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NEC and Juniper Networks Announce Strategic Partnership

Agreement Paves Way for OEM Relationship

SUNNYVALE, Calif., December 4, 2003 - Juniper Networks, Inc. (Nasdaq: JNPR) today announced that it has signed a strategic alliance agreement with Japanese-based networks and business solutions provider NEC Corporation (Nasdaq:NIPNY). The agreement expands upon an existing reseller relationship and provides for original equipment manufacture (OEM) in the future.

"This is a further and very positive step forward in the relationship between NEC and Juniper Networks," said Mr Kazunori Kiuchi, senior vice president of NEC Corporation.

A global provider of Internet, broadband network and enterprise business solutions, NEC employs more than 140,000 people worldwide and had net sales of approximately $40 billion in the fiscal year ended March 2003. NEC has resold Juniper Networks routing platforms in Japan since August 2000 and has long-standing relationships with major customers.

The partnership agreement, signed in Tokyo yesterday, reflected Juniper Networks commitment to the Japanese market.

"Japanese carriers and service providers not only represent some of our largest customers, but they are also among the world leaders in IP networking, including the deployment of IPv6 applications, VDSL and wireless data," said Scott Kriens, chairman and chief executive officer of Juniper Networks.

"This agreement provides a framework for joint cooperation in IP infrastructure closely focused on the continuing transformation of the already highly progressive Japanese networking market. It also underscores our commitment to working with our key application and infrastructure partners to make our infranet vision for an intelligent high performance infrastructure for all services a reality."

About NEC Corporation

NEC is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales of approximately $40 billion in the fiscal year ended March 2003. For additional information, please visit the NEC home page at: http://www.nec.com.

About Juniper Networks, Inc.

Juniper Networks transforms the business of networking by converting a commodity - bandwidth - into a dependable, secure and highly valuable corporate asset. Founded in 1996 to meet the stringent demands of service providers, Juniper Networks is now relied upon by the world's leading network operators, government agencies, research and education institutions, and information-intensive enterprises as the foundation for uncompromising networks. The Infranet Initiative uses Juniper Networks MINT (Model for InfraNet Transformation) as its underlying framework. Juniper Networks is headquartered in Sunnyvale, California. Additional information can be found at 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. ERX, ESP, E-series, Internet Processor, J-Protect, JUNOS, JUNOScript, JUNOSe, M5, M7i, M10, M10i, M20, M40, M40e, M160, M-series, NMC-RX, SDX, T320, T640, and T-series are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.