Dublin, Ireland - Monday, October 23rd, 2000 - Parthus Technologies plc
(Nasdaq: PRTH; LSE: PRH) today announced that it is considering a
follow-on offering of approximately $200 million, comprised principally of
secondary shares to be sold by financial investors and by management
selling a small proportion of their shares. The purpose of the offering is
to enhance liquidity in Parthus shares on both the London Stock Exchange
and NASDAQ as well as allow for the orderly sale of shares by existing
shareholders, all of whom remain fully committed to Parthus. In addition,
each of the selling shareholders has agreed to a further 180-day lock-up
after the offering. The Company also expects to raise a small amount of
new equity in order to finance its accelerated growth plans and global
expansion. While it is expected that the offering could take place later
in this quarter, the exact timing and size of any offering would be
subject to market conditions.

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This press release does not constitute an offer
to sell, or the solicitation of an offer to buy nor shall there be any
sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. No
money, securities or other consideration is being solicited by this press
release or the information contained herein and, if sent in response to
this press release or the information contained herein, will not be
accepted.