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Avaya To Make $105 Million Voluntary Contribution To Pension Plan

09-08-2003

Avaya Inc., (NYSE:AV) a leading global provider of communicationsnetworks and services for businesses, today said it would make avoluntary contribution of $105 million to its pension plan thismonth.

Avaya Inc., (NYSE:AV) a leading global provider ofcommunications networks and services for businesses, today said itwould make a voluntary contribution of $105 million to its pensionplan this month.

The voluntary contribution is in addition to the $42 million incontributions Avaya is obligated to make to the plan in fiscal2003. Of the $42 million, Avaya made a $7 million contribution inApril and a $7 million contribution in July and said it would makea $28 million contribution this month.

The company said as a result of the additional voluntary $105million contribution it would not have to make a previouslyannounced $44 million contribution to its pension plan in fiscal2004.

Avaya said it would fund the entire voluntary contribution usinga portion of the proceeds from a sale of common stock it announcedearlier today.

About Avaya
Avaya Inc. designs, builds and manages communications networks formore than 1 million businesses worldwide, including 90 percent ofthe FORTUNE 500®. Focused on businesses large to small, Avaya is aworld leader in secure and reliable Internet Protocol (IP)telephony systems and communications software applications andservices.

Driving the convergence of voice and data communications withbusiness applications — and distinguished by comprehensiveworldwide services — Avaya helps customers leverage existing andnew networks to achieve superior business results. For moreinformation visit the Avaya Web site: http://www.avaya.com

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