Covad Appoints Andrew S. Lockwood as Senior Vice President of Marketing.

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--July 25, 2002

Covad Communications (OTCBB:COVD), today named Andrew S. Lockwood as senior vice president of marketing.

Lockwood will be responsible for driving demand for Covad's consumer and business class services. He will also lead Covad's branding efforts, advertising, and overall marketing direction for the company. Additionally, he will manage core marketing responsibilities, such as product marketing and development, marketing communications and strategic planning.

"Andy will be responsible for raising the standard on Covad's branding and marketing communications efforts," said Charles Hoffman, Covad CEO and president. "He has a solid sales and marketing background with an uncompromising focus on gaining quality results."

Lockwood brings to Covad 21 years of experience in telecommunications, sales and marketing. His last position was senior vice president and general manager of Inktomi's Wireless Division where he was responsible for software engineering, product management, marketing, sales, finance, human resources, and strategy.

Prior to his position at Inktomi, Lockwood spent eight years at British Telecommunications (BT) in a variety of senior management positions. Most recently he was vice president of the Advance Alliance where he led the relationship between BT and AT&T Wireless, identifying and implementing joint global product developments and other business initiatives. He was also deputy COO at Telfort Mobil Netherlands, general manager of the Retail and Logistics Sector and held senior positions in Cable Television Services, BT Mobile and BT Cellular. Prior to his time at BT, Lockwood worked for Millicom, Hutchison Telecom, and ICI.

Lockwood was educated at University College of North Wales and Seale-Hayne College in Devon, England.

About Covad Communications

Covad is the leading national broadband service provider of high-speed Internet and network access utilizing Digital Subscriber Line (DSL) technology. It offers DSL, T1, managed security, IP and dial-up services directly through Covad and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad services are currently available across the United States in 94 of the top Metropolitan Statistical Areas (MSAs). Covad's network currently covers more than 40 million homes and business and reaches approximately 40 to 45 percent of all US homes and businesses. Corporate headquarters is located at 3420 Central Expressway, Santa Clara, CA 95051. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.

Safe Harbor Statement under the Private Securities Litigation 

Reform Act of 1995:

The statements contained in this press release that are not historical facts are "forward-looking statements," including statements concerning Covad's anticipated growth, expected court rulings, regulatory developments and the statements made by the president and CEO and the assumptions underlying such statements. Actual events or results may differ materially as a result of risks facing Covad or actual results differing from the assumptions underlying such statements. Such risks and assumptions include, but are not limited to, Covad's ability to continue as a going concern, to continue to service and support its customers, to successfully market its services to current and new customers, to manage the consolidation of sales to a fewer number of wholesale customers, to successfully migrate end users, Covad's ability to generate customer demand, to achieve acceptable pricing, to respond to competition, to develop and maintain strategic relationships, to manage growth, to receive timely payment from customers, to access regions and negotiate suitable interconnection agreements, all in a timely manner, at reasonable costs and on satisfactory terms and conditions, as well as regulatory, legislative, and judicial developments and the absence of an adverse result in litigation against Covad. Covad disclaims any obligation to update any information contained in any forward looking statement. All forward-looking statements are expressly qualified in their entirety by the "Risk Factors" and other cautionary statements included in Covad's SEC Annual Report on Form 10-K for the year ended December 31, 2001 and its Report on Form 10-Q for the period ended March 31, 2002.