Sycamore Networks, Inc. Announces Special Cash Distribution of $1.81 Per Share

  Sycamore Networks, Inc. Announces Special Cash Distribution of $1.81 Per
  Share

Business Wire

CHELMSFORD, Mass. -- February 8, 2013

Sycamore Networks, Inc. (NASDAQ: SCMR), today announced that, on February 7,
2013, its Board of Directors approved a special cash distribution of $1.81 per
share of its common stock. The special cash distribution will be paid on
February 28, 2013 to stockholders of record as of February 18, 2013. Given the
amount of the special cash distribution, the Company expects that the
ex-dividend date for the special cash distribution will be March 1, 2013, the
day after the payment date for the special cash distribution.

The Company’s Board of Directors has not to date made a determination to
proceed to file a certificate of dissolution. Further information regarding
the liquidation and dissolution of the Company and the amount and timing of
any additional distributions to stockholders will be provided in subsequent
press releases or filings with the Securities and Exchange Commission as such
information becomes available.

About Sycamore Networks, Inc.

Sycamore Networks, Inc. (NASDAQ: SCMR) is based in Chelmsford, Massachusetts.
For more information, please visit www.scmrinc.com.

Safe Harbor for Forward-Looking Statements

We wish to caution you that certain matters discussed in this press release
may constitute “forward-looking statements,” as defined under the federal
securities laws. Risks and uncertainties relating to the Company could cause
actual events and results to differ materially from those stated or implied in
such statements. Potential risks and uncertainties include, among others, the
Company’s Board of Directors may determine to abandon or delay the
implementation of the plan of complete liquidation and dissolution of the
Company; the Company’s inability to predict the timing or amount of any
additional cash distributions to stockholders; in the event that the Company
proceeds with the plan of complete liquidation and dissolution, the Company’s
stockholders could be liable to the Company’s creditors in the event that the
Company fails to create an adequate contingency reserve to satisfy claims
against it; and the Company’s continuing costs associated with complying with
public company reporting requirements. More information about potential
factors that could affect the Company’s dissolution and the amount of any
future distributions is included in the section entitled “Risk Factors” in the
Company’s filings with the Securities and Exchange Commission. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future results or
otherwise.

Contact:

Sycamore Networks, Inc.
Alan Cormier, 978-250-2921
General Counsel and Secretary
alan.cormier@sycamorenet.com
 
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