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CIENA ANNOUNCES PUBLIC OFFERINGS

Ciena Corporation (CIEN), a leading provider of intelligent optical networking systems, today filed with the Securities and Exchange Commission two prospectus supplements to its recently filed $1,500,000,000 S-3 shelf registration statement: a preliminary prospectus supplement relating to an underwritten public offering of 8,000,000 shares of Common Stock and a preliminary prospectus supplement relating to an underwritten public offering of $350 million of Convertible Senior Notes due in 2008. All of the securities are being offered by Ciena. The offerings are being managed by Goldman, Sachs & Co., Morgan Stanley Dean Witter, Bank of America Securities LLC and Robertson Stephens. When available, a copy of the prospectuses relating to the offerings may be obtained from Goldman, Sachs & Co., 32 Old Slip, 21st Floor, New York, NY 10005.

The registration statement relating to the sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The actual amount of any securities to be issued, and the terms of those securities, will be determined at the time of sale.