Borland Software Corporation (the “Company”) has commenced an offer to purchase for cash (the “Offer”) up to all of the aggregate principal amount outstanding under its 2.75% Convertible Senior Notes due 2012 (the “Notes”). The terms and conditions of the Offer are set forth in the Notice of Fundamental Change and Offer to Repurchase dated August 3, 2009 (the “Offer to Repurchase”) and the related Letter of Transmittal (the “Letter of Transmittal”) distributed to holders of Notes. The tender offer is being made pursuant to the repurchase requirements of the Indenture, by and between Borland Software Corporation and U.S. Bank National Association as Trustee, under which the Notes were issued.

The Company is offering to purchase the Notes at a price equal to 100% of the principal amount of the Notes being repurchased, plus accrued and unpaid interest up to, but excluding, the date the Notes are purchased pursuant to the Offer (the “Repurchase Price”). The Offer will expire at 5:00 p.m., New York City time, on August 31, 2009, unless the Offer is extended by the Company (as it may be extended, the “Expiration Date”). The Company is providing Holders the opportunity to receive early payment of the Repurchase Price by tendering into the Offer at or prior to 5:00 p.m., New York City time, on August 7, 2009 (the “Early Participation Date”). The Company will repurchase Notes tendered at or prior to the Early Participation Date as soon as practicable after the Early Participation Date. The Company will repurchase Notes tendered at or prior to the Expiration Date as soon as practicable after the Expiration Date.

Holders can withdraw notes previously surrendered for repurchase at any time at or prior to the Early Participation Date (with respect to notes tendered for repurchase on the Early Participation Date) or the Expiration Date.

The Offer is not subject to any condition other than such repurchase being lawful and the satisfaction of the procedural requirements described in the Offer to Repurchase.

U.S. Bank National Association is the Depositary for the Offer. Holders with questions regarding the Offer may contact U.S. Bank National Association at (800) 934-6802.

None of Borland Software Corporation, its Board of Directors or the Depositary is making any recommendations to holders of Notes as to whether to tender or refrain from tendering their Notes in the tender offer. Holders of Notes must decide how many Notes they will tender, if any.

This press release is for informational purposes only and does not constitute an offer to purchase nor a solicitation for acceptance of the Offer described above. The complete terms and conditions of the Offer are set forth in the Offer to Repurchase and Letter of Transmittal that has been distributed by the Trustee. Holders are urged to read the Offer documents carefully. Holders may obtain copies of the Offer to Repurchase and Letter of Transmittal free of charge by contacting the Depositary at the number listed above.

About Borland Software Corporation

Founded in 1983, Borland Software Corporation is the leading vendor of Open Application Lifecycle Management (ALM) solutions — open to customers’ processes, tools and platforms — providing the flexibility to manage, measure and improve the software delivery process. Borland was acquired by Micro Focus (US), Inc. on July 27, 2009. To learn more about maximizing the business value of software, and the combined company visit http://www.microfocus.com.

Forward Looking Statements

This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks, uncertainties and other factors, including statements concerning Borland Software Corporation’s expectations regarding the terms of the Offer and commencing and completing the Offer. There can be no assurance that the Offer will be completed or that it will not be amended or withdrawn. These risks, uncertainties and other factors, and the general risks associated with Borland Software Corporation’s business as described in reports and other documents filed with the U.S. Securities and Exchange Commission (the “SEC”), could cause actual results to differ materially from those referred to in the forward-looking statements. The reader is urged to carefully review and consider various disclosures made by the Company in its Annual Report on Form 10-K and in its reports on Forms 10-Q and 8-K filed with the SEC. The reader is cautioned not to rely on these forward-looking statements. All forward-looking statements are based on information currently available to Borland Software Corporation and Borland Software Corporation assumes no obligation to update any such forward-looking statements or other statements included in this press release.

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