FOR IMMEDIATE RELEASE

Fabrinet Completes Closing of the Acquisition of
3 JDS Uniphase Plants

Fabrinet Gains Foothold in China and Enhances Optical Component Manufacturing Business    

 

San Francisco, CA – May 31, 2005 – Fabrinet, an engineering and electromechanical manufacturing services company, announced the closing of its acquisition of three JDS Uniphase (NASDAQ: JDSU; and TSX: JDU) manufacturing sites in Mountain Lakes and Ewing, New Jersey and Fuzhou, China. The acquisition serves to strengthen Fabrinet's position as a leading manufacturer of optical sub-assemblies, components and modules by establishing Fabrinet in the China market, with an approximately 225,000 square foot manufacturing center. The transaction also enhances Fabrinet's engineering and manufacturing technology base in optical amplification, optical bonding, crystal fabrication and standard borosilicate, clear fused quartz, and synthetic fused silica.

The Fuzhou , China operation, employing over 500 engineers, technicians, and skilled operators, will retain the name Casix and continue in its present state to manufacture primarily crystals and precision optics for Fabrinet's internal consumption and external customers throughout Europe, North America, and Asia.  The New Jersey sites are expected to consolidate into one location specializing in standard and synthetic glass products for optical communications, medical, and industrial markets.

“The JDS Uniphase and Fabrinet teams have worked together to ensure a smooth transition of the China and New Jersey sites to Fabrinet,” commented Tom Mitchell, founder and CEO of Fabrinet. “The transition was certainly made easier due to the high quality standards and processes JDS Uniphase employed at all three locations. We are now in the glass and crystal businesses and looking forward to leveraging those capabilities vertically and to expanding those markets in China and throughout the world.”  


Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include any anticipations or expectations as to the likelihood or timing of completion of the transactions described in this release.  These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risk that the parties may not finalize transaction documentation or perform all actions, or satisfy all conditions, necessary to complete the transactions described in this release.

About JDS Uniphase
JDS Uniphase Corporation (NASDAQ: JDSU; and TSX: JDU) designs and manufactures products for markets where its core optics technologies provide innovative solutions for communications, commercial and consumer applications. The Company offers components, modules and subsystems for data communications, telecommunications and cable television, display, security, medical/environmental instrumentation, decorative, aerospace and defense applications.  More information is available at www.jdsu.com.

About Fabrinet
Fabrinet is a manufacturing services company (EMS) specializing in the engineering and manufacture of complex optical, mechanical, and electronic components, modules, and subassemblies for a wide range of industries including communications, automotive & aeronautics, consumer electronics, and industrial sensing.  Fabrinet utilizes manufacturing best practices to provide rigorous IP protection, a real-time internet tracking and information system, class 100 cleanrooms, and unmatched customer responsiveness.  The company has received numerous quality and best supplier awards and has been named one of the Best Employers in Thailand for 2003 and 2005 by Hewitt Associates and is a recipient of the TCCC 9 th Annual Business Excellence Award in the category of Best Manufacturer.  Fabrinet is ISO 9001:2000, 14001, and ISO/TS 16949:2002 certified.  The company is based in Bangkok , Thailand with over 350,000 square feet of manufacturing and 3,600 employees, and maintains sales offices in the United States and Europe .  For more information contact Mark Schwartz at 925-934-2048, m schwartz @fabrinet.com , or visit the website at www.fabrinet.com .

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