THE SHEARWATER GROUP RELOCATES CORPORATE OFFICES

DALLAS, Texas, February 15, 2003 — The Shearwater Group, the leading worldwide independent provider of EDA solutions, today announced its relocation of its Hawaiian offices to Dallas, Texas.

Texas is one of the largest producers of semiconductors in the world. With the change to Dallas, the new office is right in the middle of some of The Shearwater Group's most valued customers. While the Hawaii office was a terrific location as a bridge between US locations and the Asia-Pacific sales teams, travel could sometimes be more difficult.

The Shearwater Group's new corporate headquarters can be reached at:

The Shearwater Group, Inc.
2617 Fairmount Street
Dallas, Texas 75201
Phone: (214) 397-0040
Fax: (214) 397-0080
Email: sales@shearwater.com

About The Shearwater Group
The Shearwater Group is the leading worldwide distributor of Engineering Design Automation (EDA) software applications. Established in 1991, the company maintains offices and distribution in all of the major integrated circuit design regions worldwide. Our offices provide our customer base of over 500 chip companies with superior sales and support coverage conveniently in the local language.

Contacts:
The Shearwater Group
George Chandler
President/CEO
(214) 397-0040
george@shearwater.com