Starent Networks Corp.

Tewksbury, Mass. • 978-851-1100 • www.starentnetworks.com

Ticker and Exchange: STAR: Nasdaq

Filing Range: 9.0M shares @ $9.00 to $11.00

Offering Price: $12.00

Close on First Day: $13.96

Offering Size: $126.40M

Shares Outstanding: 62,417,462

Underwriter: Goldman Sachs & Co./Underwriter: Lehman Brothers

Co-manager: Thomas Weisel Partners LLC/ J.P. Morgan

Company Counsel: Wilmer Cutler Pickering Hale & Dorr LLP

Manager Counsel: Wilson Sonsini Goodrich & Rosati

Auditor: Pricewaterhouse Coopers LLP

Market Capitalization on 6/30/07: $917.54 M

Close price at current month end: $14.70

DESCRIPTION

Designs and develops mobile infrastructure equipment for wireless networks. The company’s products are designed to support enhanced services on mobile wireless networks. Its products are designed to provide multimedia capabilities to mobile operators, facilitating the delivery of targeted services and user experience. Competitors include Ericsson, Lucent Technologies Inc. and Nokia Corp.

VENTURE BACKERS

Focus Ventures, Highland Capital Partners, Itochu Technology Inc., Matrix Partners, North Bridge Venture Partners, Samsung Electronics, T-Venture Holding GmbH

Source: Thomson Financial