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Virage Logic Corporation Securities Litigation

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Virage Logic Corporation (NasdaqGM: VIRL) shareholder litigation in connection
with alleged unfair takeover offer

On June 9, 2010, Virage Logic Corporation (Virage” or the “Company”) announced
that it had agreed to sell the Company to Synopsys, Inc. ("Synopsys") (NasdaqGS:
SNPS). Under the terms of the transaction, Virage shareholders will receive $12.00 in
cash for each Virage share of common stock they own for a total transaction value of
approximately $315 million, or approximately $289 million net of the approximately
$25.94 million in cash held by the Company.

The investigation concerns whether the Virage Board of Directors breached their
fiduciary duties to Virage stockholders by failing to adequately shop the Company
before entering into this transaction and whether Synopsys is underpaying for Virage
shares, thus unlawfully harming Virage stockholders. In particular, at least one
analyst set a price target for Virage stock at $15.85 per share and the median price
target set by analysts is $14.43 per share.

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