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2 June 2015

Infinera re-schedules recommended public offer to Transmode shareholders

On 9 April, Infinera Corp of Sunnyvale, CA, USA, a vertically integrated manufacturer of digital optical transport networking systems incorporating its own indium phosphide-based photonic integrated circuits (PICs), announced a recommended public offer to the shareholders of Transmode AB of Stockholm, Sweden (a provider of packet-optical networking solutions) to tender all their shares in Transmode to Infinera.

A Swedish offer document and a prospectus and registration statement on Form S-4 are being prepared for registration with the Swedish Financial Supervisory Authority and the US Securities and Exchange Commission (SEC), respectively. Preparation of the pro forma financial statements for the purposes of complying with both Swedish and US rules and regulations (including converting Transmode's financial statements from IFRS to US GAAP, and the associated auditing) continues to progress but is not yet completed. As a result, the offer document is now expected to be published during the first two weeks of July.

Following publication of the offer document, the acceptance period will commence promptly and is expected to expire in early August, followed by settlement by mid-August. Infinera reserves the right to extend the acceptance period as well as to postpone the date of settlement.

See related items:

Infinera makes $350m offer to acquire Transmode

Tags: Infinera InP PICs

Visit: www.infinera.com

Visit: www.transmode.com

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