SOURCE: JDSU

JDSU

January 10, 2014 09:00 ET

JDS Uniphase Canada Ltd. Announces Intention to Redeem All of Its Outstanding Exchangeable Shares

TORONTO, ON and MILPITAS, CA--(Marketwired - Jan 10, 2014) - JDS Uniphase Canada Ltd. (the "Company") (TSX: JDU), a subsidiary of JDS Uniphase Corporation ("JDSU") (NASDAQ: JDSU), today announced that it intends to redeem all of its outstanding exchangeable shares on or after March 31, 2014 (the "Redemption Date") from the holders thereof for the redemption price described below.

On the Redemption Date, holders of exchangeable shares will receive, in exchange for each exchangeable share, one share of common stock of JDSU.

A notice of redemption and related documentation will be mailed to holders of exchangeable shares no later than 60 days prior to the Redemption Date. Copies of these documents will be filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under the Company's profile.

Cautionary Statement Regarding Forward-Looking Statements:
This release contains "forward-looking information" within the meaning of applicable Canadian and U.S. securities laws, including the anticipated timing and completion of the redemption, that involves known and unknown risks, uncertainties and other factors that may cause actual timing, completion or results to be materially different than those expressed or implied by those forward-looking statements. Forward-looking information is based on various factors and assumptions and involves certain risks and uncertainties, should not be interpreted as guarantees of future results, should not be unduly relied upon, and will not necessarily be accurate indications of whether or not such results will be achieved.

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