Mr. Parker will join the company on Nov. 27, 2007 and will be responsible for executing the company's sales strategy, improving sales processes and increasing sales globally.

Mr. Parker brings over 20 years of sales and marketing experience in the optical and semiconductor industries and has a strong track record in driving sales growth and leading customer-focused teams.

Prior to joining Avanex, Mr. Parker served as the vice president of sales and marketing at Integration Associates and as CEO at Chelsio Communications, both start-up companies funded by Sequoia Capital. Prior to that, Mr. Parker served as senior vice president of sales and marketing for JDSU where he integrated the sales and customer service teams from numerous acquisitions. Mr. Parker also held sales and general manager positions at VLSI, National Semiconductor and Intel.

Mr. Parker earned an M.B.A and a B.S. in Marketing from the University of Utah.

As Avanex's senior technical officer, Dr. Giovanni Barbarossa has overall responsibility for the technology direction of the company.

Dr. Barbarossa has an impressive record of technical achievement and broad experience with some of the foremost companies in the optical communications industry, including Lucent and Agilent Technologies. His responsibilities at Avanex encompass continued innovation in the company's pioneering photonic processing technologies, and rapid development of viable passive components with immediate application and multi-functional intelligent modules and subsystems for optical network applications.

Dr. Barbarossa began his career at Avanex in February 2000 as Director of Research and Development. He subsequently was promoted to VP, Product Development and was assigned responsibility for all product development, including optical platform design, process engineering, packaging, automation, electronics and software development.

Throughout his career, Dr. Barbarossa has been instrumental in a number of key product development initiatives. He had management responsibilities for the development of advanced optical switching platforms during his tenure with the Optical Networking Division of Agilent Technologies. In addition, he led the Lucent Technologies Arrayed Waveguide Grating design team in the Optical Application Specific Integrated Circuits department, with overall responsibility for Planar Lightwave Circuit design and wafer technology as well as packaging and test development. Earlier, he was a member of the Technical Staff of Bell Laboratories. Before joining Bell Laboratories, he served on the faculty of Polytechnic of Bari, Italy, and was an assistant researcher in the Oxide Glasses for Future Networks Group at British Telecom Research Laboratories.

Dr. Barbarossa received his Ph.D. in electrical engineering from the University of Glasgow, Scotland, and a bachelor of science in electrical engineering, cum laude, from the University of Bari, Italy.

Holdings: 109,586 shares     View Transactions

Date	Type	Shares Traded	Price Range
Apr 22, 2008	Automatic Sell	833	0.75
Mar 24, 2008	Automatic Sell	834	0.67
Feb 22, 2008	Automatic Sell	833	0.79
Jan 25, 2008	Automatic Sell	833	0.89
Jan 4, 2008	Automatic Sell	28,261	0.90 - 0.94
Dec 21, 2007	Automatic Sell	834	1.36
Nov 21, 2007	Automatic Sell	833	1.47
Oct 23, 2007	Automatic Sell	833	1.67
Oct 21, 2007	Acquisition (Non Open Market)	30,000	0.00
Oct 4, 2007	Automatic Sell	28,261	1.71
Sep 21, 2007	Automatic Sell	834	1.67
Sep 6, 2007	Acquisition (Non Open Market)	36,476	0.00
Aug 22, 2007	Automatic Sell	833	1.66
Jul 23, 2007	Automatic Sell	833	1.97
Jul 3, 2007	Automatic Sell	28,261	1.81
Jun 21, 2007	Automatic Sell	834	1.79
May 23, 2007	Automatic Sell	833	1.57
Apr 24, 2007	Automatic Sell	833	1.77
Apr 4, 2007	Automatic Sell	28,261	1.70 - 1.74
Mar 31, 2007	Option Execute	28,261	0.00
Mar 21, 2007	Acquisition (Non Open Market)	10,715	n/a
Mar 21, 2007	Automatic Sell	834	1.82
Mar 20, 2007	Option Execute	834	0.00
Feb 21, 2007	Automatic Sell	833	2.06
Feb 20, 2007	Option Execute	833	0.00
Jan 25, 2007	Automatic Sell	833	2.10
Jan 20, 2007	Option Execute	833	0.00
Dec 31, 2006	Option Execute	28,261	0.00
Dec 21, 2006	Automatic Sell	10,000	1.83
Dec 20, 2006	Option Execute	10,000	0.00
Oct 2, 2006	Automatic Sell	28,261	1.67
Sep 30, 2006	Option Execute	28,261	0.00
Jul 11, 2006	Automatic Sell	28,260	1.64
Jun 30, 2006	Option Execute	28,260	0.00
May 11, 2006	Sell	195,374	2.00 - 2.03
May 11, 2006	Option Execute	179,166	1.01
Mar 31, 2006	Disposition (Non Open Market)	12,053	3.15
Mar 31, 2006	Option Execute	28,261	0.00
Jan 3, 2006	Automatic Sell	28,261	1.87

Mr. Edsell is Senior Vice President and General Manager of Avanex and is responsible for the transmission, components and modules, and advanced modules and subsystems business units, along with the development center in Shanghai.

Mr. Edsell brings over 23 years of senior executive experience in the optical and microelectronic industries with a proven record of success.

Mr. Edsell has held several CEO positions in both private and public companies. In the private sector, he was the CEO of NP Photonics, specializing in the sensing, medial and R&D markets, where he led the development of a new strategic plan for the company and improved the overall financial performance of the company. In the public sector, Mr. Edsell served as the CEO of Spectra-Physics, where he led the company's transition from generating significant losses to solid profitability, completed a successful IPO and subsequent sale to Thermo Electron. Mr. Edsell also has held upper management positions at Pharos AB in Stockholm, Sweden, GP Technology, Sun Company, and GE.

Mr. Edsell earned his M.B.A from the University of New Mexico, an M.A. in Economics from Ohio State University and a B.S. in Economics from the U.S. Air Force Academy.

Holdings: 307,500 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 7, 2008	Automatic Sell	32,500	0.70 - 0.73
Feb 15, 2008	Acquisition (Non Open Market)	3,000	0.68
Oct 21, 2007	Acquisition (Non Open Market)	75,000	0.00
Oct 10, 2007	Automatic Sell	14,130	1.82 - 1.87
Sep 6, 2007	Acquisition (Non Open Market)	19,130	0.00
Mar 21, 2007	Acquisition (Non Open Market)	260,000	n/a

Bradley Kolb joined Avanex in March of 2006 as Senior Vice President of Operations.

Mr. Kolb has over 20 years of operational and financial experience with an extensive background in managing contract manufacturing sites around the globe. Prior to joining Avanex, Mr. Kolb was Vice President of Operations and Chief Financial Officer at Vivato Inc., a venture backed startup producing WiFi infrastructure products. Prior to that, Mr. Kolb served as Vice President of Operations at Proxim Inc., a manufacturer of wireless networking equipment for WiFi and broadband wireless networks. Mr. Kolb also served as Vice President of Operations at Resilience Corporation, and held various management positions at American Microdevices Manufacturing Inc., Motorola, Litton Applied Technology and Varian Associates.

Mr. Kolb holds an MBA from the University of Chicago Graduate School of Business, and a B.S. degree in Electrical Engineering from the University of Illinois.

Holdings: 125,546 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 31, 2008	Automatic Sell	4,674	0.68
Feb 15, 2008	Acquisition (Non Open Market)	3,000	0.07
Jan 9, 2008	Automatic Sell	22,500	0.80
Oct 21, 2007	Acquisition (Non Open Market)	55,000	0.00
Oct 16, 2007	Automatic Sell	11,250	1.71
Oct 10, 2007	Automatic Sell	30,000	1.82 - 1.87
Oct 4, 2007	Automatic Sell	22,500	1.71
Sep 6, 2007	Acquisition (Non Open Market)	35,074	0.00
Aug 15, 2007	Acquisition (Non Open Market)	1,165	1.17
Jul 5, 2007	Automatic Sell	22,500	1.86
Apr 4, 2007	Automatic Sell	22,500	1.70
Mar 31, 2007	Option Execute	25,000	0.00
Mar 21, 2007	Acquisition (Non Open Market)	9,272	n/a
Feb 15, 2007	Acquisition (Non Open Market)	959	1.17
Jan 3, 2007	Automatic Sell	22,500	1.92 - 1.93
Dec 31, 2006	Option Execute	25,000	0.00
Oct 2, 2006	Automatic Sell	22,500	1.65
Sep 30, 2006	Option Execute	25,000	0.00
Jul 11, 2006	Automatic Sell	22,500	1.64
Jun 30, 2006	Option Execute	25,000	0.00
Mar 31, 2006	Disposition (Non Open Market)	10,684	3.15
Mar 31, 2006	Option Execute	25,000	0.00

Dr. Jo Major is Chairman of the Board, President, and Chief Executive Officer of Avanex. He has an extensive record of accomplishment as a senior executive in tier-one businesses. Dr. Major's experience includes internal and acquisition expertise in product development and introduction, especially with regard to driving the development of highly differentiated products from the design stage to manufacturing.

Dr. Major has spent 14 years with JDS Uniphase Corporation and with SDL, Inc. before its merger with JDS in 2001. At JDS Uniphase, he served successively as Senior Vice President and General Manager of the Components Business Group, as Vice President and General Manager of the Active Components Business Group and as Vice President and General Manager of the Optical Pump Business Unit.

At various times during his career with JDS Uniphase, Dr. Major was responsible for business unit profit and loss, customer and product line marketing, product development, product engineering, contract negotiation and forecasting, as well as rationalization and loading of factories in San Jose and Santa Clara, California; Victoria, British Columbia; Plymouth, United Kingdom; Ewing, New Jersey; Windham, Connecticut; Eindhoven, Holland, and Shenzhen, China. His product line responsibilities included pump lasers, receivers, source lasers, and lithium niobate modulators; all passive product lines, including passive modules, and waveguide product groups.

Dr. Major began his professional career at SDL, Inc. as a Research Scientist. He subsequently was promoted to Staff Scientist, to Senior Engineering Section Manager of the Communications Business Unit, to Director of Product Development of the Communications Business Unit and to Director of the Communications Business Unit.

At the time of the SDL and JDS merger, he was Vice President of the Optical Pump Business Unit, with responsibility for all pump laser products, erbium-doped amplifiers, Raman amplifiers and fiber Bragg gratings

As a Research Scientist, he was involved in the first demonstration and commercial introduction of the 980 nm pump laser diode, the commercial introduction of 2 micron lasers and the commercial introduction of high-power 250 mW 852 nm pump lasers for atomic (Ce) clocks. These devices remain the highest power frequency-stabilized laser diodes ever commercialized.

Dr. Major earned his Ph.D., M.S. and B.S. in electrical engineering from the University of Illinois. He was an Intel Fellow from 1988-1990, and also has studied finance, marketing and business management at Stanford University.

Holdings: 1,153,856 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 20, 2008	Automatic Sell	14,394	0.66
Feb 15, 2008	Acquisition (Non Open Market)	3,000	0.68
Jan 9, 2008	Automatic Sell	34,240	0.80
Oct 21, 2007	Acquisition (Non Open Market)	160,000	0.00
Oct 10, 2007	Automatic Sell	39,458	1.82 - 1.87
Oct 1, 2007	Automatic Sell	34,240	1.62
Sep 6, 2007	Acquisition (Non Open Market)	87,684	0.00
Aug 15, 2007	Acquisition (Non Open Market)	3,000	0.80
Jul 2, 2007	Automatic Sell	34,240	1.78 - 1.79
Mar 30, 2007	Automatic Sell	34,240	1.79 - 1.80
Mar 21, 2007	Acquisition (Non Open Market)	25,756	n/a
Mar 20, 2007	Option Execute	4,166	0.00
Feb 20, 2007	Option Execute	4,166	0.00
Feb 15, 2007	Acquisition (Non Open Market)	3,000	0.80
Jan 20, 2007	Option Execute	4,166	0.00
Jan 3, 2007	Automatic Sell	34,240	1.87
Dec 31, 2006	Option Execute	76,087	0.00
Dec 20, 2006	Option Execute	50,000	0.00
Dec 20, 2006	Automatic Sell	22,500	1.77
Oct 2, 2006	Automatic Sell	34,240	1.70
Sep 30, 2006	Option Execute	76,087	0.00
Aug 15, 2006	Acquisition (Non Open Market)	3,000	0.80
Jun 30, 2006	Option Execute	76,087	0.00
Jun 30, 2006	Automatic Sell	34,240	1.72 - 1.76
Mar 31, 2006	Disposition (Non Open Market)	29,248	3.15
Mar 31, 2006	Option Execute	76,087	0.00
Feb 15, 2006	Acquisition (Non Open Market)	3,000	0.80
Dec 8, 2005	Buy	200,000	0.86 - 0.93

Marla Sanchez joined Avanex in 2006 and is responsible for all areas of finance, corporate planning and administration. Ms. Sanchez brings over 20 years of experience in international finance, cost accounting, controllership and strategic planning. Prior to joining Avanex, she was the Interim Chief Financial Officer at a portfolio company for SDL Ventures, a Silicon Valley investment firm specializing in early stage funding for optical technologies. Prior to that, Ms. Sanchez served as Corporate Controller for SDL, Inc., where she was responsible for all financial reporting, improving the quarterly close process, managing and building the finance team and financially integrating acquisitions. Ms. Sanchez was also the Director of Manufacturing Finance and Cost Systems for VLSI Technology and held controllership positions for Diasonics Corporation and Ridge Computers. She also held positions at Advanced Micro Devices and Four Phase Systems.

Ms. Sanchez earned a M.B.A in finance from the University of Santa Clara and a M.S. and B.S. in biological science from Stanford University.

Holdings: 467,061 shares     View Transactions

Date	Type	Shares Traded	Price Range
Mar 31, 2008	Automatic Sell	928	0.68
Mar 31, 2008	Automatic Sell	928	0.68
Mar 27, 2008	Option Execute	5,312	0.00
Feb 27, 2008	Option Execute	5,313	0.00
Feb 15, 2008	Acquisition (Non Open Market)	3,000	0.68
Jan 27, 2008	Option Execute	5,312	0.00
Dec 27, 2007	Option Execute	5,313	0.00
Nov 27, 2007	Option Execute	5,312	0.00
Oct 27, 2007	Option Execute	63,750	0.00
Oct 21, 2007	Acquisition (Non Open Market)	75,000	0.00
Sep 6, 2007	Acquisition (Non Open Market)	34,369	0.00
Aug 15, 2007	Acquisition (Non Open Market)	3,000	1.39
Mar 21, 2007	Acquisition (Non Open Market)	7,620	n/a
Mar 9, 2007	Buy	21,057	1.77
Mar 8, 2007	Buy	69,943	1.83