Cadence Raises Purchase Price for Quickturn to $15 Per Share.

SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 5, 1999

Cadence Rejects Auction by Proposed Mentor Nominees to

Quickturn Board

Cadence Design Systems, Inc. (NYSE:CDN) and Quickturn Design Systems, Inc. (NASDAQ:QKTN) today announced that they have amended their merger agreement to increase from $14 to $15 the amount of Cadence stock that Quickturn stockholders will receive for each Quickturn share.

"We increased our price to end the uncertainty and clarify a confusing situation for Quickturn stockholders," said Jack Harding, president and CEO of Cadence. "This is a firm agreement for 100% of Quickturn's stock. We have absolutely no interest in taking part in an auction conducted by Mentor's nominees to the Quickturn board."

Further, Cadence cautioned that completion of the merger transaction with Quickturn will be severely imperiled if Quickturn stockholders vote to replace Quickturn's current board of directors with Mentor's nominees at the special meeting of Quickturn stockholders on Friday, January 8, 1999. Mentor has stated that if its nominees are elected, it wants to conduct a due diligence examination of non-public Quickturn information. Any such sharing of non- public information would involve a breach, or require termination, of the Quickturn/Cadence merger agreement.

Under such circumstances, Mentor may also be in a position to block any pooling of interests transaction, including the proposed merger with Cadence. Obtaining pooling of interests accounting treatment is an expressed condition of the Cadence/Quickturn transaction.

"There is great risk to our merger if Mentor's nominees are elected," added Harding. "We will not proceed with Quickturn if a pooling of interests is blocked or if Quickturn is forced to share confidential information with Mentor -- its fiercest competitor."

Keith R. Lobo, president and CEO of ...

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