Parthus Technologies and DSP Group Announce Receipt of Favourable IRS Ruling

Dublin and Santa Clara, Calif. - 15 July 2002 - Parthus
Technologies plc ("Parthus") (LSE: PRH, Nasdaq: PRTH), DSP Group, Inc.
("DSPG") (Nasdaq: DSPG) and Ceva, Inc. ("Ceva") jointly announce that DSPG
has now received a ruling from the United States Internal Revenue Service
that the contribution of the DSP cores licensing business of DSPG to Ceva
and the distribution of the shares of Ceva to the stockholders of DSPG
will be treated as a tax-free transaction for United States federal income
tax purposes.

This ruling satisfies the final pre-condition of the proposed
combination of Parthus with Ceva, announced on 5 April 2002
("Combination"). Accordingly, it is expected that formal documentation in
relation to the Combination will be dispatched to Parthus shareholders in
early August 2002, with completion of the Combination expected during Q3
2002.

The Combination is to be effected by a scheme of arrangement ("Scheme")
and is subject to, inter alia, the approval of the Scheme by shareholders
of Parthus and the sanction of the Scheme by the High Court in Dublin.

Enquiries

Parthus Technologies plc
Elaine Coughlan
Barry Nolan

Tel: +353 1 402 5700

DSP Group, Inc.
Yaniv Arieli, Investor Relations
Tel: +1
408 986 4423

Financial Dynamics
James Melville-Ross/Ben Way
Tel. +44
20 7831 3113

A PDF copy of this press release is also available
here
.

 

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The directors of Parthus accept responsibility for the
information contained in this announcement relating to the Parthus group,
the directors of Parthus, their immediate families, related trusts and
persons connected with them. To the best of the knowledge and belief of
the directors of Parthus (who have taken all reasonable care to ensure
that such is the case), the information contained in this announcement for
which they accept responsibility is in accordance with the facts and does
not omit anything likely to affect the import of such information.

The directors of DSPG and the directors of Ceva accept
responsibility for the information contained in this announcement other
than that relating to the Parthus group, the directors of Parthus, their
immediate families, related trusts and persons connected with them. To the
best of the knowledge and belief of the directors of DSPG and Ceva (who
have taken all reasonable care to ensure that such is the case), the
information contained in this announcement for which they accept
responsibility is in accordance with the facts and does not omit anything
likely to affect the import of such information.

Goldman Sachs International is acting for Parthus and no
one else in connection with the Merger, the Scheme and the Capital
Repayment (as such terms were defined for the purposes of the announcement
of the Merger made on 5 April 2002) and will not be responsible to any
other person for providing the protections offered to clients of Goldman
Sachs International, or for providing advice in relation to the Merger,
the Scheme and the Capital Repayment.

Morgan Stanley & Co. Limited is acting for DSPG and
Ceva and no one else in connection with the Merger and the Scheme and will
not be responsible to anyone other than DSPG and Ceva for providing the
protections offered to clients of Morgan Stanley, nor for providing advice
in relation to the Merger and the Scheme.

This announcement does not constitute an offer to sell or
issue, or a solicitation of any offer to purchase or subscribe for any
shares in DSPG, Ceva or Parthus nor shall it form the basis of, or be
relied upon in connection with, any contract for such purchase or
subscription. No representation or warranty, express or implied, is made
or given by DSPG, Ceva or Parthus as to the accuracy or completeness of
the information or the opinions contained in this announcement and no
liability is accepted for any such information or opinions.