Find out more about our agreement to acquire MRV Communications, Inc. in our latest slide deck.

1. © 2017 ADVA Optical Networking. All rights reserved.1
ADVA Optical Networking Enters Into Agreement
to Acquire MRV Communications, Inc.
July 2, 2017

2. © 2017 ADVA Optical Networking. All rights reserved.2
Overview
• We have entered into a definitive agreement to acquire MRV
Communications, Inc.
• We have made a tender offer of USD 10.00 per share for all the
outstanding common stock of MRV Communications, Inc.
• The offer equates to an aggregate purchase price of USD 69 million
• It has been approved and unanimously recommended by both
boards of directors
Tender offer of USD 10.00 per share – aggregate USD 69 million

3. © 2017 ADVA Optical Networking. All rights reserved.3
Financials
• Purchase price will mainly be financed by proceeds of bank financing
• We have entered into a term loan of an amount up to EUR 55 million that
shall later be refinanced by a promissory note or syndicated loan
• The acquisition is subject to customary closing conditions, including the
tender of at least a majority of MRV Communications, Inc.’s outstanding
shares of common stock
• Acquisition expected to be completed in August or September, 2017
• Certain officers and directors and major shareholder Raging Capital
Management LLC, which collectively represent approximately 34% of MRV
Communications, Inc.’s outstanding common stock, have entered into
tender and support agreements with us, agreeing to tender their shares of
common stock into the offer

4. © 2017 ADVA Optical Networking. All rights reserved.4
MRV Communications, Inc. at a Glance
• Financials
• Founded in 1988; IPO: 1992 (NASDAQ: MRVC)
• CY2016: Revenue USD 80.3 million; cash and cash equivalents: USD 21.7 million
(no debt)
• Solutions
• Pure-play provider of end-to-end solutions enabling networks to become smarter,
faster, more efficient and easier to operate
• Carrier Ethernet, metro optical transport and service provisioning solutions
• Customers
• Serving +1,000 customers across three focused verticals: regional service providers,
data center interconnect and global service providers
Solid financial profile; strong recurring revenue from loyal customers;
industry-leading gross margins

5. © 2017 ADVA Optical Networking. All rights reserved.5
Why Is MRV Communications, Inc. a Good Fit?
• Growth
• Targeting additional underserved market segments – regional service
providers and carrier neutral provider
• Diversifies revenue – reduces European revenue concentration
• Further solidifies and strengthens our position in the EAD market
• Profitability
• Expands customer base and increases cross-selling opportunities
• Significant synergy opportunities
• Opportunities to gain economies of scale with key suppliers
Grows revenue base and footprint while driving gross margins

6. © 2017 ADVA Optical Networking. All rights reserved.6
EAD: Launchpad for Ensemble Virtualization
Ensemble enables users to realize the benefits of the cloud by replacing
closed appliances with their choice of software that can be hosted
anywhere in the network on their choice of open hardware.
More than 20 active customer engagements with carriers around the globe
Network Functions
Virtualization
Appliances (IT-spend) CSP managed services

7. © 2017 ADVA Optical Networking. All rights reserved.7
Our Markets and Applications
Connecting, extending and assuring the cloud
Cloud InterconnectCloud Access
Synchronization
and Timing
Cloud Extension
Metro/Core
Distribution and Hosting
Cloud and
OTT
Services
Service Delivery
and Assurance
Communication Service
Provider
Internet Content
Provider
Business
Continuity
Enterprise
EAD Leadership
Expansion
Customer Footprint
Expansion

8. © 2017 ADVA Optical Networking. All rights reserved.8
Summary
• Customers
• Expands customer base into traditional underserved market segments –
regional service providers and carrier neutral provider
• Diversifies revenue – reduces European revenue concentration
• Products
• Further solidifies and strengthens our position in the EAD market
• Increased cross-selling opportunities and support in the optical space
• Profitability
• Significant synergy opportunities
• Opportunity to gain economies of scale with key suppliers
Acquisition allows us to drive further growth and profitability

9. © 2017 ADVA Optical Networking. All rights reserved.9
IMPORTANT NOTICE
The content of this presentation is strictly confidential. ADVA Optical Networking is the exclusive owner or licensee of the content, material, and information in this
presentation. Any reproduction, publication or reprint, in whole or in part, is strictly prohibited.
The information in this presentation may not be accurate, complete or up to date, and is provided without warranties or representations of any kind, either express or
implied. ADVA Optical Networking shall not be responsible for and disclaims any liability for any loss or damages, including without limitation, direct, indirect, incidental,
consequential and special damages, alleged to have been caused by or in connection with using and/or relying on the information contained in this presentation.
Copyright © for the entire content of this presentation: ADVA Optical Networking.
Thank You
IMPORTANT NOTICE
The content of this presentation is strictly confidential. ADVA Optical Networking is the exclusive owner or licensee of the content, material, and information in this
presentation. Any reproduction, publication or reprint, in whole or in part, is strictly prohibited.
The information in this presentation may not be accurate, complete or up to date, and is provided without warranties or representations of any kind, either express or
implied. ADVA Optical Networking shall not be responsible for and disclaims any liability for any loss or damages, including without limitation, direct, indirect, incidental,
consequential and special damages, alleged to have been caused by or in connection with using and/or relying on the information contained in this presentation.
Copyright © for the entire content of this presentation: ADVA Optical Networking.