SANTA CLARA, Calif.—(BUSINESS WIRE)—January 4, 2007—

Magma Design Automation Inc. (Nasdaq:
LAVA):

WHO:        Magma Design Automation Inc. (Nasdaq:
LAVA).

WHAT:       Live webcast and conference call to discuss financial
            results for Magma's fiscal 2007 third quarter, ended
            Dec. 31, 2006. The call will be hosted by Rajeev Madhavan,
            chief executive officer; Roy E. Jewell, president and
            chief operating officer; and Peter S. Teshima, chief
            financial officer.

WHEN:       The webcast and conference call will be Thursday,
            Jan. 25, 2007, at 1:30 p.m. PST. Magma will release its
            third-quarter financial results after the market closes
            on Jan. 25.

WEBCAST:    The live webcast will be available online at
            http://investor.magma-da.com/medialist.cfm. A replay of
            the webcast will be available on Magma's website through
            Feb. 1, 2007.

PHONE:      Listen to the live call by telephone at the numbers below:
                U.S. & Canada:  (800) 819-9193
                Elsewhere:      (913) 981-4911

           A telephone replay will be available beginning at 4:30 p.m.
           PST on Jan. 25 until 11:59 p.m. PST on Feb. 1 at the
           numbers below:
                U.S. & Canada:  (719) 457-0820, code #7840619
                Elsewhere:      (888) 203-1112, code #7840619

Magma is a registered trademark of Magma Design Automation Inc.

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Contact:

Magma Design Automation Inc.
Director, Marketing Communications
Monica Marmie, 408-565-7689
Email Contact
Vice President, Corporate Marketing
Milan G. Lazich, 408-565-7706
Email Contact