Company Stock Ticker on NASDAQ Currently Trading Under BRCDD SAN JOSE, Calif., June 27 /PRNewswire-FirstCall/ -- Brocade(R) (NASDAQ:BRCD), the leader in networked storage solutions that help enterprises connect and manage their information, today announced the completion of a Reverse/Forward stock split, designed to reduce the number of stockholders with less than 100 shares in the Company's stock by exchanging their shares for cash. As a result of the corporate action, Brocade's stock ticker symbol (BRCD) will have a fifth character, "D" (BRCDD) for approximately 20 trading days following the corporate action. The Company expects the stock ticker symbol will return to BRCD on July 26, 2007. As previously disclosed in the Company's quarterly report on Form 10-Q for the quarter ended April 28, 2007, at the Annual Meeting of Stockholders held on April 19, 2007, the Company's stockholders approved a proposal to amend the Company's Amended and Restated Certificate of Incorporation to effect a 1-for-100 reverse stock split (the "Reverse Split") immediately followed by a 100-for-1 forward stock split of the Company's Common Stock (together with the Reverse Split, the "Reverse/Forward Split"). Effective June 26, 2007, the Company implemented the Reverse/Forward Split by filing amendments to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware. For stockholders that held less than 100 shares of Common Stock prior to the Reverse Split, shares of Common Stock that would have been converted into less than one share in the Reverse Split were instead converted into the right to receive a cash payment equal to $8.44 per share, an amount equal to the average of the closing prices per share of Common Stock on the Nasdaq Global Select Market for the period of ten consecutive trading days ending on (and including) the effective date. For stockholders that held 100 or more shares of Common Stock in their account prior to the Reverse Split, any fractional share in such account resulting from the Reverse Split were not cashed out and the total number of shares held by such holder did not change as a result of the Reverse/Forward Split. About Brocade Brocade is the leading provider of networked storage solutions that help organizations connect, share, and manage their information. Organizations that use Brocade products and services are better able to optimize their IT infrastructures and ensure compliant data management. For more information, visit the Brocade Web site at http://www.brocade.com/ or contact the company at . Brocade, the Brocade B-wing logo ,Fabric OS, File Lifecycle Manager, MyView, Secure Fabric OS, SilkWorm, and StorageX are registered trademarks and the Brocade B-weave symbol and Tapestry are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. FICON is a registered trademark of IBM Corporation in the U.S. and other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners. DATASOURCE: Brocade CONTACT: media, Leslie Davis, +1-408-333-5260, , or investors, Darby Dye, +1-408-333-5752, , both of Brocade; or Ian Yellin of Ogilvy PR, +1-415-677-2714, , for Brocade Web site: http://www.brocade.com/

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