Spirent to Exit NYSE

Spirent to delist its American Depositary Shares from the NYSE and to deregister from the SEC due to low volume of trading

May 25, 2007

2 Min Read

LONDON -- Spirent Communications plc ('Spirent' or 'theCompany')(LSE: SPT; NYSE: SPM), a leading communications technology company,announces its intention to delist its American Depositary Shares ('ADS')from the New York Stock Exchange ('NYSE') and to deregister from the USSecurities and Exchange Commission ('SEC').

The average daily trading volume of shares represented by Spirent's ADS isvery small, accounting for 0.5% of the total number of Spirent Ordinaryshares traded in the most recent 12 month period. In light of this level oftrading activity and the recent adoption of new rules by the SEC regardingthe termination of reporting obligations under US securities laws, Spirentbelieves that the administrative burden and increasing costs associated withmaintaining its listing on the NYSE and the reporting requirements necessaryfor its registration with the SEC under the US Securities Exchange Act of1934 ('the Exchange Act') outweigh the benefits to Spirent and itsshareholders.

Spirent intends to maintain its American Depositary Receipt facility withThe Bank of New York as a Level 1 Programme. This means that the Company'sADS will be traded in the US over-the-counter ('OTC') market with effectfrom 15 June 2007. The Company's Ordinary shares will continue to trade onthe London Stock Exchange.

Although Spirent wishes to reduce the costs and complexity of complying withthe US securities regulations, it remains fully committed to its businessoperations in the United States and also to maintaining high standards ofcorporate governance and transparency toward its shareholders. Through itslisting on the London Stock Exchange, Spirent will remain subject to thelisting rules, the prospectus rules and the disclosure and transparencyrules made by the UKLA and to the Combined Code on Corporate Governance.

Spirent expects that its application for delisting from the NYSE will besubmitted so as to become effective on 14 June 2007 and that it will submitits application to the SEC to terminate its Exchange Act reportingobligations with effect from 4 June 2007.

Spirent Communications plc

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