AFCI Advanced Fibre Communications (MM)

AFC Sets Stockholder Meeting Date for Vote on Tellabs Merger PETALUMA, Calif., Oct. 25 /PRNewswire-FirstCall/ -- AFC(R) (NASDAQ:AFCI), The Acronym for Access(SM), today announced that it has scheduled a special stockholders meeting for November 30, 2004, at 10:00 a.m. PT at 9 Willow Brook Court in Petaluma, Calif., to vote on its previously announced merger with Tellabs, Inc. (NASDAQ:TLAB). Stockholders of record, as of close of business on October 25, 2004, will be entitled to vote at the special meeting, and will be mailed a definitive proxy statement/prospectus that will contain important information regarding the special meeting and the proposed merger. An affirmative vote by the majority of AFC shares outstanding is required for the proposed merger to be consummated. Assuming that the required vote is obtained and all other closing conditions are satisfied, the merger is expected to close soon thereafter. About AFC Headquartered in Petaluma, Calif., AFC is a leading provider of broadband access solutions for the global telecommunications industry. With a customer base of more than 800 service providers worldwide, AFC continues to build and support the world's evolving broadband access network architecture. Advanced Fibre Communications, Inc., AFC, the AFC logo, and DISC*S are registered trademarks of Advanced Fibre Communications, Inc. The Acronym for Access is a service mark of Advanced Fibre Communications, Inc. Copyright 2004. All rights reserved. Any other trademarks are the property of their respective owners. For more information, visit AFC online at http://www.afc.com/ or call 1-800-690-AFCI. Additional Information and Where to Find it This communication is not a solicitation of a proxy from any security holder of Advanced Fibre Communications, Inc. Tellabs, Inc. has filed with the Securities and Exchange Commission Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-116794), which contains a Preliminary Proxy Statement/Prospectus. Advanced Fibre Communications, Inc. expects to mail a Definitive Proxy Statement/Prospectus to its stockholders concerning the proposed merger of Advanced Fibre Communications, Inc. with a subsidiary of Tellabs, Inc. WE URGE INVESTORS AND SECURITY HOLDERS TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain the documents free of charge at the SEC's website, http://www.sec.gov/. In addition, documents filed with the SEC by Tellabs, Inc. are available free of charge from Tellabs Investor Relations, 1415 West Diehl Road, Naperville, IL 60563, 630-798-8800. Documents filed with the SEC by Advanced Fibre Communications, Inc. are available free of charge from Advanced Fibre Communications Investor Relations, 1465 North McDowell Blvd., Petaluma, CA, 94954, 707-792-3500. Interest of Certain Persons in the Merger Tellabs, Inc. and Advanced Fibre Communications, Inc., and their respective directors and executive officers and other members of their management and employees, may be deemed to be participants in the solicitation of proxies from the stockholders of Advanced Fibre Communications, Inc. in connection with the merger. The directors and executive officers of Tellabs, Inc. and Advanced Fibre Communications, Inc. have interests in the merger, some of which may differ from, or may be in addition to, those of the stockholders of Advanced Fibre Communications, Inc. generally. Those interests are described in detail in the Proxy Statement/Prospectus on file with the SEC, with respect to the merger, which interests may include potential membership on the Tellabs, Inc. Board of Directors, option and stock holdings and indemnification. Information about the directors and executive officers of Tellabs, Inc. and their ownership of Tellabs, Inc. stock is set forth in the proxy statement for Tellabs, Inc.'s 2004 annual meeting of stockholders. Information about the directors and executive officers of Advanced Fibre Communications, Inc. and their ownership of Advanced Fibre Communications, Inc. stock is set forth in the proxy statement for Advanced Fibre Communications, Inc.'s 2004 annual meeting of stockholders. Investors may obtain additional information regarding the interests of the participants by reading the Proxy Statement/Prospectus. DATASOURCE: AFC CONTACT: Debbie McGowan of AFC, +1-707-794-7720, or 1-888-875-7555, or Web site: http://www.afc.com/

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