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2015-09-07

Transmode: INFINERA'S PROPOSALS BEFORE THE EGM IN TRANSMODE

Stockholm, Sweden - 7 September, 2015

On 12 August 2015, Infinera Corporation ("Infinera") announced that its public
takeover offer to the shareholders in Transmode AB (publ) ("Transmode") was
declared unconditional and completed. Against this background, the Board of
Transmode has, as previously announced, summoned an extraordinary general
meeting to be held on Monday, 14 September 2015.

Infinera has presented the following proposals before the extraordinary
general meeting:

Item 7: The Board is proposed to have three members, without any alternate
members.

Item 8: Brad Feller, James L. Laufman and Karl Thedéen are proposed as Board
members. Brad Feller is proposed as Chairman of the Board.

Item 9: No fees are proposed to be paid to the Board members.

Brad Feller is Chief Financial Officer at Infinera since March 2014. Before he
started working for Infinera, Feller was acting Chief Financial Officer and
before that Vice President, Corporate Controller at Marvell Technology Group
Ltd. from 2008. Before that, Feller held different positions at Integrated
Device Technology, Inc and different positions within technology at
Ernst&Young LLP. Feller is an authorized public accountant (inactive) in the
state of California and holds a B.S. in Business Administration from San Jose
State University.

James L. Laufman is Senior Vice President, General Counsel and Corporate
Secretary at Infinera since October 2014. Before he started working for
Infinera, Laufman was Vice President and General Counsel at Marvell
Semiconductor Inc. from 2008. Before that, he has, inter alia, been General
Counsel and Secretary at Integrated Device Technology, Inc. and Senior
Corporate Counsel at Quantum Corporation. Laufman holds a B.S. in Business
Administration, Finance from California State University, Chico and a J.D.
from Santa Clara University School of Law.

Karl Thedéen is Chief Executive Officer at Transmode since 2007. Before that,
Thedéen held several different senior positions within Ericsson Group,
including Board member of Ericsson Network Technologies AB from 2004 - 2007
and Vice President Product Area Wireline in Ericsson AB from 2004 - 2006.
Thedéen has also been Sales Manager at TeliaSonera from 2002 - 2004. Thedéen
is a Board member of Latour Industries AB and HMS Networks AB and holds a
Master of Science degree in Systems Engineering from KTH, the Royal Institute
of Technology in Stockholm.

The Board proposes that Sara Mindus is elected Chairman of the meeting.

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/1950250/709000.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

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