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2015-08-25

Transmode: INFINERA INITIATES COMPULSORY ACQUISITION PROCEEDINGS AND TRANSMODE FILES FOR DE-LISTING

Stockholm, Sweden - 25 August, 2015

On 12 August 2015, Infinera Corporation ("Infinera") announced that its public
takeover offer to the shareholders in Transmode AB (publ) ("Transmode" or the
"Company") was declared unconditional and completed. After completion of the
offer, Infinera holds more than 95 per cent of the shares and votes in
Transmode and has notified Transmode's board of directors that Infinera has
resolved to initiate compulsory acquisition proceedings regarding the
remaining shares in the Company.

In light of the above, Transmode's board of directors does not consider it
motivated for the Company to remain a listed company, and has therefore
decided to apply for de-listing of the Transmode share from Nasdaq Stockholm.
The last day of trading in the Transmode share at Nasdaq Stockholm will be
announced as soon as the Company has been notified thereof by Nasdaq
Stockholm.

Further, as previously announced, the board of directors has summoned an
extraordinary general meeting to be held on 14 September 2015 tointer alia
elect a new board of directors in the Company.

For further information, please contact:

Karl Thedéen, Chief Executive Officer
Telephone: +46 8 527 675 50

About Transmode

Transmode is a global provider of packet-optical networking solutions that
enable fixed line and mobile network operators to cost effectively address
the capacity needs created by the rapid growth in video and data traffic.
These solutions are important building blocks in next-generation high-speed
optical networks that support services such as broadband backhaul, mobile
data backhaul, video delivery services and cloud computing. Transmode's
solutions are designed to increase the capacity, flexibility and
functionality of metro and regional networks and are based onWavelength
Division Multiplexing(WDM) and transport technologies such as Ethernet.
Transmode'sNative Packet Optical 2.0architecture gives customers key
advantages such as cost efficient Ethernet services, ultra-low latency, low
power consumption and future proof network design.

Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ
OMX Stockholm Exchange (TRMO). Since 2000 the company has installed more than
50,000 systems for over 650 fixed andmobilenetwork operators, service
providers, large enterprises and public institutions in over 50 countries
across the globe.

For additional information about Transmode, please visitwww.transmode.com.

Press release (PDF)
http://hugin.info/134733/R/1947358/707087.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Transmode via Globenewswire

HUG#1947358

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