Alvarion(R) Announces Timing for 1:10 Reverse Split of Ordinary Shares

Alvarion(R) Announces Timing for 1:10 Reverse Split of Ordinary Shares

TEL AVIV, Israel, March 18, 2013 (GLOBE NEWSWIRE) -- Alvarion^®
Ltd.(Nasdaq:ALVR) (Alvarion or the Company), a global provider of optimized
wireless broadband solutions addressing the connectivity, coverage and
capacity challenges of public and private networks, announced today that the
previously-reported 1:10 reverse split of its ordinary shares would be
effected on Tuesday, April 2, 2013 to all shares held of record as of the
close of business on Monday, April 1, 2013. The reverse split was previously
approved by the Company's shareholders at the Annual General Meeting held on
September 10, 2012 and announced by the Company on December 10, 2012.

Upon execution of the reverse split, shareholders will receive one share of
Alvarion in exchange for every 10 shares held by them. The reverse split will
reduce the number of Company outstanding shares from approximately 63 million
to approximately 6.3 million. Proportional adjustments will be automatically
made to Alvarion's outstanding stock options and other equity compensation
incentive awards.

Alvarion will not issue any fractional shares as a result of the reverse
split. Instead, all fractional shares will be rounded up to the next whole
number of shares.

The reverse split is intended to increase the per share trading price of the
Company's ordinary shares to satisfy the $1.00 minimum bid price requirement
for continued listing on the NASDAQ Capital Market. As previously announced,
in order to maintain the Company's listing on NASDAQ, the Company's ordinary
shares must have a closing bid price of $1.00 or more for a minimum of 10
consecutive trading days prior to April 24, 2013. There can be no assurance
that the reverse split will have the desired effect of raising the closing bid
price of the Company's ordinary shares prior to April 24, 2013, to meet such
requirement.

Alvarion's ticker symbol will not change as a result of the pending reverse
split. Upon execution of the reverse split, a "D" will be placed on the
stock's ticker symbol for 20 business days. A new CUSIP number will be issued
to Alvarion's ordinary shares after the reverse split become effective.

About Alvarion

Alvarion Ltd. (Nasdaq:ALVR) provides optimized wireless broadband solutions
addressing the connectivity, coverage and capacity challenges of telecom
operators, smart cities, security, and enterprise customers. Our innovative
solutions are based on multiple technologies across licensed and unlicensed
spectrums. (www.alvarion.com)

This press release contains forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These statements are based on the current expectations or beliefs of
Alvarion's management and are subject to various factors and uncertainties
that could cause actual results to differ materially from those described in
the forward-looking statements. The following factors, among others, could
cause actual results to differ materially from those described in the
forward-looking statements: our failure to fully implement our 2012 turnaround
plan, our inability to reallocate our resources and rationalize our business
in a more efficient manner, potential impact on our business of the current
global macro-economic uncertainties, the inability of our customers to obtain
credit to purchase our products as a result of global credit market
conditions, the failure to fund projects under the U.S. broadband stimulus
program, continued delays in 4G license allocation in certain countries; the
failure of the products for the 4G market to develop as anticipated; our
inability to capture market share in the expected growth of the 4G market as
anticipated, due to, among other things, competitive reasons or failure to
execute in our sales, marketing or manufacturing objectives; the failure of
our strategic initiatives to enable us to more effectively capitalize on
market opportunities as anticipated; delays in the receipt of orders from
customers and in the delivery by us of such orders; our failure to fully and
effectively integrate the business and technology of Wavion Inc., acquired by
us in November 2011, into our products and realize the expected synergies from
the acquisition; the failure of the markets for our (including Wavion's)
products to grow as anticipated; our inability to further identify, develop
and achieve success for new products, services and technologies; increased
competition and its effect on pricing, spending, third-party relationships and
revenues; our inability to establish and maintain relationships with commerce,
advertising, marketing, and technology providers; our inability to comply with
covenants included in our financing agreements; our inability to raise
sufficient funds to continue our operations, either through equity issuances
or asset sales; and other risks detailed from time to time in the Company's
annual reports on Form 20-F as well as in other filings with the U.S.
Securities and Exchange Commission.

Information set forth in this press release pertaining to third parties has
not been independently verified by Alvarion and is based solely on publicly
available information or on information provided to Alvarion by such third
parties for inclusion in this press release. The web sites appearing in this
press release are not and will not be included or incorporated by reference in
any filing made by Alvarion with the U.S. Securities and Exchange Commission,
which this press release will be a part of.

You may request Alvarion's future press releases by contacting Sivan Farfuri,
sivan.farfuri@alvarion.com or +972.3.767.4333. Please see the Investor section
of the Alvarion website for more information:
http://www.alvarion.com/investors.

Alvarion®, its logo and certain names, product and service names referenced
herein are either registered trademarks, trademarks, trade names or service
marks of Alvarion Ltd. in certain jurisdictions. All other names are or may be
the trademarks of their respective owners.

CONTACT: Investor Contacts:
         Avi Stern, CFO
         +972.3.746.4333
         avi.stern@alvarion.com
        
         Elana Holzman
         +972.3.645.7892
         elana.holzman@alvarion.com

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