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Radisys Cor­po­ra­tion (Nas­daq :RSYS), a global leader of open tele­com so­lu­tions (“Radisys” or “the Com­pany”), and Re­liance In­dus­tries Lim­ited, In­dia’s largest pri­vate sec­tor com­pany (“RIL” or “Re­liance”), have en­tered into a de­fin­i­tive agree­ment un­der which Re­liance will ac­quire Radisys for US$1.72 per share in cash. Radisys is a leader in pro­vid­ing open tele­com so­lu­tions to ser­vice providers world­wide. Head­quar­tered in Hills­boro, Ore­gon, Radisys has nearly 600 em­ploy­ees with an en­gi­neer­ing team based out of Ban­ga­lore, In­dia, and sales and sup­port of­fices glob­ally. Radisys de­liv­ers value to ser­vice providers and tele­com equip­ment ven­dors by pro­vid­ing dis­rup­tive open-cen­tric soft­ware, hard­ware and ser­vice ca­pa­bil­i­ties that en­able the mi­gra­tion to next-gen­er­a­tion net­work topolo­gies. “Re­liance and Jio have been dis­rupt­ing legacy busi­ness mod­els and es­tab­lish­ing new global bench­marks. Radisys’ top-class man­age­ment and en­gi­neer­ing team of­fer Re­liance rapid in­no­va­tion and solution de­vel­op­ment ex­per­tise glob­ally, which com­ple­ments our work to­wards soft­ware-cen­tric dis­ag­gre­gated net­works and plat­forms, en­hanc­ing the value to cus­tomers across con­sumer and en­ter­prise seg­ments,” said Akash Am­bani, Di­rec­tor of Re­liance Jio. “This ac­qui­si­tion fur­ther ac­cel­er­ates Jio’s global in­no­va­tion and tech­nol­ogy lead­er­ship in the ar­eas of 5G, IOT and open source ar­chi­tec­ture adop­tion.” Brian Bron­son, CEO of Radisys said, “The back­ing and sup­port of In­dia-based global con­glom­er­ate Re­liance, will ac­cel­er­ate our strat­egy and the scale re­quired by our cus­tomers to fur­ther de­ploy our full suite of prod­ucts and ser­vices. The Radisys team will con­tinue to work in­de­pen­dently on driv­ing its fu­ture growth, in­no­va­tion and expansion. The ad­di­tion of Re­liance’s vi­sion­ary lead­er­ship and strong mar­ket po­si­tion will en­hance Radisys’ abil­ity to de­velop and in­te­grate large-scale, dis­rup­tive, open-cen­tric end-to-end so­lu­tions.” Terms and Fi­nanc­ing The trans­ac­tion is sub­ject to cer­tain cus­tom­ary clos­ing con­di­tions, in­clud­ing reg­u­la­tory ap­provals and ap­proval of Radisys’ share­hold­ers, and is ex­pected to close in the fourth quar­ter of 2018. RIL in­tends to fi­nance the trans­ac­tion through its own in­ter­nal ac­cru­als. Ad­vi­sors Cov­ing­ton & Burl­ing LLP is act­ing as le­gal ad­vi­sor and Ernst & Young pro­vided dili­gence and tax ad­vi­sory ser­vices to RIL. Ray­mond James & As­so­ciates, Inc. is act­ing as fi­nan­cial ad­vi­sor and Baker & McKen­zie LLP is act­ing as le­gal ad­vi­sor to Radisys. For­ward Look­ing State­ments Cau­tion­ary Note Re­gard­ing For­ward-Look­ing State­ments Cer­tain state­ments con­tained in this com­mu­ni­ca­tion may con­sti­tute “for­ward-look­ing state­ments.” For­ward-look­ing state­ments can usu­ally be iden­ti­fied by the use of words such as “aim,” “an­tic­i­pate,” “be­lieve,” “con­tinue,” “could,”

“es­ti­mate,” “evolve,” “ex­pect,” “fore­cast,” “in­tend,” “look­ing ahead,” “may,” “opin­ion,” “plan,” “pos­si­ble,” “po­ten­tial,” “project,” “should,” “will” and other expressions which in­di­cate fu­ture events or trends. Such state­ments in­clude state­ments as to the ex­pected tim­ing of com­ple­tion of the merger, the ex­pected ben­e­fits and costs of the trans­ac­tion, man­age­ment plans re­lat­ing to the trans­ac­tion and the sat­is­fac­tion of all clos­ing con­di­tions to the trans­ac­tion, in­clud­ing the abil­ity to ob­tain share­holder and reg­u­la­tory ap­provals. Th­ese for­ward-look­ing state­ments are based upon cer­tain ex­pec­ta­tions and as­sump­tions and are sub­ject to risks and un­cer­tain­ties. Ac­tual re­sults could dif­fer ma­te­ri­ally from those an­tic­i­pated as a re­sult of var­i­ous fac­tors, in­clud­ing the fol­low­ing: Radisys’ share­hold­ers may not ap­prove the trans­ac­tion; con­di­tions to the clos­ing of the trans­ac­tion, in­clud­ing re­ceipt of re­quired reg­u­la­tory ap­provals, may not be sat­is­fied timely, if at all; the trans­ac­tion may in­volve un­ex­pected costs, li­a­bil­i­ties or de­lays; rev­enues fol­low­ing the trans­ac­tion may be lower than ex­pected; op­er­at­ing costs, cus­tomer loss and busi­ness dis­rup­tion (in­clud­ing, without lim­i­ta­tion, dif­fi­cul­ties in main­tain­ing re­la­tion­ships with em­ploy­ees, cus­tomers, clients or sup­pli­ers) may be greater than ex­pected fol­low­ing the trans­ac­tion; un­cer­tain­ties sur­round­ing the trans­ac­tion; the out­come of any le­gal pro­ceed­ings re­lated to the trans­ac­tion; Radisys may be ad­versely af­fected by other eco­nomic, busi­ness, and/or com­pet­i­tive fac­tors; risks that the pend­ing trans­ac­tion dis­rupts cur­rent plans and op­er­a­tions; the re­ten­tion of key em­ploy­ees of Radisys; other risks to con­sum­ma­tion of the trans­ac­tion, in­clud­ing cir­cum­stances that could give rise to the ter­mi­na­tion of the merger agree­ment and the risk that the trans­ac­tion will not be con­sum­mated within the ex­pected time pe­riod or at all; and the other risks de­scribed from time to time in Radisys’ re­ports filed with the Se­cu­ri­ties and Ex­change Com­mis­sion (the “SEC”) un­der the head­ing “Risk Fac­tors,” in­clud­ing the Com­pany’s An­nual Re­port on Form 10-K for the fis­cal year ended De­cem­ber 31, 2017, sub­se­quent Quar­terly Re­ports on Form 10-Q and in other of Radisys’ fil­ings with the SEC. All for­ward-look­ing state­ments are qual­i­fied by, and should be con­sid­ered in con­junc­tion with, such cau­tion­ary state­ments. Read­ers are cau­tioned not to place un­due re­liance on th­ese for­ward-look­ing state­ments, which speak only as of the date on which such state­ments were made. Ex­cept as re­quired by ap­pli­ca­ble law, Radisys un­der­takes no obli­ga­tion to up­date for­ward-look­ing state­ments to re­flect events or cir­cum­stances aris­ing af­ter such date. Ad­di­tional In­for­ma­tion and Where to Find It In con­nec­tion with the trans­ac­tion, Radisys in­tends to file rel­e­vant ma­te­ri­als with the SEC, in­clud­ing a proxy state­ment on Sched­ule 14A. Fol­low­ing the fil­ing of the de­fin­i­tive proxy state­ment with the SEC, Radisys will mail the de­fin­i­tive proxy state­ment and a proxy card to each share­holder en­ti­tled to vote at the spe­cial meet­ing re­lat­ing to the trans­ac­tion. BE­FORE MAK­ING ANY VOT­ING DE­CI­SION, RADISYS SHARE­HOLD­ERS ARE URGED TO CARE­FULLY READ TH­ESE MA­TE­RI­ALS (AND ANY AMEND­MENTS OR SUP­PLE­MENTS) AND ANY OTHER REL­E­VANT DOC­U­MENTS THAT RADISYS FILES WITH THE SEC WHEN THEY BE­COME AVAIL­ABLE BE­CAUSE THEY WILL CON­TAIN IM­POR­TANT IN­FOR­MA­TION. The de­fin­i­tive proxy state­ment, the pre­lim­i­nary proxy state­ment and other rel­e­vant ma­te­ri­als in con­nec­tion with the trans­ac­tion (when they be­come avail­able), and any other doc­u­ments filed by Radisys with the SEC, may be ob­tained free of charge at the SEC’s web­site (http://www. sec.gov), at Radisys’ in­vestor web­site (http://in­vestor.radisys.com), or by writ­ing or call­ing Radisys at Radisys Cor­po­ra­tion, 5435 NE Daw­son Creek Drive Hills­boro, OR 97124 or by (503) 615-1685. Par­tic­i­pants in the Solic­i­ta­tion Radisys and its di­rec­tors and ex­ec­u­tive of­fi­cers may be deemed to be par­tic­i­pants in the solic­i­ta­tion of prox­ies from Radisys’ share­hold­ers with re­spect to the trans­ac­tion. In­for­ma­tion about Radisys’ di­rec­tors and ex­ec­u­tive of­fi­cers and their own­er­ship of Radisys’ com­mon stock is set forth in Radisys’ proxy state­ment on Form 10-K/A filed with the SEC on April 26, 2018. To the ex­tent that hold­ings of Radisys’ se­cu­ri­ties have changed since the amounts printed in Radisys’ proxy state­ment, such changes have been or will be re­flected on State­ments of Change in Own­er­ship on Form 4 filed with the SEC. Ad­di­tional in­for­ma­tion re­gard­ing the iden­tity of the par­tic­i­pants in the proxy solic­i­ta­tion, and their di­rect or in­di­rect in­ter­ests in the trans­ac­tion, by se­cu­rity hold­ings or other­wise, will be set forth in the proxy state­ment and other ma­te­ri­als to be filed with SEC in con­nec­tion with the trans­ac­tion.

Akash Am­bani, Di­rec­tor of Re­liance Jio

Brian Bron­son, CEO of Radisys

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