Shareholder Class Action Filed Against Marvell Technology Group Ltd. By The Law Firm of Schiffrin & Barroway, LLP

18 October 2006

The following statement was issued today by the law firm of Schiffrin & Barroway, LLP:

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Northern District of California on behalf of all common stock purchasers of Marvell Technology Group Ltd. (Nasdaq: MRVL) ("Marvell" or the "Company") from February 24, 2005 through October 2, 2006, inclusive (the "Class Period").

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll-free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com.

The complaint charges Marvell and certain of its officers and directors with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that Marvell purposely concealed the true dates of stock option grants; (2) that the Company's financial statements were presented in violation of Generally Accepted Accounting Principles; (3) that the Company lacked the necessary personnel and controls to issue accurate financial reports and projections; and (4) that, as a result of the foregoing, Marvell's financial results were materially overstated at all relevant times and the Company's statements regarding its prospects were lacking in any reasonable basis when made.

On July 5, 2006, before the market opened, Marvell shocked investors when the Company announced that it had received a letter of informal inquiry from the SEC requesting certain documents relating to the Company's stock option grants and practices, and a grand jury subpoena from the office of the United States Attorney for the Northern District of California requesting substantially similar documents. On this news, shares of Marvell dropped $3.53, or 7.9 percent, to close, on July 5, 2006, at $41.31 per share, on heavy trading volume. On October 2, 2006, after the market closed, Marvell further stunned investors when the Company announced that it would restate historical financial statements to record additional non-cash charges for stock-based compensation expense related to certain past option grants. The Company reported that the financial statements and all earnings press releases and similar communications issued by the Company relating to periods beginning on or after its initial public offering in June 2000 should no longer be relied upon. On this news, shares of Marvell shed an additional $2.29, or 12.0 percent, to close, on October 3, 2006, at $16.80 per share, on unusually heavy trading volume.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, which prosecutes class actions in both state and federal courts throughout the country. Schiffrin & Barroway is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. For more information about Schiffrin & Barroway, or to sign up to participate in this action online, please visit http://www.sbclasslaw.com.

If you are a member of the class described above, you may, not later than December 5, 2006, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Schiffrin & Barroway, or other counsel of your choice, to serve as your counsel in this action.

CONTACT: Schiffrin & Barroway, LLP

Darren J. Check, Esq.

Richard A. Maniskas, Esq.

280 King of Prussia Road

Radnor, PA 19087

1-888-299-7706 (toll-free) or 1-610-667-7706

Or by e-mail at info@sbclasslaw.com

Source: prnewswire

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