Kobi Rozengarten Appointed to Saifun Semiconductors' Board of Directors

NETANYA, Israel, March 8, 2006 - Saifun Semiconductors Ltd. (NASDAQ: SFUN), a leading provider of intellectual property solutions for the non-volatile memory (NVM) market, today announced that effective immediately, Kobi Rozengarten, President, has been appointed to serve on the Board of Directors.

Commenting on the appointment, Founder, Chairman and CEO, Dr. Boaz Eitan, said, “We are pleased to welcome Kobi to our Board.  Through the years, Kobi has been the architect of our business model, while demonstrating strong leadership, deep experience and the vision needed to drive Saifun as a world-leading company.  This appointment recognizes Kobi’s contribution to our company’s success and he will be a valuable asset to Saifun’s already strong board.”

Mr. Rozengarten joined Saifun in 1997.  Mr. Rozengarten’s experience includes senior level management positions at Micro-Swiss Ltd., a subsidiary of Kulicke and Soffa Industries, Inc., and Elbit Computer Ltd.   Mr. Rozengarten holds a M.Sc. in Industrial Management and a B.Sc. in Industrial Engineering from the Technion – The Israel Institute of Technology.