San Jose, California – November 6, 2003 – JDS Uniphase Corporation (Nasdaq: JDSU and TSX: JDU) announced the results of its 2003 Annual Meeting of Stockholders which was held today at 10:00 AM Pacific Standard Time at the Company's headquarters in San Jose, California. The stockholders approved two routine proposals, electing two Class II directors and ratifying the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending June 30, 2004. In addition, the Company’s stockholders approved the JDS Uniphase Corporation 2003 Equity Incentive Plan, which immediately replaces the Company’s “evergreen” stock option-only plan.

Motivated by strong stockholder interest and designed with the support and cooperation of the California Public Employees’ Retirement System (CalPERS), the plan includes several leading-edge features intended to firmly align executive equity compensation with long-term stockholder interests. These features include strict limitations on the number of shares the Company may grant to its most highly compensated executives and introduces performance-based vesting for portions of senior executive equity grants.

“We are extremely pleased with the new equity plan,” said Kevin Kennedy, Chief Executive Officer of JDS Uniphase Corporation. “The adoption of this plan is one of a series of deliberate actions we are taking on compensation and other matters to ensure a committed focus on our customer and stockholder interests. We expect to be implementing other similarly-focused compensation programs in the near future.”

“The plan has significant ties to performance and aligns compensation with shareowner interests,” said Ted White, Director of Corporate Governance of CalPERS, “It is a dramatic improvement in the way JDS compensates.”

The 2003 Equity Incentive Plan is fully described in JDS Uniphase’s Proxy Statement (a copy of which is available on the company’s website at http://www.jdsu.com/).

JDS Uniphase designs and manufactures products for fiberoptic communications, as well as for markets where its core optics competency provides innovative solutions for industrial, commercial and consumer applications. JDS Uniphase's fiberoptic components and modules are deployed by system manufacturers for the telecommunications, data communications, and cable television industries. JDS Uniphase also produces products for display, security, medical/environmental instrumentation, decorative, aerospace and defense applications. More information on JDS Uniphase is available at http://www.jdsu.com/.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include any expectation regarding any compensation programs the Company may or may not adopt in the future.

For further information contact:
Ronald C. Foster, Executive Vice President and CFO
Tel: 408-546-5000