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Parthus Technologies plc Announces Filing For Its Initial Public Offering

Dublin, Ireland - May 4, 2000 - Parthus Technologies plc
("Parthus"), today announced that it has filed a registration statement
with the U.S. Securities and Exchange Commission and submitted draft
listing particulars to the UK Listing Authority for an initial public
offering of 130,000,000 of its ordinary shares in the form of ordinary
shares and American Depositary Shares, with each ADS representing 10
ordinary shares. The estimated price range is 70p to 85p per ordinary
share, or $10.91 to $13.25 per ADS. Of the shares being offered,
111,309,328 will be sold by the company and 18,690,672 by selling
shareholders.

Goldman Sachs International is acting as Global Coordinator, Bookrunner
and Sponsor to the Offering. A syndicate of banks comprising Chase
H&Q, Donaldson, Lufkin & Jenrette and Lehman Brothers will act as
Co-lead Managers.

Parthus develops semiconductor intellectual property targeting the
emerging mobile commerce - or m-Commerce - market, and licenses this
technology to semiconductor and electronic product manufacturers.

A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sales of these
securities in any state in which such offer, solicitation, or sales would
be unlawful prior to registration or qualification under the securities
laws of such state.

A copy of the prospectus relating to these securities may be obtained,
when available, from Goldman, Sachs & Co., Prospectus Department, 85
Broad Street, New York, NY 10004 (Tel: 212-902-1000).

About ParthusCeva,
Inc.