Check Point Software Technologies Ltd. Files for Initial Public Offering

Redwood City, CA —

Check Point Software Technologies Ltd. today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 4,200,000 Ordinary Shares, including 3,000,000 Ordinary Shares from the Company and 1,200,000 Ordinary Shares from the Selling Shareholders. The Company and the Selling Shareholders have granted the Underwriters an option to purchase up to 630,000 additional Ordinary Shares for the purpose of covering over-allotments, if any. The offering price is expected to be between $12.00 and $14.00 per share. Goldman, Sachs & Co. is acting as lead manager, and Hambrecht & Quist LLC, Robertson, Stephens & Company, LLC, and Wessels, Arnold & Henderson, L.L.C. are acting as co-managers of the proposed underwriting group.

Check Point Software Technologies Ltd. develops, markets and supports network security software products that enable connectivity with security and manageability.

Copies of the preliminary prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, Level 2C, New York, New York 10004, Phone (212) 902-1000; Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104, Phone (415) 576-3300; Robertson, Stephens & Company, LLC, 555 California Street, 26^th Floor, San Francisco, California 94104, Phone (415) 781-9700 and Wessels, Arnold & Henderson, L.L.C., 901 Marquette Avenue, Suite 2700, Minneapolis, Minnesota 55402-3280, Phone (612) 373-6100.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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