SAN JOSE, Calif. -- JDS Uniphase Corporation (Nasdaq: JDSU; TSX: JDU), today announced that Ronald C. Foster will step down as executive vice president and chief financial officer, effective immediately. Mr. Foster will remain with the Company until March 1, 2005 to ensure an orderly transition of responsibilities. The Company has commenced an aggressive nationwide search for Mr. Foster's replacement.

"All of us at JDS Uniphase appreciate Ron's contributions and service," said Chief Executive Officer Kevin Kennedy. "As we conduct a search for our new Chief Financial Officer, we remain steadfastly focused on our program to drive costs out of our business model."

The Company is pleased to announce that David Vellequette, Vice President and Operations Controller, will immediately assume the role of interim senior financial officer.

"Both I and the Board of Directors expect the transition to progress smoothly and deliberately," Mr. Kennedy added.

JDS Uniphase Corp.