San Jose, Calif., June 28, 2000 - E-TEK Dynamics, Inc. (Nasdaq: ETEK) announced today that its stockholders have approved the previously announced merger agreement between JDS Uniphase and E-TEK Dynamics.

As previously announced, the merger has received antitrust clearance from the Department of Justice. Therefore, only customary closing conditions remain for the merger to close on Friday, June 30. As a result of the merger, each outstanding share of E-TEK Dynamics will be exchanged for 2.2 shares of JDS Uniphase.

JDS Uniphase is a high-technology company that designs, develops, manufactures, and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU, and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on the Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at www.jdsunph.com.

E-TEK Dynamics, Inc. (NASDAQ: ETEK), headquartered in San Jose, designs and manufactures high-quality components and modules for fiberoptic systems. E-TEK's wavelength division multiplexers ("WDMs") are designed to increase the bandwidth capacity of fiberoptic networks. Other E-TEK components, including isolators, couplers and integrated optics, are critical in enabling optical communications systems. These products are utilized in terrestrial and submarine long-haul fiberoptic networks as well as in short-haul markets, such as metro and cable. More information on E-TEK is available at www.e-tek.com.

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "would," "will," "intends," "intention," "plans," "estimates," "anticipates," and similar words. Such forward-looking statements include, but are not limited to, statements regarding the expected closing of the merger of JDS Uniphase and E-TEK Dynamics. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by JDS Uniphase Corporation and E-TEK Dynamics, Inc. with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and neither JDS Uniphase Corporation nor E-TEK Dynamics, Inc. assumes any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.