Aware Named to the Broad Market Russell 3000 Stock Index and the Small Cap Russell 2000 Stock Index.

BEDFORD, Mass.--(BUSINESS WIRE)--July 14, 1999--

Aware, Inc. (NASDAQ:AWRE), a worldwide leader in DSL (Digital Subscriber Line) technology for high-speed Internet access, announced today that it has been named to the broad market Russell 3000 (R) Index and the small cap Russell 2000 (R) Index. Each year, Frank Russell Company, one of the world's leading investment management and advisory firms, constructs its indices by ranking the 3,000 largest stocks in the U.S. equity market by capitalization as of May 31. The Russell 2000 (R) Index measures the performance of the smallest 2000 companies in the Russell 3000. These indices provide objective benchmarks for the overall stock market by which the performance of external investment managers may be evaluated.

"Being named to the Russell 2000 (R) and Russell 3000 (R) as one of the top performing companies on the basis of market capitalization is another great landmark for Aware," noted Michael A. Tzannes, president and chief executive officer of Aware. "We attribute our success to our technology leadership in a market that is poised for tremendous growth. As the demand for high-speed Internet access grows, Aware will continue to provide superior full-rate ADSL and G.Lite technology to the DSL industry."

Continuing, Tzannes said, "Aware has had the opportunity recently to validate its leadership position by being number one in both DSL market share and interoperability. According to Dataquest, DSL chipsets using Aware technology achieved a 58% market share in 1998. As a result, Aware-based chipsets have been integrated into more equipment offerings than any other competing chipset. We are also pleased with the results of recent industry-sponsored interoperability events in which Aware technology enabled the largest number of interoperability connections."

Rick Moberg, chief financial officer, added, "Aware has made a determined effort over the last year to educate the investment community about the DSL industry, as well as our company and its intellectual property business model. We are pleased that those efforts have resulted in increased valuation for the company's stockholders."

About Aware

Aware, Inc., designs, develops, licenses and markets DSL technology that enables high-speed Internet access over existing telephone networks. The company licenses its intellectual property and software to semiconductor manufacturers and equipment manufactures who sell products incorporating Aware technology. Aware also markets to systems companies to encourage them to design its technology into their products, and to service providers to encourage them to deploy new broadband services based on its technology. More information about Aware can be found at http://www.aware.com.

About Frank Russell Company

Frank Russell Company, one of the world's leading investment management and advisory firms, provides investment advice and funds to institutional investors in more than 30 countries. Russell's investment management business employs a manager of managers approach and has more than $50 billion in assets under management. The company has retainer consulting relationships with clients representing more than US$1 trillion worldwide. Russell is a subsidiary of The Northwestern Mutual Life Insurance Company. Founded in 1936, Russell is headquartered in Tacoma, Wash., and has offices in New York, Toronto, London, Zurich, Paris, Sydney, Auckland and Tokyo.

Note to investors:

This press release contains certain statements of a forward-looking nature relating to future events or future financial performance of Aware. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include the risks described in various SEC filings that Aware, Inc. has made on its Forms S-1, 10-K and 10-Q, which factors are incorporated herein by reference.