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NetScreen Technologies Announces Financials Release Date and Conference Call

Sunnyvale, CA - July 8, 2003 - NetScreen Technologies, Inc. (Nasdaq: NSCN), today announced it will release its fiscal third quarter financial results on Wednesday, July 23, 2003 at the close of regular market trading. The company will host a public conference call that day to discuss its financial results and current corporate developments at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).

This call is being webcast by CCBN and can be accessed at NetScreen’s web site at: http://ir.netscreen.com/ireye/ir_site.zhtml?ticker=nscn &script=2100

Institutional investors and research analysts can access the live conference by calling 800-309-8225 (U.S. and Canada) or 706-634-0672 (International). A taped replay of this call will be available for 72 hours. The dial-in numbers for the replay are 800-642-1687 (U.S. and Canada) and 706-645-9291 (International). The call ’s ID number is: 1664896.

The webcast is also being distributed over CCBN’s Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center or by visiting any of the investor sites in CCBN’s Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

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, NetScreen ScreenOS and the NetScreen logo are trademarks of NetScreen Technologies, Inc. in the United States and other countries. 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”, “anticipates” 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.