SAN JOSE, Calif., Sept. 2 /PRNewswire-FirstCall/ -- JDS Uniphase Corporation (Nasdaq: JDSU; TSX: JDU) today announced that it has made grants of compensatory stock awards to former employees of Acterna, Inc. in connection with its acquisition of Acterna last month. Acterna is a leading worldwide provider of communications test and measurement solutions for telecommunications service providers, cable operators, and network equipment manufacturers. Acterna did not have a regular practice of granting stock awards to its broad employee population, and the stock awards granted to those employees by JDS Uniphase are comparable to stock awards that JDS Uniphase generally grants to its new employees. These grants were made under the JDS Uniphase Corporation 2005 Acquisition Equity Incentive Plan, which was approved by the Board of Directors of JDS Uniphase, but not submitted for the approval of the stockholders of JDS Uniphase. These stock awards were approved by the Compensation Committee of the JDS Uniphase Board of Directors on August 26, 2005. Stock options covering a total of 11,540,980 shares of JDS Uniphase common stock were granted to 442 employees. Restricted stock units covering a total of 915,000 shares of JDS Uniphase common stock were granted to 20 employees. John Peeler, the former President and Chief Executive Officer of Acterna who is an Executive Vice President of JDS Uniphase, received an option grant covering 1,000,000 shares of JDS Uniphase common stock and a restricted stock unit grant for 300,000 shares of JDS Uniphase common stock. No other stock grants were made to any executive officer of JDS Uniphase. The stock options were granted with an exercise price equal to the closing price of JDS Uniphase common stock on NASDAQ on August 26, 2005, which was $1.51. The stock options otherwise contain the same terms and conditions as the standard form of stock option agreement previously approved by the Board of Directors of JDS Uniphase. The material terms of the standard form of stock option agreement are as follows. Stock options vest over a four (4) year period: 25% of the shares vest after one year of continuous service with JDS Uniphase from the grant date and the remaining shares vest in equal quarterly installments over the next three years of continuous service. The options may not be exercised any later than eight (8) years from the date of grant, and the option will generally expire after 90 days in the event that the employee's service with JDS Uniphase ends during that eight year period. The restricted stock units vest after the completion of five (5) years of continuous service with JDS Uniphase. Each unit represents the right to receive one (1) share of JDS Uniphase common stock. If the Acterna business achieves specified performance goals relating to increases in revenue and the successful introduction of technology programs, then 25% of the units shall vest at that time and an additional 25% of the units shall vest on each anniversary of the date that the performance goals were achieved. An employee must be employed by JDS Uniphase on the vesting date in order to be entitled to the value of any of these units. About JDS Uniphase JDS Uniphase is committed to enabling broadband & optical innovation in the communications, commercial and consumer markets. JDS Uniphase is the leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. Furthermore, JDS Uniphase is the leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at http://www.jdsu.com/. Investors: Jacquie Ross, 408-546-4445, DATASOURCE: JDS Uniphase Corporation CONTACT: investors, Jacquie Ross, +1-408-546-4445, or , or media, Jayme Curtis, +1-408-546-7028, or , both of JDS Uniphase Corporation Web site: http://www.jdsu.com/

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