Ceragon Networks

The Wireless Backhaul Specialist

Company Presentation

Tore Thuen

TINF2011, Prague. November 2011

Proprietary and Confidential

Ceragon and Nera – a combination that delivers MORE

Nera Networks • Incorporation: 1947

• Revenues in 2010: $230 M

• A wholly owned subsidiary of

Eltek ASA, traded on the Oslo

Stock Exchange under [ELT]

• Leadership in Long-Haul products

• Established project management

capabilities

Ceragon Networks • Incorporation: 1996

• Revenues in 2010: $249 M

• NASDAQ: CRNT

• Leadership in Short-Haul

products

Combination creates the Premier Wireless Backhaul Specialist

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Better Geographic Mix Best of Breed Offering

Stronger Global Presence

The New Ceragon

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Ceragon at a Glance

US$210 Million Revenue in 1H/2011

Number 1 Specialist Leader in high-capacity wireless backhaul

400,000 Radios Deployed and operational since 2004 in over 130 countries

Field Proven Experience Designing cutting-edge long-haul & short-haul point-to-

point microwave solutions

1,200 Employees Experienced staff, hundreds of

engineers, in 39 local offices

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*Combined figures of Ceragon and Nera

Total Microwave Shipments 2010

Source: EJL Wireless, April. 2011

0,0%

5,0%

10,0%

15,0%

20,0%

25,0%

30,0%

The Number 1 Wireless backhaul Specialist

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Balanced Geographic Mix

Europe 24%

India 9%

APAC 18%

Africa 14%

South America,

24%

North America, 11%

1H/2011

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MORE Products & Solutions

Trunk Aggregation

High Volume

Cost Efficiency & Operational Excellence

Turn-Key, Services

Experience & Project Management Expertise

Access

Long Haul Short Haul

All-Indoor

Evolution IP Long Haul Ethernet or Eth+TDM

FibeAir IP-10 E-series & G-series

Split Mount LH

Network Management System

Ethernet or Eth+TDM

Split Mount

(outdoor branching) All-Outdoor

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3 795 4 071 4 346 4 622 4 897 5 172 5 467

567 556

545 534

523 512

501

669 701

733 766

798 830

864

5 031 5 328

5 624 5 921

6 217 6 514

6 831

2010 2011 2012 2013 2014 2015 2016E

Short Haul Long Haul Non-carrier business

Much Bigger Total Addressable Market

Source: SLR, Trigger Foresight

Global Wireless Backhaul Market Forecast (US$ M)

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Backhaul Requirements:

Higher Capacities to Every Base-Station

Strong Networking Capabilities

Decouple cost and capacity

x 500

x 90

x 120

* Source: Informa Telecoms and Media, Strategy Analytics, Cisco, 2011

-

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

900 000

2010 2011 2012 2013 2014 2015

Asia Pacific South America North America Western Europe Central/East Europe Japan

Number of Mobile-Only Internet Users

Subscribers

(in

000)

13,977

788,325

Proprietary and Confidential

MORE Innovation Apply Design-to-Cost Across Entire Portfolio

11

1998 2005 2009

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MORE Applications to Serve

Broadband Backhaul • Incumbent and Alternative Carriers

• Wireless ISP’s

Private Networks • Public Safety & defense

• Broadcast & Utilities

• Oil, Gas & Offshore

• Enterprise Networks

LTE and 4G Mobile Backhaul • Mobile Operators

• Backhaul Providers

• Converged Operators

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Plan Deliver Build Operate Maintain

MORE Services Strong Project Management & Turnkey Capabilities

13

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Why Ceragon Company:

• Full range of solutions

• Customer foucsed

• Local presence (18 years in Czech Republic)

Full range of services locally:

• Network Design

• Installation (Turn Key Project)

• SLA 8/5 and 24/7

• Training

• Leased Lines Services

Complete and innovative product portfolio:

• Risk free migration from TDM to Ethernet/Hybrid

• Integrated networking functions, TDM and Ethernet

• Highest possible capacities

• Exceptional system gain and spectral efficiency

Thank You