Exar CEO Quits

FREMONT, Calif. -- Exar Corporation (Nasdaq: EXAR - News), a leading provider of high-performance, mixed-signal silicon solutions for the worldwide communications infrastructure, today announced that Dr. Roubik Gregorian has resigned as Chief Executive Officer and President of the Company and as a member of the Board of Directors. Dr. Gregorian will remain with the Company in an advisory role through mid-May, 2007 to provide assistance with transition issues.

"I would like to thank Roubik for his significant contributions to our business during his tenure," said Richard L. Leza, Chairman of the Board. "Roubik has demonstrated success and vision in the technology area. We wish him the best of luck in his future endeavors." Richard L. Leza, the Chairman of the Board, will assume, on an interim basis, the duties of Chief Executive Officer and President, effective immediately. The Board of Directors will immediately commence a search for a permanent replacement for the Chief Executive Officer and President.

Mr. Leza will continue to serve as Chairman of the Board and a member of the Strategic Committee, which will now be chaired by John McFarlane. Mr. Leza will no longer be a member of the Audit Committee and will be replaced by Mr. Pete Rodriguez, who also chairs the Compensation Committee.

Exar Corp. (Nasdaq: EXAR)