Parthus Technologies Announces the Initial Public Offering Price of its Ordinary Shares and ADSs

Dublin, Ireland - May 19, 2000 - Parthus Technologies plc
("Parthus") today announced that shares offered in its initial public
offering (the "Offering") will be priced at £0.85 per ordinary share
($12.60 per American Depositary Share, each representing 10 ordinary

130,000,000 shares have been allocated to institutional and retail
investors as part of the Offering. Of the shares offered, 111,309,328 were
sold by the company and a further 18,690,672 by selling shareholders. The
company expects to receive proceeds, net of underwriting discounts and
expenses, of approximately $130,978,332. Goldman Sachs International is
acting as Global Coordinator. Parthus has appointed a syndicate of banks
to assist Goldman Sachs International in the Offering, which comprises
Chase H&Q, Donaldson, Lufkin & Jenrette and Lehman Brothers. In
addition, certain selling shareholders have granted the underwriters an
option over a further 19,500,000 shares to cover over-allotments, if any.

The net proceeds of the offering are intended to be used to expand the
company's research and development capabilities, increase its sales and
marketing force, further expand information systems, potential
acquisitions and general working capital purposes.

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).

Parthus develops semiconductor intellectual property solutions
targeting the emerging mobile commerce - or m-Commerce - market. Using
proprietary intellectual property and advanced design methodologies,
Parthus provides its customers with comprehensive solutions that deliver
innovative features and high performance at a cost that makes wireless
Internet devices attractive to consumers. Parthus provides these solutions
under license at the platform level, as part of product development
contracts and in silicon chip form.

ParthusCeva, Inc.


This press release shall not constitute an offer to sell
or a solicitation of an offer to buy nor shall there be any sale of
Parthus' ordinary shares or ADSs in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state
or jurisdiction.