UPDATE: Elliott Unveils 'Value Plan' for Juniper, Says Plan Could Result in $35-40/Share Price

Elliott Management Corporation (“Elliott”), which owns 6.2% of the common stock of Juniper Networks, Inc.

(“Juniper” or the “Company”), filed a Schedule 13D and released a presentation today entitled “Juniper Networks: Elliott Management's Perspectives,” available at www.new-juniper.com. “Juniper's new CEO along with its existing management team and Board have a unique opportunity to immediately unlock significant value at the Company through three straightforward and much-requested courses of action,” said Jesse Cohn, Portfolio Manager at Elliott. “Investors and Street analysts have been calling for Juniper to implement these value-creation initiatives for years, and we believe the three-pronged approach laid out in today's presentation would be very well received.” The highly value-accretive steps spelled out today include cost realignment, capital return to shareholders, and the optimization of Juniper's product portfolio. As set out in the presentation, Elliott believes that these initiatives can collectively result in a stock price of $35-$40 per share, which is up to 70% above the current price. Elliott looks forward to working constructively with management and the Board and thanks them for consideration of these thoughts.