JDSU’s Spinoff of Lumentum

When did Viavi Solutions spinoff the Lumentum business?

JDS Uniphase Corporation (JDSU) completed the spinoff of its Communications and Commercial Optical Product business segment, named Lumentum Holdings Inc., on August 1, 2015. In connection with the spinoff, JDSU was renamed Viavi Solutions Inc. The JDSU ticker symbol was retired at the end of trading on August 3, 2015 and VIAV began trading on August 4, 2015. All JDSU historical financial information filed with the SEC and historical stock price information will be available under the Viavi Solutions Inc. and VIAV ticker.

What was the share distribution in connection with the Lumentum spinoff?

For every 5 shares of JDSU stock held on July 27 and not sold before August 4, stockholders received 1 share of Lumentum common stock. JDSU shares were renamed Viavi Solutions Inc.

JDSU stockholders only received whole shares of Lumentum in connection with the distribution. Stockholders who were otherwise entitled to a fractional share of Lumentum received cash in lieu of the fractional share, which [was/will be] paid by Lumentum’s stock transfer agent, Computershare. for JDSU.

What did JDSU stockholders have to do to receive Lumentum shares in the distribution?

No action was required by JDSU stockholders to participate in the distribution. On August 4, 2015, Lumentum’s stock transfer agent, Computershare, distributed Lumentum shares and/or cash in lieu of fractional shares to each JDSU stockholder. The Lumentum shares were registered in the name of the original JDSU stockholder or in the “Street name” of their bank or brokerage firms.

Computershare electronically distributed Lumentum shares to your brokerage firm in book-entry form. If the JDSU stockholder owned JDSU stock in certificate form, Computershare mailed a book-entry account statement that reflected the shares of Lumentum common stock received in the distribution.

What did JDSU stockholders have to do to receive the renamed Viavi Solutions shares?

No action was required by the JDSU stockholders. On August 4, 2015, Viavi’s stock transfer agent, American Stock Transfer & Trust or AST, renamed JDSU shares to Viavi shares. If the JDSU stockholder owned JDSU shares in certificate form, these certificates remain valid should the shareholder choose to sell these shares. It is not necessary to surrender JDSU certificates to obtain Viavi certificates.

What are the U.S. income tax consequences of Lumentum share distribution to JDSU stockholders?

Except for any cash received in lieu of a fractional Lumentum share, U.S. stockholders should not recognize any gain or loss as a result of the receipt of Lumentum shares in the distribution. Any cash received in lieu of a fractional Lumentum share should be treated as a taxable sale of the fractional share for U.S. Federal income tax purposes. Gain or loss should be recognized upon a subsequent sale of Lumentum shares received in the distribution.

You are urged to consult your own tax advisor with respect to the U.S. federal, state and local and foreign tax consequences of the distribution.

What are the Canadian and other non-U.S. income tax consequences of Lumentum share distribution to JDSU stockholders?

The tax consequences of the distribution to non-U.S. stockholders depend on the laws applicable to such stockholders. Non-U.S. stockholders should consult with their own tax advisor to determine the income tax implications, if any, of the distribution.

For Canadian resident stockholders, the Canadian Revenue Agency (CRA) has determined that the distribution of Lumentum shares qualifies as an “eligible spin-off” for purposes of section 86.1 of the Income Tax Act of Canada. As such, Canadian resident stockholders can elect to not include the distribution in income under certain circumstances. For more information regarding the CRA’s approval of the distribution as an “eligible spin-off” and information regarding the Canadian income tax implications for Canadian residents, shareholders can visit the CRA’s official website at http://www.cra-arc.gc.ca/tx/bsnss/tpcs/spnffs-eng.html. Canadian resident stockholders should consult with their own tax advisor to determine the income tax implications of the distribution.

How will I determine my stock purchase cost basis for Viavi and Lumentum shares that I receive in the distribution?

For U.S. federal income tax purposes, your aggregate tax basis for the common stock that you hold in Viavi and the Lumentum common stock you received in the distribution (including any fractional share interest in Lumentum common stock for which cash is received) will equal the aggregate tax basis in the JDSU common stock held by you immediately before the distribution. The allocation of tax basis between shares of Viavi and Lumentum may be based on their relative fair market values at the time of the distribution on August 4, 2015. As described more fully in Form 8937, using this method, the pre-distribution tax basis in JDSU shares would be allocated 59.6% to Viavi shares and 40.4% to Lumentum shares.

Please consult with your own tax advisor regarding the consequences of the distribution, the application of the tax basis allocation methodology and the application of state, local and foreign tax laws.

Stock Information

On which stock exchanges are Viavi Solutions shares traded?

Viavi Solutions common shares are traded on the Nasdaq stock exchange under the trading symbol VIAV. In addition, Viavi Solutions convertible notes are eligible for trading on the PORTAL market.

When has Viavi Solutions’s stock split?

On date, 2015, JDSU was renamed Viavi Solutions. To view the complete stock split history for JDSU.

How many shares are outstanding?

The latest SEC Form 10-Q or 10-K lists the shares outstanding as of the dates listed thereon. These forms are available under SEC Filings.

How can I obtain your SEC documents, such as your Form 10-K?

SEC documents can be accessed from SEC Filings.

Stockholder Information

Who are the independent auditors for Viavi Solutions?

PricewaterhouseCoopers LLP are the independent auditors for Viavi Solutions.

Does Viavi Solutions have a direct purchase plan or a direct reinvestment plan?

Viavi Solutions does not administer a direct purchase plan or a direct reinvestment plan.

Does Viavi Solutions issue cash dividends?

Viavi Solutions does not currently pay cash dividends.

I did not receive my annual report and proxy statement.

If you are a beneficial stockholder, you hold your stock in a brokerage account. You should contact the agent or broker through whom you purchased your stock and make sure that you have reported any address changes. If you are a registered stockholder, you hold your stock certificate(s) in your possession. You should contact American Stock Transfer and Trust.

Please note that you can now register to receive your annual report, proxy and voting materials electronically, over the Internet.

Who is the stock transfer agent for Viavi Solutions?

For shareholders of common stock who elect to hold their stock certificates personally, our transfer agent is American Stock Transfer and Trust.

How do I report a change of mailing address?

You may change your current mailing address by accessing your account and completing the change of address form. If you do not know how to access your account and you hold stock in a brokerage account, please contact your broker to update your address. If you hold a stock certificate, please contact our transfer agent American Stock Transfer and Trust.

How do I replace a lost or stolen certificate(s)?

To begin the certificate replacement process, first access your account. Complete and submit the Lost Certificate(s) form. Upon receipt, we will begin the replacement process and mail the necessary forms to the mailing address maintained on the account. The forms will be accompanied by a cover letter explaining the process. If you do not know how to access your account, please contact our transfer agent American Stock Transfer and Trust.

How can I sell my shares?

You may contact a broker of your choice.

Financial Information

Why does Viavi Solutions report non-GAAP results?

We report both GAAP and non-GAAP results in our SEC filings. The additional non-GAAP information, such as non-recurring charges and credits, can help you evaluate our performance more thoroughly.

When does your fiscal year end?

Our fiscal year ends on the last Saturday in the month of June.

When will your results be announced?

Details regarding our results release dates are available on our IR Calendar.

Corporate Information

What business is Viavi Solutions in?

Viavi Solutions is a leading provider of solutions targeted at Service Provider and Enterprise organizations globally. Whether its infrastructure design, system build out, performance optimization, or data monetization, Viavi Solutions readies today’s companies across the entire network development lifecycle for best in class customer experience management. Furthermore, Viavi Solutions is the leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, brand authentication, aerospace and defense, and decorative applications.

Where are Viavi Solutions headquarters?

430 North McCarthy Boulevard Milpitas, CA 95035 U.S.A.

How can I obtain a copy of your annual report?

Viavi’s shareholder proxy statement report is available under SEC filings. To request a copy be mailed to you, e-mail investor.relations@viavisolutions.com .

I would like to be on your quarterly mailing list.

We encourage stockholders to stay informed by registering for e-mail alerts that will notify them whenever new information is available on Viavi Solutions.

Who should I contact for further information?

Contact Investor Relations for more information.