MSC.Software Announces Review by the New York Stock Exchange

MSC.Software Announces Review by the New York Stock Exchange
Also Announces the Audit Committee Independent Review is Complete 


SANTA ANA, Calif., Jan. 4  /PRNewswire-FirstCall/ -- MSC.Software Corp.
(NYSE:MNS) today announced that the New York Stock Exchange (the "Exchange")
has informed the Company that the Exchange has been reviewing the Company's
continued listing status and monitoring the Company because of the Company's
failure to file its Annual Report on Form 10-K for the year ended December 31,
2003.  The Company has been keeping the Exchange informed regarding the status
of the independent review being conducted by the Company's Audit Committee
which caused the filing delay and all other relevant events.

The independent review launched by the Audit Committee is now complete, and a
preliminary report was delivered to the Audit Committee on December 31, 2004. 
A final report will be reviewed by the full Board and the Company's outside
auditors as soon as it becomes available.  A final timetable for completion of
the 2003 audit will then be developed.

The Exchange's policy as it pertains to the monitoring of late Form 10-K filers
has been to initiate suspension procedures if a company has not filed its
Annual Report on Form 10-K within nine months after its due date.  The
Exchange's policy also allows for it to consider up to a three month extension
if warranted, subject to certain conditions.  The Exchange has informed the
Company that it is prepared to continue the listing of the Company's common
stock at this time, subject to ongoing review.  The Exchange will formally
re-evaluate all facts by January 31, 2005.  The Exchange has stated that, if by
the time of its re-evaluation it is determined that the Company will not be
able to file its 2003 Annual Report by March 31, 2005, the Exchange will move
forward with the initiation of suspension procedures.

The Company is doing everything possible to file its Annual Report by March 31,
2005.  However, the Company is uncertain that it will meet the deadlines
imposed by the Exchange, and no assurance can be given that the Exchange will
continue to allow the Company's stock to trade on the NYSE.

About MSC.Software Corporation

MSC.Software (NYSE:MNS) is the leading global provider of virtual product
development (VPD) products including simulation software and services that help
companies make money, save time and reduce costs associated with designing and
testing manufactured products.  MSC.Software works with thousands of companies
in hundreds of industries to develop better products faster by utilizing
information technology, software and services. MSC.Software employs more than
1300 people in 22 countries.  For additional information about MSC.Software's
products and services, please visit http://www.mscsoftware.com/. 

DATASOURCE: MSC.Software Corp.



CONTACT:  Investors, Joanne Keates, Vice President, Investor Relations,

[phone], , or Media, Todd Evans,

Corporate Communications, [phone], , both of

MSC.Software Corp.



Web site:  http://www.mscsoftware.com/ 

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