Borland Receives Nasdaq Delisting Notice Due to Delayed Form 10-Q

Borland Receives Nasdaq Delisting Notice Due to Delayed Form 10-Q

Borland Software Corporation (NASDAQ: BORL), today announced that on November 17, 2006, Borland Software Corporation (”Borland”) received a notice from the staff of The Nasdaq Stock Market stating that Borland is not in compliance with Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2006. The notice is automatically generated by Nasdaq and indicated that, unless Borland requests an appeal of this determination, trading of Borland’s common stock will be suspended at the opening of business on November 28, 2006.

Borland intends to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2006 with the SEC shortly. The Form 10-Q can be found at http://www.sec.gov when filed. Borland intends to request a hearing before a Nasdaq Listing Qualifications Panel (the “Panel”) to appeal the Nasdaq staff’s determination. The hearing request will automatically stay the delisting of Borland’s common stock pending the Panel’s decision. There can be no assurance, however, that the Panel will grant Borland’s request or that Borland’s common stock will not be delisted.

About Borland: Founded in 1983, Borland (NASDAQ: BORL) is a global leader in application lifecycle management (ALM), providing solutions that make software delivery a more manageable, efficient and predictable business process. Borland provides the software, services and training that enable companies to achieve Software Delivery Optimization and maximize the business value of software. To learn more about delivering quality software, on time and within budget, visit http://www.borland.com.

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