Gennum Corporation Announces Normal Course Issuer Bid

BURLINGTON, ONTARIO, September 30, 2008 – Gennum Corporation ("Gennum" or the "Corporation") (TSX: GND) announced today that it has received approval from the Toronto Stock Exchange (the "TSX") to acquire for cancellation, by way of a normal course issuer bid (the "Bid"), up to 3,408,224 common shares of the Corporation ("Common Shares"), which, at the date hereof, represent approximately 10% of the "public float", as defined under the rules of the TSX, of the Corporation. As of September 29, 2008, the Corporation had 35,607,186 issued and outstanding Common Shares. The Bid will commence on October 2, 2008 and expire on October 1, 2009.

On June 28, 2007, the Corporation commenced a normal course issuer bid to purchase up to 3,458,782 Common Shares through the facilities of the TSX. Under that bid, which expired on July 2, 2008, the Corporation purchased and cancelled a total of 203,100 Common Shares at an average price of $10.07 per Common Share.

The directors of the Corporation believe that the proposed purchase of Common Shares pursuant to the Bid is in the best interests of the Corporation and that such purchases constitute a desirable use of the Corporation’s funds.

Purchases of Common Shares pursuant to the Bid will be effected solely through the facilities of the TSX. Purchases and payment for the Common Shares will be made by the Corporation in accordance with TSX requirements and the price which Gennum will pay for any Common Shares acquired under the Bid will be the market price for the Common Shares at the time of acquisition. The maximum number of Common Shares that may be purchased by Gennum pursuant to the Bid in any trading day, as calculated in accordance with the rules of the TSX, is 9,230 Common Shares.

For further information or to obtain a copy of the Notice filed with the TSX in connection with the Bid, please contact Gord Currie, Senior Vice-President, Finance & Administration and Chief Financial Officer, Gennum at (905) 632-2999, ext. 3060.

About Gennum
Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world’s most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company’s proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. An award winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Korea, Germany, United States, Taiwan, India and the United Kingdom. www.Gennum.com.

Gennum Media Contact:
Keri Fraser
<!-- Director of Corporate Communications
//-->Gennum Corporation
613-270-0458 x 2909
keri.fraser@gennum.com

Gennum Investor Relations Contact:
Gord Currie
Senior Vice-President, Finance & Administration and CFO
Gennum Corporation
(905) 632-2999 x3060
gord.currie@gennum.com

Caution Regarding Forward-Looking Information
This news release contains statements which constitute forward-looking statements. These forward-looking statements are not descriptive of historical matters and refer to management’s expectations or plans. These statements include but are not limited to statements concerning: Gennum’s plans and expectations relating to improvements in profitability and cash flow and the achievement of business model targets and levels, the reduction of corporate and operations costs and capital expenditures and marketing, sales and administration expenses; expected operational expense savings and estimated severance and related costs, and the estimated charges relating thereto and to impairments; and Gennum’s business objectives and future financial performance and prospects. Inherent in forward-looking statements are risks and uncertainties beyond Gennum’s ability to predict or control including but not limited to risks associated with: Gennum’s ability to complete the actions referred to in this news release within anticipated timeframes and to successfully realize the expected improvements therefrom; compliance with local employment legislation and requirements and the possible initiation and outcome of legal proceedings; and other risks facing Gennum’s business including competitive and pricing pressures and economic cycles in the semiconductor industry, fluctuations in foreign exchange rates and their potential adverse impact upon Gennum’s financial results, and Gennum’s ability to attract and retain key personnel necessary for its business. Please also refer to the sections entitled “Risks and Uncertainties” in Gennum’s 2008 annual report and “Risk Factors” in Gennum’s annual information form dated February 23, 2009. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such statements are based on a number of assumptions which may prove to be incorrect including but not limited to the following assumptions: Gennum is able to successfully complete the actions referred to herein within the timeframe and with associated expense savings generally as anticipated and without unforeseen significant costs or delays; assumptions relating to severance and related costs and to charges; customer demand for Gennum’s products remains generally as anticipated; Gennum’s is able to execute its product roadmap without delays or disruptions having a material impact on Gennum; Gennum’s expectations relating to competitive pressures, including pricing pressures, are not materially incorrect; significant fluctuations in foreign exchange rates which significantly adversely affect Gennum’s financial results do not arise; and Gennum is able to continue to retain and attract technical and other key employees. Readers are cautioned that the foregoing list of important factors and assumptions is not exhaustive. Forward-looking statements are not guarantees of future performance. Events or circumstances could cause Gennum’s actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Consequently, readers should not place any undue reliance on these forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. In addition, these forward-looking statements relate to the date on which they are made. Gennum disclaims any intention or obligation to update or revise any forward-looking statements or the foregoing list of factors, whether as a result of new information, future events or otherwise, except to the extent required by law.