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NetScreen Moves Worldwide Headquarters

Sunnyvale, CA - February 10, 2003 - NetScreen Technologies Inc. (Nasdaq: NSCN) today announced it has moved its worldwide headquarters to a new location in Sunnyvale, Calif. NetScreen will consolidate three local offices into one and double its office space while reducing costs. Built in 2001, NetScreen's new headquarters is located at 805 11th Ave., Sunnyvale, Calif., and encompasses approximately 156,000 square feet. It will house NetScreen's local employees and include a customer training facility and a new briefing center.

"We are fortunate to be experiencing growth in difficult economic times. Our growth, coupled with the current low lease rates, makes it possible to consolidate our multiple sites under one roof and allow more room for efficient operations," said Robert Thomas, NetScreen president and CEO. "Our new location also reduces absolute costs on a monthly basis and can support our planned expansion for the foreseeable future."

The move from NetScreen's previous headquarters location in Sunnyvale is effective immediately and will be completed on Feb. 10.

About NetScreen Technologies

NetScreen Technologies, Inc., is a leading developer of integrated network security solutions that offer the security, performance and total cost of ownership required by enterprises and carriers. NetScreen's innovative solutions provide key security technologies, such as virtual private network, denial of service protection, firewall and intrusion prevention, in a line of easy-to-manage security appliances and systems. NetScreen is located at 805 11th Ave, Sunnyvale, CA 94089. More information on NetScreen's products can be found at http://www.netscreen.com or by calling toll free at 1-800-638-8296.

NetScreen is a trademark of NetScreen Technologies, Inc. Other trademarks are the property of their respective owners.

This press release contains forward-looking statements about events and circumstances that have not yet occurred. For example, words such as "will", "can", "allowing", "believes", "continue" and "continuing", or other statements in the future tense, are forward-looking statements. Actual outcomes and results may differ materially from expectations in this press release due to a number of risks and uncertainties. Such risks and uncertainties include whether the market for security products will grow as projected, if at all, whether demand for NetScreen products will continue, whether new products, if and when introduced, will be successful and whether products will perform as expected.