Mellanox Chairman and CEO Adopt 10b5-1 Stock Trading Plans

Mellanox Technologies, Ltd. 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 289,969 shares, subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence in November 2009 and would be completed by November 2010. 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 77,000 shares from the exercise of Non-Qualified employee stock options, subject to satisfaction of certain conditions. If the conditions are met, sales under the plan may commence in November 2009 and would be completed by September 2010. 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.