JDSU Announces Repurchase at Option of Holders of 1% Senior Convertible Notes Due 2026

JDSU Announces Repurchase at Option of Holders of 1% Senior Convertible Notes 
Due 2026 
MILPITAS, CA -- (Marketwired) -- 04/18/13 --  JDSU (NASDAQ: JDSU)
(TSX: JDU) today announced that holders of its 1% Senior Convertible
Notes due 2026 (CUSIP No. 46612J AD 3) (the "Notes") have the right
to surrender their Notes for purchase by JDSU pursuant to their
option (the "Put Option") under the Indenture governing the Notes,
dated as of May 17, 2006, (the "Indenture"). The Put Option entitles
each holder of the Notes to require JDSU to purchase all or any part
of such holder's Notes at a purchase price (the "Repurchase Price")
equal to 100% of the principal amount of the Notes plus accrued and
unpaid interest thereon to, but excluding, the Repurchase Date.
Pursuant to the terms of the Indenture, on May 15, 2013, JDSU will
pay the semi-annual interest due on the Notes through May 14, 2013,
to holders of record on May 1, 2013 of all Notes in the usual manner
regardless of whether the Put Option is exercised with respect to
such Notes. Interest on all Notes that are repurchased will cease to
accrue interest on and after May 15, 2013 (the "Expiration Date"). 
The opportunity to surrender Notes for purchase pursuant to the Put
Option commences today and expires at 5:00 p.m., New York City time,
on May 15, 2013. Holders may withdraw any Notes previously
surrendered for purchase at any time prior to 5:00 p.m., New York
City time, on May 15, 2013. In order to exercise the Put Option and
receive the Repurchase Price, or withdraw Notes previously
surrendered, a holder must follow the procedures set forth in the
Issuer Repurchase Notice, which is being mailed to all registered
holders of Notes.  
None of JDSU or its board of directors or employees have made or are
making any representation or recommendation as to whether or not any
holder should surrender any Notes. 
Additional Information
 The Bank of New York Mellon Trust Company,
N.A., the Trustee, Paying Agent, Depositary and Information Agent for
the Notes, will instruct DTC to distribute an Issuer Repurchase
Notice and Notice of Redemption to all registered holders. In
addition, JDSU will file the Issuer Repurchase Notice with a Tender
Offer Statement on Schedule TO with the Securities and Exchange
Commission today. Copies of the Issuer Repurchase Notice, Notice of
Redemption and additional information relating to the procedure for
surrendering, exchange and/or redemption of the Notes may be obtained
from The Bank of New York Mellon Trust Company, N.A. by calling (315)
414-3362. 
About JDSU 
JDSU (NASDAQ: JDSU) (TSX: JDU) innovates and collaborates with
customers to build and operate the highest-performing and
highest-value networks in the world. Our diverse technology portfolio
also fights counterfeiting and enables high-powered commercial lasers
for a range of applications. Learn more about JDSU at www.jdsu.com
and follow us on JDSU Perspectives, Twitter, Facebook and YouTube. 
Forward-Looking Statements 
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected. Such statements
may include, without limitation, statements regarding business
outlook, assessment of market conditions, anticipated financial and
operating results, strategies, future plans, contingencies and
contemplated transactions of JDSU. Such forward-looking statements
are not guarantees of future performance and are subject to known and
unknown risks, uncertainties and other factors which may cause or
contribute to actual results of operations, or the performance or
achievements of JDSU or industry results, to differ materially from
those expressed, or implied by the forward-looking statements. In
addition to any such risks, uncertainties and other factors discussed
elsewhere herein, risks, uncertainties and other factors that could
cause or contribute to actual results differing materially from those
expressed or implied for the forward-looking statements include, but
are not limited to the on-going global recession; fluctuations in
demand for JDSU's products and services; government policies and
regulations, including, but not limited to those affecting JDSU's
industry; and risks related to JDSU's past stock granting policies
and related restatement of financial statements. For more information
on these and other risks affecting JDSU's business, please refer to
the "Risk Factors" section included in Part I, Item 1A of our Current
Report on Form 8-K dated December 14, 2012 filed with the Securities
and Exchange Commission. The forward-looking statements contained in
this news release are made as of the date hereof and JDSU assumes no
obligation to update such statements. 
Contact Information 
Investors: 
Cherryl Valenzuela
408-546-4521
cherryl.valenzuela@jdsu.com  
Press: 
Jim Monroe
240-404-1922
jim.monroe@jdsu.com 
 
 
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