Mellanox Lists Shares in Tel Aviv

SANTA CLARA, Calif. and YOKNEAM, Israel -- Mellanox Technologies, Ltd. (NASDAQ:MLNX), a leading supplier of semiconductor-based server and storage interconnect products, today announced that the company has obtained approval to list its ordinary shares for trading on the Tel-Aviv Stock Exchange (TASE). Trading on TASE will commence on July 9 under the symbol MLNX. Mellanox Technologies’ ordinary shares will continue to be listed and traded on the NASDAQ Global Market under the ticker symbol MLNX. Mellanox Technologies will continue to be subject to all the rules and regulations of the NASDAQ Global Market and the U.S. Securities and Exchange Commission.

"By listing our shares on TASE we believe that we will enable Israeli investors, in particular institutional investors, to take part in our success and overcome various restrictions and time-difference issues that currently limit their ability to trade shares of companies listed on foreign exchanges," said Eyal Waldman, chairman, president and CEO of Mellanox Technologies.

Potential additional advantages of TASE dual listing status may include longer trading hours and lower trading costs for Israeli investors. The company’s management does not anticipate any significant changes associated with this dual listing activity, since the TASE reporting requirements are nearly identical to those of the U.S. Securities and Exchange Commission.

Mellanox Technologies Ltd.