ADVA OPTICAL NETWORKING ADMITTED TO NEW PRIME STANDARD SEGMENT OF FRANKFURT STOCK EXCHANGE

Tuesday, 21. January 2003 14:00

Martinsried/Munich, Germany and Mahwah/New Jersey, USA - January 21,
2003 - ADVA Optical Networking (FSE: ADV), a leading global provider
of optical networking solutions, today announced that its shares have
been admitted for trading on the new Prime Standard segment of
Germany's Frankfurt Stock Exchange. ADVA also announced today the
publication of its compliance declaration on the German Corporate
Governance Code.

The Deutsche Börse introduced two new trading segments on January 1,
2003, the "Prime Standard" and "General Standard", and will
eventually replace the current segment structure, including the Neuer
Markt on which ADVA's shares were listed. The introduction of the new
segments intends to increase the transparency requirements, improve
the integrity of the German capital markets, and strengthen investor
confidence. Companies admitted to the Prime Standard segment fulfill
the most stringent internationally-recognized transparency and
reporting requirements, including publication of quarterly reports in
both German and English according to either IAS or U.S. GAAP
accounting standards, presentation of a corporate calendar, issuance
of ad-hoc press releases, and hosting of analyst conferences. ADVA
has consistently fulfilled all of the Prime Standard segment criteria
since its initial public offering in March 1999. More information
about the new Prime Standard segment can be found on the Deutsche
Börse website at www.deutsche-boerse.com.

ADVA also published its declaration on the German Corporate
Governance Code by year end 2002 in accordance with recently-enacted
German legislation. In July 2002 the German Transparency and
Disclosure Act (Transparenz- und Publizitätsgesetz) was enacted,
reforming corporate accounting and reporting legislation as well as
requiring all publicly-traded companies to annually disclose their
compliance with the German Corporate Governance Code. This code
summarizes key statutory provisions for the governance of
publicly-traded companies and provides recommendations based on
nationally and internationally recognized governance standards.
ADVA's declaration is published in the investor relations section of
the company's website at www.advaoptical.com.

ABOUT ADVA OPTICAL NETWORKING
ADVA Optical Networking is a leading global provider of optical
networking solutions for rapid and cost-effective provisioning of
high-speed data, storage, voice, and video services in the
metropolitan area. ADVA's carrier-class portfolio is comprised of the
Fiber Service Platform family of products - explicitly designed to
ensure the lowest total cost of ownership. ADVA's solutions have been
deployed at over 68 carriers and service providers (including PTTs,
RBOCs, LECs, and IXCs) and more than 500 enterprises worldwide.
ADVA's products are sold through an international network of
blue-chip distribution partners in addition to its own direct sales
force. Further information about ADVA Optical Networking:
www.advaoptical.com.
PUBLISHED BY:
ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany
ADVA Optical Networking Inc., Mahwah/New Jersey, USA
ADVA Optical Networking Corp., Tokyo, Japan
www.advaoptical.com

For Press and Investors:
Alexa M. Schmidt
Christina Friedrich
t +49 89 89 0665 240 (Europe)
t +1 201 258 8300 (U.S.)
t +81 3 5408 5891 (Asia)
investor-relations@advaoptical.com
public-relations@advaoptical.com
Related Links: ADVA Optical Networking SE
Author:
Hugin
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