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Oplink Stays on Nasdaq

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5/29/2003

SAN JOSE, Calif. -- Oplink Communications, Inc. (Nasdaq: OPLK), a leading designer and manufacturer of optical components and integrated modules, and a provider of contract Optical Manufacturing Services (OMS), today announced that it has regained compliance with The Nasdaq National Market continued listing requirements and will therefore remain listed on The Nasdaq National Market.

In a letter from The Nasdaq Listing Qualifications Panel, the Company was informed that it had met the closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days and demonstrated compliance with all other requirements for continued listing on The Nasdaq National Market. As a result, the Panel determined to continue the listing of the Company's common stock on The Nasdaq National Market.

"We are very pleased with the decision by Nasdaq to maintain our listing on the National Market," commented Joe Liu, President and CEO of Oplink. "We continue to focus on positioning our business for the future, aggressively winning new customers and repurchasing shares, as appropriate, in the open market. We believe in the long-term opportunity for our business and will continue to focus on returning value to our stockholders."

Oplink Communications Inc.

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