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Mentor Graphics Names New Treasurer

WILSONVILLE, Ore., November 15, 2006 – Mentor Graphics Corporation (Nasdaq: MENT) today named Ethan Manuel company treasurer and officer. Manuel was for the last four years Mentor’s director of financial planning and analysis.

Manuel has worked at Mentor Graphics since 1999, when he joined the company as senior financial analyst. Prior to that, he was a financial analyst at PacifiCorp. He has a B.A. in Economics from Reed College and an M.B.A. from the University of Oregon.

“Ethan has provided enormous value in his prior roles at Mentor, and we believe he brings many strengths to his new position,” said Gregory K. Hinckley, president, Mentor Graphics Corporation. “We think this is a good fit for him and for Mentor.”

Manuel replaces former treasurer Arun Arora, who has resigned for personal reasons.

About Mentor Graphics
Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of about $750 million and employs approximately 4,100 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)
For more information, please contact:
Ryerson Schwark
Mentor Graphics
503.685.1660
ry_schwark@mentor.com

Suzanne Graham
Mentor Graphics
503.685.7789
suzanne_graham@mentor.com