CERAGON NETWORKS –

Tel Aviv

Went public on 8/4/2000 at $17 per share

Filing Range: 5 mil. shares @ $12 to $14

Shares Outstanding: 19.76 mil. shares

Underwriters: Morgan Stanley Dean Witter/Lehman Brothers/ Roberston

Stephens & Co.

Company Counsel: Pillsbury Madison & Sutro

Manager Counsel: Latham & Watkins

Auditor: Arthur Andersen & Co.

The Company:

Formerly known at Giganet, the company manufactures ultra high-speed host adapters and cluster switches to enable server-to-server network clusters.

Venture Backers:

HarbourVest Partners LLC

Dolphin Communications

Hambrecht & Quist

InnoCal LP

Granite Ventures LLC

Merrill Lynch Capital Partners

Intel Corp.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors( $ thousands)

1 01/01/1997 3 Early Stage 7500.0

2 07/31/1998 1 Early Stage 1000.0

3 11/19/1999 8 Early Stage 18000.0

4 04/04/2000 3 Expansion 22000.0

Financials:

(Data in $ millions)

Y/E

12/31/99

Total Revenues: $4.6

Net Income: -6.4