Riverstone to Get Delisted

SANTA CLARA, Calif. -- Riverstone Networks, Inc. (Nasdaq:RSTNE - News) today announced that it had received notice from The Nasdaq Stock Market that its stock will be delisted from the Nasdaq National Market effective as of the opening of the market on Thursday, September 11, 2003. Riverstone currently intends to appeal the decision to the Nasdaq Listing and Hearing Review Council. This appeal will not stay delisting and Riverstone cannot predict whether or not the Listing Council will modify or reverse the decision.

Following delisting, Riverstone's common stock may become quoted in the Pink Sheets upon application by a market maker. Riverstone common stock will not be eligible to trade on the OTC Bulletin Board until Riverstone becomes current in all of its periodic reporting requirements pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and a market maker thereafter makes an application to register in and quote the Riverstone common stock in accordance with applicable SEC requirements.

As previously announced, the review of Riverstone's accounting practices by a special committee of the board of directors is ongoing. Riverstone is attempting to conclude its review and issue any restatements promptly, but it presently cannot state with any certainty when this will occur.

Riverstone Networks Inc.