Stull, Stull & Brody
Announces Class Action Against Zoran Corporation

NEW YORK, August 23, 2006 — Notice is hereby given that a class action has been filed in the United States District Court for the Northern District of California on behalf of shareholders who received any or all of the Zoran Corporation (“Zoran” or the “Company”) (NASDAQ: ZRAN) Definitive Proxy Statements dated April 30, 1999 through May 1, 2006.

The Complaint charges that Zoran and certain of its directors violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), and Rule 14a-9 promulgated thereunder. More specifically, the action alleges that between July 1998 and September 2001 certain Zoran senior executives were granted unlawfully backdated stock options at the direct expense of Zoran shareholders and in violation of Generally Accepted Accounting Principles (“GAAP”) and the Internal Revenue Code. Defendants grant of those backdated stock options, and their subsequent solicitation of proxies, consent and authorization from Zoran shareholders, violated the Exchange Act.

If you are a member of the class, you may request that the Court appoint you as lead plaintiff by no later than sixty days from today. 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 Stull, Stull & Brody, or other attorneys of your choice, to serve as your counsel in this action. Stull, Stull & Brody has significant experience and expertise in prosecuting class actions on behalf of investors and, over the past 30 years, has obtained court approval of substantial settlements on numerous occasions.

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 Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

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