Raging Capital Believes EZchip Worth More than $25.50/Share Offer from Mellanox

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

owning approximately 7.9% of the ordinary shares outstanding, commented today on the Go Shop process that EZchip initiated after the Company postponed the shareholder vote on the Company's proposed sale to Mellanox Technologies, Ltd.

. On November 12, 2015, the day EZchip shareholders were scheduled to vote on the Company's proposed sale to Mellanox, EZchip announced that it decided to postpone the vote on the sale and amend the merger agreement to provide for a thirty day Go Shop period.   We believe the Company postponed the vote since it did not receive the requisite vote at the shareholder meeting it had scheduled in order to approve the ill-advised and undervalued $25.50 per share buyout offer. Despite EZchip's last minute maneuvers, the postponed merger with Mellanox and the establishment of an additional Go Shop provision was a victory for EZchip shareholders.  And while it confirmed