Mentor Graphics Shareholders Elect Five Management Nominees and Three Carl Icahn Nominees to the Board of Directors

Mentor Graphics Corp. MENT today announced that, based on preliminary estimates provided by its proxy solicitor, shareholders have elected five management director nominees and three of Carl Icahn's nominees. In addition, shareholders approved all five of Mentor Graphics' proposals on the agenda at the Annual Meeting. The company expects to announce the final results of the election following the official tabulation of voting at the meeting from the Inspector of Elections, IVS Associates, Inc. The Inspector of Elections has indicated that it will take approximately one week to complete the tabulation. Assuming that final results confirm the preliminary estimates, Mentor Graphics' five continuing directors, Walden C. Rhines, Gregory K. Hinckley, Sir Peter L. Bonfield, Patrick B. McManus and Kevin C. McDonough, will be joined by Jose Maria Alapont, Gary Meyers and David Schechter.