JDS Uniphase Sets Dividend, Splits Stock

SAN JOSE, Calif., July 12 -- JDS Uniphase Corp.'s Board of Directors has approved a one-for-one stock dividend on its common shares. JDS Uniphase Canada Ltd. concurrently announced that its Board of Directors has approved a two-for-one split of its Exchangeable Shares to mirror the JDS Uniphase Corp. dividend. New JDS Uniphase Corp. common share certificates representing the divided and new JDS Uniphase Canada Ltd. Exchangeable Share certificates will be sent to those holding certificates representing the respective shares as of July 23, 1999, the record date for both events.