Lucent announces two-for-one stock split - Stock to split for second-time in 12 months

WILMINGTON, Del. -- Lucent Technologies announced at its Annual Shareowners Meeting today that its Board of Directors approved a two-for-one stock split of its common shares. Lucent's stock, the second most widely held in the United States, is splitting for the second time in 12 months.

New shares will be issued on April 1 to shareowners of record on March 5.

"Today's announcement not only recognizes Lucent's growth, but also the opportunities that lie ahead for our company and our shareholders," said Richard McGinn, chairman and chief executive officer. "Three years ago, we called Lucent the opportunity of a lifetime. That statement holds true today. Lucent is positioned to be the leader of the communications networking industry of the 21st Century."

As of January 31, 1999, Lucent had approximately 1.32 billion common shares outstanding. The company currently has about three million shareowners.

Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microlectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent Technologies, visit the company's Web site at http://www.lucent.com.