Ubiquiti Networks Announces Dividend Policy, First Dividend Of $0.17 To Be Paid 10/28/2014 TO Holders By 10/17/2014

Ubiquiti Networks, Inc.

, a next-generation communications technology company, today announced that as part of the Company's long-term strategy to maximize shareholder value and broaden its shareholder base, the Board of Directors has approved the initiation of a new dividend policy (the "Dividend Policy"). Pursuant to the Dividend Policy, the Company intends to pay an annual cash dividend to its shareholders of record on a record date and in an amount to be determined annually by the Board of Directors. The Company also announced the first annual dividend of $0.17 per share will be paid on October 28, 2014, to the holders of record on October 17, 2014. "In recent quarters we have used an increasing amount of cash to make strategic investments in engineering, inventory, design and related product development initiatives. These investments are designed to help us accelerate our development release cycles, expand our addressable markets and maintain our industry leading position," said Robert J. Pera, Ubiquiti's CEO and Founder. "We have more cash than we believe is needed to continue such investments in the foreseeable future and are initiating this dividend policy as part of our broader commitment to bring value to shareholders." The Company will review the Dividend Policy from time to time with respect to the Company's cash flow, earnings, financial position and other relevant matters.