News / Announcements

04/03/2010

Notice Regarding Tax Aspects of the Valor Merger Transaction
Notice Regarding to a Certain Tax Aspect of the Valor Computerized Systems Merger Transaction

Yavne, Israel – March 4, 2010 – Notice is hereby given that on March 4, 2010, Valor Computerized Systems [Prime Standard: VCR, WKN 928731], received a tax ruling from the Israeli Tax Authorities with regard to the Merger Transaction between Valor and VR Acquisition Ltd. (a company formed under the laws of the State of Israel and a wholly owned subsidiary of Mentor Graphics (Netherlands) BV, a corporation formed under the laws of the Netherlands which is a wholly owned subsidiary of Mentor Graphics Corporation, an Oregon, U.S.A. corporation) (the "Ruling") which, inter alia, enables Valor's shareholders to elect that the provisions of Section 104H of the Israeli Income Tax Ordinance (the "ITO") shall apply to the equity portion of the Merger Consideration they shall receive under the Merger Transaction, and which shall enable such electing shareholders to defer their obligation to pay tax under Israeli law and with regard to equity portion of the Merger Consideration they shall receive under the Merger Transaction in accordance with and subject to the terms and conditions of the ITO and the Ruling.

Any shareholder interested in applying Section104H to the equity portion of the Merger Consideration it shall receive under the Merger Transaction, must submit a request to the Israeli Tax Authority, department of Mergers and Spin-offs, as soon as possible (considering the fact that further action shall be required from such shareholder) and in any event by no later than March 18, 2010.

For further and more comprehensive information with this regard, please contact:

Valor Corporate
Mr. Alon Erlich
alon.erlich@valor.com
Tel: +972-(0)8-943-2430

Certain statements included herein are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include statements regarding the size and timing of the proposed offering. These forward-looking statements are only predictions based on our current expectations and projections about future events. Many factors, including those indicated in the press release, as well as general market conditions, could impact the realization of these forward-looking statements. Valor wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. Valor does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made.

05/02/2010

Notice regarding the filing of a Petition to the Israeli Courts and the Holding of a Hearing on the Petition on February 16, 2010
Notice regarding the filing of a Petition to the Israeli Courts and the Holding of a Hearing on the Petition on February 16, 2010

04/02/2010

Resolution of Valor Shareholders Meeting

Yavne, Israel – February 3, 2010 - Valor Computerized Systems [Prime Standard: VCR, WKN 928731], announces that in a special shareholders meeting that was held today the shareholders of Valor approved all items on the agenda, including the Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 12, 2009 by and among Valor, Mentor Graphics (Netherlands) BV (“Mentor”), a corporation formed under the laws of the Netherlands which is a wholly owned subsidiary of Mentor Graphics Corporation, an Oregon, U.S.A. corporation, and VR Acquisition Ltd., a company formed under the laws of the State of Israel and a wholly owned subsidiary of Mentor; and (b) the transactions contemplated by the Merger Agreement, including the merger of VR Acquisition Ltd. Into Valor in a court-approved arrangement between Valor and its shareholders under the provisions of Sections 350 and 351 of the Israeli Companies law, 5759 - 1999, so that Valor will become a wholly owned subsidiary of Mentor, and including the inherent capital reduction of Valor as a result thereof.

It should be noted that the actual merger contemplated under the Merger Agreement is pending, inter alia, the completion of all conditions precedent to such merger in accordance with the terms of the Merger Agreement (or the waiver thereof) and the approval of the Israeli courts of such Merger.