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Juniper Networks Board of Directors Approves Stock Repurchase Program

Sunnyvale, CA - October 11, 2001 - Juniper Networks, Inc. (NASDAQ: JNPR), a leading provider of next-generation IP infrastructure systems, today announced that its board of directors has approved a stock repurchase program of up to $200 million over the next two years, effective immediately.

The stock repurchases will be made from time to time at the Company's discretion in open market transactions. As of October 11, 2001, Juniper Networks has approximately 323 million shares outstanding.

About Juniper Networks, Inc.

Juniper Networks, Inc. is a leading provider of purpose-built systems that meet the scalability, performance, density, and compatibility requirements of rapidly evolving, optically enabled IP networks. The company's systems provide new IP infrastructure solutions for the world's leading service providers. Juniper Networks service, manufacturing teams, and IP engineers work closely with customers to build and support customer networks. The company is headquartered in Sunnyvale, California. For more information, please visit the Web site at https://www.juniper.net/.

Juniper Networks is registered in the U.S. Patent and Trademark Office and in other countries as a trademark of Juniper Networks, Inc. Internet Processor, Internet Processor II, JUNOS, JUNOScript, M5, M10, M20, M40, and M160 are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

Actual results could differ materially from those anticipated in forward-looking statements in this release as a result of certain factors, including those set forth in the risk factors described in the Company's SEC filings, including its recent Form 10K.