Vinod K. Agarwal, President & Chief Executive Officer

1. Vinod K. Agarwal, President & Chief Executive Officer

2. LogicVision Business The Leading Provider of Embedded Test Intellectual Property and Software for Complex Semiconductors

3. Customer Validation

4. Semiconductor Test Challenges Design & Test System & Test Fabrication & Test • Hundreds of millions of transistors • 12-18 months design time • .13 micron technology • 300 mm fab lines • 25,000 wafers a month • Routers, switches, cell phones, base stations, PDAs EXPENSIVE SLOW

5. Logic Test Memory Test Cores Test PLL Test At-Speed Interconnect Test External Memory Test Embedded Test Clock Analysis Generation Integration Access Embedded Test IP (Embedded Testers) Software LV Ready • Testers • Database

6. Enormous and Immediate ROI! Compelling Value Proposition Traditional Test LogicVision Test Capital Cost 30x 1x Test Time 2x 1x Yield .96x 1x Diagnostics Time 500x 1x

7. WW ASSP & Cell Based ASIC Design Starts (LogicVision/Dataquest, September 2001)

8. Quarterly Revenue Growth Dec FY End (US$ in 000s)