Raging Capital Comments on Shareholder Opposition to Proposed EZchip Merger

Raging Capital Management, LLC, the largest shareholder of EZchip Semiconductor Ltd.

, owning approximately 7.2% of the ordinary shares outstanding, commented today on EZchip's decision to postpone the shareholder vote on the Company's proposed sale to Mellanox Technologies, Ltd.

("Mellanox") and to include a "Go Shop" provision in its agreement with Mellanox.  On November 12, 2015, the day of the Annual General Meeting, EZchip announced that it decided to postpone the vote on its proposed sale to Mellanox.  We believe EZchip postponed the vote because the Company did not obtain the requisite vote of shareholders to approve the ill-advised and undervalued $25.50 per share buyout offer.  Subsequently, EZchip entered into an amended Merger Agreement, which includes a provision to "go-shop" the Company to other potential buyers for thirty days as well as the elimination of the termination fee that would have been payable to Mellanox if EZchip terminates the Merger Agreement to enter into a superior proposal.