News Release:

EMULEX OBTAINS NEW ZEALAND GOVERNMENTAL APPROVAL FOR ACQUISITION OF ENDACE

Closing Date is February 12, 2013

COSTA MESA, Calif. and SUNNYVALE, Calif., February 5, 2013 – Emulex Corporation (NYSE:ELX), the leading provider of converged networking solutions, and Endace Limited (LSE:EDA), a leading supplier of network visibility infrastructure products, announced today that the Emulex Takeover Offer for Endace has been approved by the New Zealand Overseas Investment Office, and assurances of continuity have been received for the research and development grants Endace receives from the New Zealand Ministry of Science and Innovation. The Closing Date for shareholders to submit their shares to the Offer is 1 p.m. London time on February 12, 2013 (the “Closing Date”). 

"We are pleased to have passed these major milestones in our acquisition of Endace. Emulex looks forward to completing the acquisition," said Jim McCluney, chief executive officer (CEO) of Emulex.

Mike Riley, CEO of Endace, said, “We have been very pleased by the reception that the Offer has received from the Endace shareholders and our customers. Our employees are also looking forward to the benefits that the acquisition will bring to Endace’s business.”

Endace is a New Zealand incorporated company and therefore the Offer was made pursuant to the New Zealand Takeovers Code (NZTC). When the Takeover Offer was made on December 21, 2012, the Closing Date of the offer period was set for 1 p.m. London time on January 29, 2013. The Closing Date was extended to 1 p.m. London time on February 12, 2013 through a notice that Emulex provided on January 14, 2013 under the NZTC. The Closing Date cannot be extended further unless the Offer is declared unconditional as to level of acceptances. As a result, shareholders are urged to submit their Takeover Offer acceptances to the receiving agent prior to 1 p.m. London time on February 12, 2013.

A copy of Emulex’s Offer, Endace’s response (including the Endace Board recommendation), and the Independent Adviser’s report prepared by Grant Samuel for Endace was sent to Endace shareholders and option holders. Copies of those documents are available from the Endace web site (www.endace.com), and from the Emulex web site (www.emulex.com) through the Emulex Form 8-K filed on December 21, 2012.

About Emulex

Emulex, the leader in converged networking solutions, provides enterprise-class connectivity for servers, networks and storage devices within the data center. The Company's product portfolio of Fibre Channel Host Bus Adapters, 10Gb Ethernet Network Interface Cards, Ethernet-based Converged Network Adapters, controllers, embedded bridges and switches, and connectivity management software are proven, tested and trusted by the world's largest and most demanding IT environments. Emulex solutions are used and offered by the industry's leading server and storage OEMs including, Cisco, Dell, EMC, Fujitsu, Hitachi, Hitachi Data Systems, HP, Huawei, IBM, NEC, NetApp and Oracle. Emulex is headquartered in Costa Mesa, Calif. and has offices and research facilities in North America, Asia and Europe. More information about Emulex (NYSE:ELX) is available at www.Emulex.com.

About Endace

Endace provides world-leading network visibility infrastructure, which is trusted by some of the world’s largest organizations to accelerate their response to network and security problems.

Endace Intelligent Network Recorders guarantee to capture, index and record 100-percent of network traffic while scaling from 1 Gbps to 100 Gbps. EndaceVision is Endace's proprietary web-based application that enables engineers to visualize, search and retrieve network traffic from any Endace Recorder anywhere across the network.

Endace's marketing headquarters are in Sunnyvale, California. R&D is in Auckland, New Zealand. Sales offices across the US, in Reading, UK and Sydney, Australia provide support for customers.

Quoted on London's AIM, the stock code is LSE: EDA.L