The persons being sued (called Defendants) are Tellabs and certain individual defendants, who were allegedly controlling officers and/or directors of Tellabs. If you are not one of these officers or directors, then you are not being sued and this is not a lawsuit against you.  You  have been identified as a potential class member in a class action lawsuit.

This certified securities class action alleges that Tellabs and certain individual defendants, who were allegedly controlling officers and/or directors of Tellabs, made materially false and misleading statements and omissions in Tellabs’ public reports and documents disseminated to the investing public, thereby artificially inflating the price of the Tellabs common stock and damaging members of the Class.

Defendants have denied Plaintiffs’ claims and asserted several defenses, and contend that they are not liable to Plaintiffs.

You are a class member if you purchased the common stock of Tellabs, Inc. during the period from December 11, 2000 through June 19, 2001, inclusive.

Excluded from the Class are Defendants; the subsidiaries and affiliates of Tellabs; the officers and directors of Tellabs or its subsidiaries and affiliates, at all relevant times; members of the immediate family of any excluded person; the legal representatives, heirs, successors, and assigns of any excluded person; and any entity in which any excluded person has or had a controlling interest.

If the Settlement is approved and if you submit an acceptable Proof of Claim showing that you have a “Recognized Claim” as defined in the proposed Plan of Allocation (shown in the Settlement Notice at pages 10 - 12) you may receive a payment.  Note that under the proposed Plan of Allocation, no distributions will be made to Authorized Claimants whose payment would be less than $10.00.

Members of the Class are represented by Lead Counsel for the Class.

If you have any questions about the Settlement Notice or the Action, you may consult Lead Counsel for the Class.

PLEASE DO NOT CALL OR WRITE THE COURT OR THE OFFICE OF THE CLERK FOR INFORMATION OR ADVICE.

You are not required to hire an attorney.  Class Counsel is working on behalf of the Class.  But if you wish to retain your own attorney, you may do so at your own expense.

First, review all the documents provided in the Settlement Documents and Case Documents sections.  If questions remain unanswered, please contact the Claim Administrator toll-free at 1-866-535-1626.

Richard H. Weiss
MILBERG LLP
One Penn Plaza
New York, NY 10119-0165
(212) 594-5300