Ceragon Networks to IPO

Nasdaq-listed Ceragon Networks announces it will also begin trading shares on the Tel Aviv Stock Exchange

September 7, 2004

1 Min Read

TEL AVIV -- Ceragon Networks Ltd. (NASDAQ: CRNT - News), www.ceragon.com, a global provider of high-capacity broadband wireless systems, today announced that its shares will also be traded on the Tel Aviv Stock Exchange (TASE: CRNT), starting Sunday, September 12, 2004. Ceragon's shares will be included in the Tel Aviv 100 and Tel-Tech indices. The dual listing follows a record quarter for Ceragon, in which revenues grew for the eleventh consecutive quarter reaching $13.0 million and the company achieved operating profitability for the first time.

"We believe that listing our shares on the TASE in addition to NASDAQ will diversify and expand our shareholder base," said Shraga Katz, President and CEO, Ceragon Networks Ltd. "We also expect that it will help increase the Company's trading volume."

Ceragon will continue to be subject to all the applicable rules and regulations of the NASDAQ National Market and the U.S. Securities and Exchange Commission. Ceragon's dual listing will take advantage of the TASE's decision to exempt dual-listed companies from listing rules, maintenance regulations and additional reporting requirements.

Ceragon Networks Ltd.

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