2008

May 22, 2008

Voltaire Announces 2008 Annual Shareholders Meeting on June 30, 2008

Billerica, Mass. and Herzeliya, Israel -- May 22, 2008 – Voltaire Ltd. (NASDAQ: VOLT) (the “Company”), today announced that the 2008 annual meeting of its shareholders (the “Annual Meeting”) will be held on June 30, 2008, at 4:00 p.m., Israel time, at the offices of the Company at 9 Hamenofim Street, Building A, Herzeliya, Israel. The Annual Meeting is being called for the following purposes:

	(1)	to elect Mr. Yoram Oron, Mr. Nechemia (Chemi) J. Peres and Mr. Eric Benhamou, as Class I directors, each to serve for a three-year term, pursuant to the Articles of Association of the Company;
	(2)	to approve the terms of a new compensation package with Mr. Miron (Ronnie) Kenneth, the Company's Chief Executive Officer and Chairman of the Board of Directors;
	(3)	to approve the grant to Mr. Miron (Ronnie) Kenneth, as of the date of the Annual Meeting (the "Grant Date"), of options to purchase 100,000 ordinary shares of the Company under the Company's 2007 Incentive Compensation Plan, at an exercise price equal to the closing price of the Company’s ordinary shares on the Grant Date;
	(4)	To increase the number of shares reserved for issuance under the Company’s 2007 Incentive Compensation Plan by 400,000 shares;
	(5)	to approve an amendment to the Company's Non-Employee Director Compensation Plan;
	(6)	to approve the reappointment of Kesselman & Kesselman, a member of PricewaterhouseCoopers International Ltd., as the Company's independent registered public accounting firm for the year ending December 31, 2008 and until the 2009 annual meeting of shareholders, and to authorize the Board of Directors, upon recommendation of the audit committee, to determine their annual compensation;
	(7)	to report on the business of the Company for the year ended December 31, 2007, including review of the Company’s 2007 financial statements; and
	(8)	to act upon such other matters as may properly come before the meeting or any adjournment or postponement thereof.

In each case, the affirmative vote of the holders of a majority of the voting power represented at the Annual Meeting in person or by proxy and voting thereon (excluding abstentions) is necessary for the approval of each proposal.

Only shareholders who hold ordinary shares of the Company at the close of business on May 30, 2008, are entitled to notice of, and to vote at, the Annual Meeting, or at any adjournment or postponement thereof.

Current proof of ownership of the Company’s shares, as well as photo identification, must be presented in order to be admitted to the Annual Meeting. If your shares are held in the name of a bank, broker or other holder of record, you must bring a current brokerage statement or other proof of ownership with you to the Annual Meeting.

Pursuant to the Company’s Articles of Association, the quorum required for the Annual Meeting consists of at least two shareholders present, in person or by proxy, who hold or represent between them at least 25% of the voting power in the Company. If a quorum is not present within thirty minutes from the time appointed for the Annual Meeting, the Annual Meeting shall stand adjourned to the same day at the same time in the following week, and the Company shall not be obligated to give notice to the shareholders of the deferred meeting. At the deferred meeting, all matters which were to be discussed during the Annual Meeting shall be discussed, provided at least two shareholders are present in person or by proxy and hold shares representing in the aggregate at least 10% of the voting power in the Company.

A proxy statement describing the various matters to be voted upon at the Annual Meeting along with a proxy card enabling shareholders to indicate their vote on each matter, and an annual report and financial statements will be mailed on or about June 4, 2008 to all shareholders entitled to vote at the Annual Meeting. Such proxy statement will also be filed with the U.S. Securities and Exchange Commission under cover of a Form 6-K and will be available on the Company’s website www.voltaire.com. Signed proxy cards must be received by the Company at its offices, or by its transfer agent no later than two (2) hours before the time fixed for the Annual Meeting or be presented to the Chairperson of the Annual Meeting at such meeting in order for such proxy vote to be cast at the Annual Meeting.

In accordance with the Israeli Companies Law-1999, shareholders wishing to express their position on an agenda item for the Annual Meeting may do so by submitting a written statement to the Company’s office at the above address no later than June 9 , 2008.

If you hold your shares through a bank, broker or other nominee which is a shareholder of record of the Company or which appears in the participant list of a securities depository, you may also vote your shares over the Internet or by telephone in accordance with the instructions set forth on your proxy card.

About Voltaire Ltd.

Voltaire Ltd. (NASDAQ: VOLT) designs and develops server and storage switching and software solutions that enable high-performance grid computing within the data center. Voltaire refers to its server and storage switching and software solutions as the Voltaire Grid BackboneTM. Voltaire's products leverage InfiniBand technology and include director-class switches, multi-service switches, fixed-port configuration switches, Ethernet and Fibre Channel routers and standards-based driver and management software. Voltaire's solutions have been sold to a wide range of end customers including governmental, research and educational organizations, as well as enterprises in the manufacturing, oil and gas, entertainment, life sciences and financial services industries.
Founded in 1997, Voltaire Ltd. is headquartered in Herzeliya, Israel, and has its U.S. headquarters in Billerica, Massachusetts.

Media & Analyst Contact Christy Lynch
978.439.5407
christyl@voltaire.com