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NetScreen Wins Network Magazine Product of the Year Award

Sunnyvale, CA - April 23, 2003 - NetScreen Technologies, Inc. (Nasdaq: NSCN) today announced that the NetScreen-5000 Series of high-performance integrated firewall and virtual private network (VPN) systems received Network Magazine's 2003 Product of the Year Award in the firewall/VPN category. The awards are given each year by the magazine's editors to recognize outstanding technical achievement in a broad range of IT products and services.

"The NetScreen-5000 Series systems stand out for their high-performance network security functionality - proven highly effective for securing large and diverse enterprise networks," said Steve Steinke, Network Magazine editor-in-chief. "The NetScreen-5000 Series demonstrates that innovation in the network IT space is alive and well."

"It is an honor to be recognized by Network Magazine and to have the NetScreen-5000 Series chosen as the firewall product of the year," said David Flynn, vice president of marketing for NetScreen. "We are committed to design and deliver innovative security solutions that offer highly effective security capabilities and lower total cost of ownership for our customers, without jeopardizing network performance. This award, among several others that the NetScreen-5000 Series has received worldwide, validates that we are delivering on that commitment."

The NetScreen-5000 Series

Introduced in April 2002, the NetScreen-5000 Series comprises a family of purpose-built, multi-gigabit integrated security systems that can provide up to 12 Gbps firewall throughput and up to 6 Gbps virtual private network (VPN) throughput. The platforms, which offer excellent scalability and flexibility, deliver a new level of high-performance capabilities for large enterprise, carrier and data center networks. For more information, visit http://www.netscreen.com/products/.

Network Magazine's annual Product of the Year Award program is acknowledged as one of the networking industry's longest running and most distinguished awards programs. The awards are given to products and services released in the 2002 calendar year, which are evaluated on broad appeal of the product or service to the reader community, competitive enhancements, price/performance advantages, technical ingenuity, new features and applications, and serviceability to the market. Product of the Year Award winners will be featured in the May 2003 issue of Network Magazine and online at www.networkmagazine.com.

About CMP Media's Network Magazine

For 17 years, Network Magazine has provided in-depth technical analysis that helps Network IT Buyers make informed network specification, deployment, and management decisions. Network Magazine's unique editorial delivers information about the entire life cycle of network infrastructure hardware, software, and services, from emerging technologies through to product purchasing and ongoing management. Widely recognized for its editorial excellence, Network Magazine was awarded the 2003 Maggie Award for Best Computer/Trade publication and a 2003 Jesse H. Neal award for best regularly featured column. CMP Media LLC (www.cmp.com) is a leading integrated media company providing essential information and marketing services to the entire technology spectrum - the builders, sellers and users of technology worldwide.

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", "expects", "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.