Mellanox Technologies Officers Adopt 10b5-1 Stock Trading Plans

SANTA CLARA, CA. and YOKNEAM, ISRAEL August 7, 2007 Mellanox™ Technologies, Ltd. (NASDAQ: MLNX; TASE: MLNX), a leading supplier of semiconductor-based, server and storage interconnect products, today announced that Eyal Waldman, chairman, president and CEO, and Michael Gray, chief financial officer, have each adopted a stock trading plan to sell a portion of their shares of the company in an orderly manner.  Each plan adopted is in accordance with the guidelines specified by Rule 10b5-1 under the Securities and Exchange Act of 1934.

Rule 10b5-1 permits corporate officers, directors and others to adopt written, pre-arranged stock trading plans when they are not in possession of material, non-public information.  Using these plans, insiders may gradually diversify their investment portfolios and spread stock trades over a period of time regardless of any material, non-public information they may receive after adopting their plans.   In accordance with 10b5-1 rules, Mr. Waldman and Mr. Gray will have no discretion over sales under their respective plans.   

Under Mr. Waldman’s plan, Waldo 2 Holdings, a general partnership of which Mr. Waldman is a general partner, may sell up to 632,000 shares, subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence in October 2007 and would be completed by September 2008.  The 632,000 shares available for sale under the plan represent approximately 17 % of the total number of ordinary company shares held by Mr. Waldman, including shares subject to stock options which are exercisable while the plan is in effect.  The sales by Mr. Waldman under his plan are intended to diversify his holdings and to help meet estate planning goals.  All transactions under the plan will be disclosed  through Form 144 and Form 4 filings with the Securities and Exchange Commission as required by applicable securities laws.

Under his plan, Mr. Gray may sell up to 125,000 shares from the exercise of Non-Qualified employee stock options and from the sale of shares held through his family trust for which Mr. Gray is a trustee, subject to satisfaction of certain conditions.  If the conditions are met, sales under the plan may commence in September 2007 and would be completed by August 2008.  The 125,000 shares available for sale under the plan represent approximately 54 % of the total number of ordinary company shares held by Mr. Gray, including shares subject to stock options which are exercisable while the plan is in effect.  The sales by Mr. Gray under his plan are intended to diversify his holdings and to help meet estate planning goals.  All transactions under the plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission as required by applicable securities laws.

About Mellanox
Mellanox Technologies is a leading supplier of semiconductor-based, high-performance, InfiniBand and Ethernet connectivity products that facilitate data transmission between servers, communications infrastructure equipment and storage systems. The company’s products are an integral part of a total solution focused on computing, storage and communication applications used in enterprise data centers, high-performance computing and embedded systems.

Founded in 1999, Mellanox Technologies is headquartered in Santa Clara, California and Yokneam, Israel. For more information, visit Mellanox at www.mellanox.com.

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For more information:
Mellanox Technologies
Brian Sparks
408-970-3400
media@mellanox.com


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