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NetScreen SSL VPN Appliances Named Security Technologies Product of the Year by Frost & Sullivan

Sunnyvale, CA - January 15, 2004 - NetScreen Technologies, Inc. (Nasdaq: NSCN) today announced that its Neoteris Secure Access (SA) Appliances have been named as the 2003 Security Technologies Product of the Year by industry analyst firm Frost & Sullivan.

According to Frost & Sullivan, “Entering the market boldly in 2001, Neoteris, acquired by NetScreen in 2003, was the first company to bring an SSL VPN product to the market. Since then, the NetScreen Secure Access Appliances have outpaced competing technologies from both a technological development and a marketing standpoint. Probably most significant is the SA Series content intermediation engine; which is the cornerstone of the product’s flexibility and ease of use. This technology dynamically translates incoming SSL requests into the native application language for smoother and more secure communication to backend applications. All SSL VPN competitors have admitted that their products require some setup of translation capabilities to facilitate communication with certain applications.”

“NetScreen is excited that its Secure Access Appliances have been named the 2003 Security Technologies Product of the Year by Frost & Sullivan, a leading enterprise research firm,” said Jason Matlof, vice president of marketing for NetScreen’s secure access products. “Our success is due to our focus on customer demand for a cost-effective and secure access technology for remote employees and corporate partners. We will continue to focus on key customer needs as we move forward into this emerging market segment.”

NetScreen’s Neoteris Secure Access Appliances

NetScreen’s Neoteris Secure Access (SA) Appliances, which have earned the most awards and industry accolades in the SSL VPN market since its first products shipped in 2001, are the market’s leading SSL VPN product line. Enterprises worldwide have selected the NetScreen-SA 1000, -SA 3000 and -SA 5000 product lines because they enable cost-effective deployment of easy-to-use, full-featured, secure access capabilities to mobile knowledge workers and authorized partners.

The NetScreen-SA appliances provide application-layer access, stringent access controls, and granular auditing and reporting capabilities to minimize IT headaches and security concerns. The SSL-based platform offers enterprise-class high availability and performance scalability options so secure access can be deployed on a wide scale while reducing user downtime and lost productivity, and improving network performance. The appliances have passed rigorous security audits by TruSecure Corporation, Cryptography Research, Inc., and security and forensic computing expert Dan Farmer.

About Frost & Sullivan

Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com.

About NetScreen Technologies

NetScreen Technologies, Inc., is a leading developer of network security and access solutions for enterprises and carriers worldwide. NetScreen's solutions offer customers multiple layers of network and application-level protection in purpose-built appliances and systems that optimize performance and reduce total operating costs. NetScreen is located at 805 11th Ave., Sunnyvale, Calif., 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, Neoteris, Neoteris Access Series 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”, 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.