PALO ALTO, Calif., August 14, 2007 — VMware, Inc. (NYSE: VMW) announced today the successful completion of the exchange offer by VMware and EMC Corporation to certain employees of VMware and its subsidiaries in the United States to exchange all of their outstanding stock options to purchase EMC Common Stock for options to purchase VMware Class A Common Stock, on an award-by-award basis, and to exchange all of their restricted EMC stock for restricted VMware Class A Common Stock, on an award-by-award basis. The exchange offer expired, as scheduled, at 11:00 a.m., Pacific Time, on August 13, 2007.