Parthus Technologies Plc follow-on offering priced at £2.10 per Ordinary Share / $30.05 per ADS

Dublin, Ireland - Wednesday, November 8, 2000: Parthus
Technologies plc (LSE: PRH, Nasdaq: PRTH) ("Parthus") today announced that
it has priced a follow-on offering of 55,000,000 ordinary shares
(including shares represented by American Depositary Shares) ("Shares"),
comprising 46,699,295 existing Shares to be sold by selling shareholders
and 8,300,705 new Shares to be sold by the Company. The offering was
priced at £2.10 per ordinary share ($30.05 per American Depositary Share,
each representing ten ordinary shares). Goldman Sachs International acted
as sole global coordinator, sole lead manager and bookrunner of the
follow-on offering, and the co-lead managers were Chase H&Q, Lehman
Brothers and Robertson Stephens. Davy Stockbrokers was the local selling
agent in Ireland.

The net proceeds to Parthus will be approximately £15.5 million after
costs and expenses. The Company expects to use the proceeds for the
following purposes: (i) to continue to acquire complementary businesses;
(ii) to fund additional research and product development; and (iii) for
general working capital.

Brian Long, Chief Executive Officer, Parthus Technologies plc,
commented: "The strong response we have received over the past week has
been extremely encouraging, particularly in light of the recent stock
market volatility in the US and the UK."

Parthus develops semiconductor intellectual property solutions
targeting the emerging Mobile-Internet 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 portfolio and platform levels, as part of product
development contracts, and in silicon chip or printed circuit board form.


A written prospectus meeting the requirements of Section 10 of the
Securities Act of 1933 may be obtained, in the US, from Goldman, Sachs
& Co., Prospectus Department, 85 Broad Street, New York, NY 10004
(Tel: 1-212-902-1000).


About ParthusCeva, Inc.

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ParthusCeva, Inc.

A PDF copy of this press release is also available


This press release, which has been issued by
and is the sole responsibility of Parthus Technologies plc, has been
approved solely for the purposes of Section 57 of the Financial Services
Act 1986 by Goldman Sachs International, regulated in the UK by The
Securities and Futures Authority Limited. Goldman Sachs International is
acting as financial adviser to Parthus Technologies plc and no one else in
connection with the offering and will not be responsible to any other
person for providing the protections afforded to customers of Goldman
Sachs International or for providing advice in relation to the offering.

This press release shall 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.