Limerick, Ireland - Friday 29th June, 2001 - Parthus
Technologies plc (Nasdaq: PRTH, LSE: PRH), a leading developer of
platform-level intellectual property (IP), today announced the opening of
an advanced research and development centre at Limerick in Ireland. The
new centre which currently employs 30 high-tech professionals will expand
to become the company's worldwide software development headquarters for
wireless communications. The centre was officially opened by the Deputy
Prime Minister of Ireland, An Tánaiste Mary Harney, T.D., together with
Kevin Fielding, president of Parthus Technologies plc. The company
currently employs over 400 people in Ireland and abroad.

The new research & development centre at Limerick focuses on the
software development of wireless protocols, notably in Bluetooth
technology, and chip design layouts for next generation Smartphones.
Smartphones are mobile telephone devices which will also act as Personal
Digital Assistants or Information Managers wirelessly connecting to
various network operators to provide Internet services, video
conferencing, news, audio and location based services among other
multimedia capabilities. Bringing these devices to market creates very
complex technological requirements which are being met worldwide through
the use of Parthus software and integrated circuit designs.

The established Limerick research & development centre currently
comprises two main development teams. The wireless protocol group has been
working on complex standards such as the complete Bluetooth v1.1
specification for the BlueStream platform, while the design group is
working on transforming the working designs of Parthus IP into graphical
representations required by silicon manufacturers to produce microchips.
Parthus is the worlds leading supplier of Bluetooth technology.

Parthus was recently named by Gartner Dataquest group as the world's
fastest growing Semiconductor Intellectual Property (SIP) company. Parthus
has a 9% market share of the key communications IP market and more than
doubled its share of the overall SIP market last year.

"We are delighted to establish this new R&D headquarters in
Limerick", said Kevin Fielding, president of Parthus. "This is one of nine
such centres located in Ireland and internationally. Parthus has a
multi-discipline research & development team which allows us to design
complete platform level solutions for our customers thereby affording them
competitiveness in their own product development cycle and vital speed to
market."

"Thanks to our strong links with well respected education centres, such
as the University of Limerick and the Limerick Institute of Technology, we
are able to attract the very best semiconductor design and software
engineers. The basis of our success in the past has been our emphasis on
recruiting high-calibre professionals and today's opening lays the
foundations for our growth in the future."

The communications software team in Limerick evolved from Parthus's
linkage with a former campus company, called Drua Technologies, founded by
a team at the University of Limerick with the support of the National
Technological Park and Shannon Development, the regional development
agency. Drua emerged from EU-sponsored 3rd generation UMTS R&D
activities based at the University's Telecommunications Research Centre. A
contributing factor for the advanced R&D activities was the creation
of the Teltec Programme in Advanced Technology (PAT) by Ireland's State
agency for indigenous industry development, Enterprise Ireland. PAT
initiatives are aimed at commercially harnessing campus expertise to
create new industrial opportunities and solutions.

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Safe Harbor Statement

This document may contain "forward looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. Any "forward looking statements" in this document are subject
to certain risks and uncertainties that could cause actual results to
differ materially from those stated. Any statements that are not
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to the effect that the company or its management "believes," "expects,"
"anticipates," "plans" and similar expressions) should be considered
forward-looking statements. Important factors that could cause actual
results to differ from those indicated by such forward-looking statements
include uncertainties relating to the acceptance of semiconductor
intellectual property offerings, expansion of our business, quarterly
variations in results, and other uncertainties that are discussed in the
"Risk Factors" section of our prospectus dated November 8, 2000, which is
on file with the SEC and the Registrar of Companies in the Republic of
Ireland.