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Leading French I.T. Publisher Grants NetScreen Three Distinguished Security Awards Recognizing Product Innovation

SUNNYVALE, Calif., March 23, 2004 - NetScreen Technologies, Inc. (Nasdaq: NSCN) today announced that it received three major awards for its security solutions in the inaugural Security Trophies event held by leading French I.T. publisher Groupe Tests.

With its NetScreen-SA 5000 platform, which offers secure sockets layer (SSL) -based virtual private network (VPN) remote access functionality, NetScreen received the VPN solutions category award and the event’s flagship “Best Innovation” award, which compared the winners from 11 security-specific categories to determine the best overall security technology.

In the Firewall/IDS/IPS category, NetScreen won with its range of custom-built, integrated firewall and VPN devices. The jury chose it as the clear winner because of its Deep Inspection firewall functionality, which builds on the strength of stateful inspection and integrates intrusion prevention technology into the firewall to provide application-level attack protection for the network perimeter.

A Groupe Tests jury, which included reporters and reviewers employed by the publishing company, industry experts, chief security officers and IT researchers, among others, decided winners of the awards - presented in Paris on March 18, 2004 - based upon detailed technical reports and rigorous independent testing.

Thierry Outrebon, editor-in-Chief of 01-Réseaux magazine, a leading Groupe Tests publication, and a member of the Security Trophies jury, said, "NetScreen was the vendor that stood out from the crowd in the firewall category. Deep Inspection reinforces the global protection level provided by a traditional stateful inspection firewall with more than 250 attacks managed."

Commenting on the double success of the NetScreen-SA 5000 device, Outrebon continued, "This solution gained the majority of votes because it offers high granularity for management and security, making it very easy to define authentication policies for various user groups. These devices use NetScreen’s new IVE 4.0 platform, which reinforces access and authentication management and control."

"To keep our customers ahead of new security threats and demands, NetScreen continues to develop and diversify its security portfolio," said David Flynn, NetScreen’s vice president of marketing. "These awards exemplify the value of some of our most recent enhancements to the product line, including application-level awareness in our firewalls and SSL-based VPN capabilities."

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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 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”, “provides”, “enabling”, “designed”, “allows” and “continues”, 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.