as the Confirma™ 
      platform which dramatically accelerates functional verification of FPGAs 
      and ASICs. Synplicity is the number one supplier of FPGA synthesis tools 
      and its physical synthesis and ASIC verification technology are the 
      recipients of several prestigious industry awards. Synplicity products 
      support industry-standard design languages (VHDL and Verilog) and run on 
      popular platforms. The company operates in over 20 facilities worldwide 
      and is headquartered in Sunnyvale, California. For more information 
      visit http://www.synplicity.com.
    
    
      Forward-Looking Statements
    
    
      This press release contains forward-looking statements that involve 
      risks and uncertainties concerning Synopsys’ 
      proposed acquisition of Synplicity. Actual events or results may differ 
      materially from those described in this document due to a number of 
      risks and uncertainties. The potential risks and uncertainties include, 
      among others, the possibility that the transaction will not close, and 
      that the closing may be delayed. Synplicity undertakes no obligation to 
      update these forward-looking statements to reflect events or 
      circumstances after the date of this document.
    
    
      Additional Information
    
    
      On April 17, 2008, Synplicity filed a definitive proxy statement filed 
      with the Securities and Exchange Commission (the “SEC”) 
      regarding the proposed acquisition of Synplicity by Synopsys. Investors 
      and security holders of Synplicity are urged to read the definitive 
      proxy statement and any other relevant materials filed by Synopsys or 
      Synplicity with the SEC because they contain, or will contain, important 
      information about Synopsys, Synplicity and the proposed acquisition. The 
      definitive proxy statement has been mailed to the security holders of 
      Synplicity. The definitive proxy statement and other relevant materials 
      (when they become available), and any other documents filed by Synopsys 
      or Synplicity with the SEC, may be obtained free of charge at the SEC’s 
      web site at www.sec.gov. In addition, 
      investors and security holders may obtain free copies of the documents 
      filed with the SEC by Synopsys by contacting Synopsys Investor 
      Relations, 700 East Middlefield Road, Mountain View, California, 94043, 
      [phone]. Investors and security holders may obtain free copies of 
      the documents filed with the SEC by Synplicity by contacting Synplicity 
      Investor Relations, 600 W. California Avenue, Sunnyvale, California, 
      94086, [phone].
    
    
      Synplicity and its officers and directors may be deemed to be 
      participants in the solicitation of proxies from Synplicity’s 
      shareholders with respect to the merger. A description of any interests 
      that these officers and directors have in the merger are set forth in 
      the definitive proxy statement filed with the SEC. Additional 
      information concerning Synplicity’s directors 
      and executive officers is set forth in Synplicity’s 
      Amendment No.1 to Annual Report on Form 10-K, which was filed with the 
      SEC on April 4, 2008. These documents are available free of charge at 
      the SEC’s web site at www.sec.gov 
      or by going to Synplicity’s Investor 
      Relations page on its corporate website at www.synplicity.com.
    
    
      Synplicity is a registered trademark of Synplicity, Inc. All other 
      brands or products are the trademarks or registered trademarks of their 
      owners.