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Foundry Networks Announces Updated Financial Conference Schedule

San Jose, CA - February 7, 2005 - Foundry Networks®, Inc. (Nasdaq: FDRY), today announced the following upcoming financial community events:

Deutsche Bank IT Hardware Conference
Location: Miami, FL
March 9, 2005—Time: 3:05 p.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

Merrill Lynch Communications Forum
Location: Dallas, TX
March 8, 2005—Time: 9:00 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

RBC Capital Markets 8th Annual Telecom, Media and Technology Conference
Location: Calgary, Alberta
February 23, 2005—Time: 3:15 p.m. Local Event Time
Presenter: Mike Iburg, Treasurer

Thomas Weisel Partners Technology Conference
Location: San Francisco, CA
February 8, 2005—Time: 11:30 a.m. Local Event Time
Presenter: Tim Heffner, Chief Financial Officer

These presentations can be accessed on the Internet at www.foundrynetworks.com, under the Investor Relations page.

About Foundry Networks

Foundry Networks, Inc. (NASDAQ: FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, metro routers and core routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.

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