Pinnacle Announces Two-for-One Stock Split

Pinnacle Systems (http://www.pinnaclesys.com) announced that its Board ofDirectors has approved a two-for-one stock split.

Stockholders of record onMarch 2, 2000 will be entitled to one additional share of common stock foreach share of Pinnacle Systems Common Stock held on that date.

The payment date will be March 24, 2000. On or about that date, PinnacleSystems transfer agent, ChaseMellon Shareholder Services, will mail new stockcertificates representing the additional shares.

Pinnacle Systems expects thatits outstanding common stock will begin to trade on Nasdaq on a post-splitbasis on Monday, March 27, 2000. The stock split will increase the number ofshares of Pinnacle Systems Common Stock outstanding from approximately24,250,000 shares to 48,500,000 shares.

"We believe this two-for-one stock split will serve to increase the stocksliquidity and make ownership of our Company more accessible to the averageinvestor," said Arthur D. Chadwick, Vice President of Finance and CFO ofPinnacle Systems, Inc.