Fujitsu Names Takanobu Yoden New President & Chief Executive Officer.

Business Editors & High Tech Writers

RICHARDSON, Texas--(BUSINESS WIRE)--June 11, 2002

Akira Tokimasa Completes Tenure, Returns

to Japan with many Successes under his Belt

Fujitsu Network Communications, Inc., the leader in the optical telecommunications market, today announced the appointment of Takanobu Yoden to the position of president and chief executive officer of the company. Mr. Yoden, a seasoned, 30-year veteran of the telecommunications industry, was formerly group senior vice president of Fujitsu Limited's global business with responsibility for many of the telecommunications and computing businesses in the Americas and Europe. Akira Tokimasa will be returning to Japan, having completed his planned tenure as president and chief executive officer of Fujitsu Network Communications; this move is part of Fujitsu Limited's executive management rotation program, which typically implements organizational changes at this time each year.

Mr. Yoden previously lived in North America between 1985 and 1991 when he served in various senior marketing and business development management roles for Fujitsu America's telecommunications group. This group evolved into Fujitsu Network Transmission Systems, which then became Fujitsu Network Communications.

"Takanobu Yoden comes to Fujitsu Network Communications with a rich history of experience and business acumen in the telecommunications industry as a whole and Fujitsu specifically," says Koichi Ohta, Chairman of the Board of Fujitsu Network Communications. "Mr. Yoden has been intimately involved with Fujitsu Network Communications as a Member of the company's Board for several years; he has also worked with many of our largest customers and was instrumental in winning some major business. I am confident that Mr. Yoden will have a positive impact on business at Fujitsu Network Communications in his new role as president and chief executive officer."

Akira Tokimasa will return to Fujitsu Limited headquarters, where he will assume a new executive management position in the Transport Systems Group reporting directly to Koichi Ohta.

"Akira Tokimasa has made a huge contribution to both Fujitsu Network Communications and Fujitsu Limited and has transformed the North American business from merely an extension of a Japan-based NTT business into the very core of Fujitsu Limited's optical transport portfolio. Under his tenure, the company captured the number one position in the ILEC SONET market in North America. The FLM SONET product family, which Mr. Tokimasa developed, is deployed in every ILEC in North America with over 280,000 network elements sold," says Koichi Ohta, Chairman of the Board of Fujitsu Network Communications. "Mr. Tokimasa also led the successful launch of our next-generation, multiservice FLASHWAVE(R) 4000 optical transport platforms. He was also instrumental in the launch of the worlds' highest capacity, ultra-long-haul system--the FLASHWAVE 7700 Dense Wavelength Division Multiplexing (DWDM) platform."

About Fujitsu Network Communications, Inc.

Fujitsu Network Communications, Inc. delivers next-generation optical transport and photonics solutions optimized for metropolitan, regional, long haul and ultra long haul, high capacity applications. The company's comprehensive consulting and network services offer support at any network development, deployment and maintenance stage. The company is the leading optical transport equipment vendor in the metro market and has increased its share in the long haul market. Fujitsu Network Communications is a division of Fujitsu Limited (TSE:6702), a provider of comprehensive IT and networking solutions for the global marketplace. For more news and information please visit http://www.fnc.fujitsu.com.

FLASHWAVE(R)is a trademark of Fujitsu Network Communications, Inc. (USA). All rights reserved.