Foundry Networks Expands Sales Management Team With New Vice President of Japan Sales; New Executive Position Added to Support Rapid Growth in the Japan Market.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--March 27, 2002

Foundry Networks(R), Inc. (Nasdaq:FDRY), a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions, today announced the appointment of Hideaki Suematsu as vice president of Japan sales. Mr. Suematsu will manage all aspects of Foundry's sales and field operations focusing on the Japan market.

Mr. Suematsu has over 15 years of senior management experience and a proven track record of superior sales performance in Japan's networking business market. Prior to joining Foundry, Mr. Suematsu was the director of Japan sales for Extreme Networks since 1999 and was responsible for all aspects of its sales effort. Prior to that, Mr. Suematsu held senior sales management positions at DEC, StrataCom, Cisco, and Lucent.

At Foundry, Mr. Suematsu will help evolve and execute Foundry's sales strategy and further expand Foundry's leadership position in delivering Gigabit Ethernet, 10-Gigabit Ethernet and SONET/SDH solutions to Enterprise and Metropolitan Network customers in this critical market.

"I am excited to be part of the Foundry team," said Mr. Suematsu. "Japan customers require excellent networking solutions with reliability, scalability, and high-performance. Foundry's end-to-end family of Layer 2/3 switches, Layer 4-7 traffic management switches, and Metro routers give Japanese customers the best possible platform for solving their demanding networking requirements. The recent introduction of Foundry's 10-Gigabit Ethernet solution as well as its 3rd generation JetCore(TM) products, the FastIron(R) 400/800/1500 enterprise switches, and the NetIron(R) 400/800/1500 Metro routers, will enable tremendous opportunities in the Japan market," continued Mr. Suematsu.

"Hideaki's broad sales experience in the Japan market will be a strategic asset to our company and will help us to strengthen and grow our business in Japan," said Bobby Johnson, president and CEO of Foundry Networks. "His extensive experience in the Japanese market is immensely valuable in helping us to deliver solutions to meet Japanese customers' requirements in this key market. Hideaki has the skills and knowledge to make an immediate contribution to Foundry and we are very pleased to have him join us."

About Foundry Networks

Foundry Networks, Inc. (Nasdaq:FDRY) is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 backbone switches, Layer 4 - 7 traffic management switches and Metro Routers. Foundry's 4,000 customers include the world's premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. Some of these customers include: AOL (NYSE: AOL), EarthLink, China Telecom, MSN (NASDAQ:MSFT), Verio, Cable & Wireless (NYSE:CWP), Yahoo! (NASDAQ:YHOO), Incyte Genomics, Inc. (NASDAQ:INCY), Deutsche Bank, The University of Washington, University of Miami, Institut National de Recherche en Informatique et en Automatique (INRIA) of France, The British Library, U.S. Army, Air Force and Navy, NASA and the National Space Development Agency of Japan. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynetworks.com.

Note to Editors: Foundry Networks, FastIron, NetIron, JetCore and the `Iron' family of marks are trademarks or registered trademarks of Foundry Networks, Inc. in United States and other countries. All other trademarks are the properties of their respective owners.

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by this section. These forward looking statements include statements opportunities in the Japanese market. Such opportunities are subject to a number of risks and uncertainties, which could affect actual sales. Actual results may differ materially due to these and other factors. The matters discussed in this press release also involve risks and uncertainties described from time to time in Foundry's filings with the Securities and Exchange Commission. In particular, see the Risk Factors described in Foundry's final Prospectus dated September 27, 1999 for its initial public offering as well as its most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Foundry assumes no obligation to update the forward-looking information contained in this press release.