SANTA CLARA and PALO ALTO, Calif., June 13, 2006 -- Verigy Ltd. today announced its initial public offering of 8.5 million shares of common stock, priced at $15.00 per share. Verigy, the semiconductor test business recently separated from Agilent Technologies Inc. (NYSE: A), will be listed on the NASDAQ National Market beginning today, under the ticker symbol VRGY. Goldman, Sachs & Co. acted as lead manager; Credit Suisse Securities (USA) LLC acted as co-lead manager; and SG Cowen & Co. LLC and Thomas Weisel Partners LLC acted as co-managers.

All of the shares are being sold by Verigy Ltd. The company has granted the underwriters an option to purchase an additional 1,275,000 shares to cover over-allotments, if any. The offering is expected to close on June 16, 2006.

After the offering, Verigy will have approximately 58.5 million ordinary shares outstanding, with Agilent owning approximately 85.5 percent of those shares. Agilent has announced that it plans to distribute the Verigy ordinary shares it holds to the holders of Agilent's common stock by October 31, 2006, the end of its fiscal year. The exact distribution formula and record date to qualify for the distribution will be determined at a future date.

A prospectus relating to these securities may be obtained by writing to or telephoning the underwriters:

Goldman, Sachs & Co.
Attn: Prospectus Department
85 Broad Street
New York, NY 10004-2408
Telephone: +1 212 902 1000

Credit Suisse Securities (USA) LLC
Prospectus Department
One Madison Avenue
New York, NY 10010
Telephone: +1 212 325 2580

About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 19,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.1 billion in fiscal 2005. Information about Agilent is available on the Web at www.agilent.com.

About Verigy
Verigy designs, develops, manufactures and sells advanced test systems and solutions for the semiconductor industry. Verigy comprises the semiconductor test business being spun off from Agilent Technologies. The company began doing business as Verigy on June 1, 2006. Information about Verigy can be found at www.verigy.com.

Forward-Looking Statements
This news release contains a number of forward-looking statements that involve risks and uncertainties. These forward-looking statements include, but are not limited to, statements regarding Agilent Technologies’ intention to distribute the remaining shares of Verigy to Agilent’s stockholders. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual events to differ materially from those in the forward-looking statements. The risks and uncertainties include, but are not limited to, the timing inability of Agilent’s distribution of the Verigy shares it holds to the Agilent stockholders and the impact on the trading price of Verigy’s ordinary shares as a result of the large number of shares becoming available for trading at one time. Verigy undertakes no duty to update the forward-looking statements herein.