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                            [CERAGON NETWORKS LOGO]



FOR IMMEDIATE RELEASE



                    CERAGON NETWORKS TO EXPAND MANUFACTURING
                  CAPACITY THROUGH AGREEMENT WITH FLEXTRONICS



         TEL AVIV, ISRAEL, FEBRUARY 13, 2001 - Ceragon Networks Ltd. (NASDAQ:
CRNT), a global provider of high-capacity broadband wireless systems for next
generation communications networks, today announced that it has signed a
strategic manufacturing agreement with Flextronics (NASDAQ: FLEX), a world-class
electronics manufacturing services (EMS) provider. Under the agreement,
Flextronics will provide Ceragon with additional manufacturing capacity,
enabling the company to expand production of its FibeAir product family while
reducing costs.

         "Our aggressive global expansion strategy has created a growing demand
for FibeAir products," said Shraga Katz, president and CEO, Ceragon Networks
Ltd. "We are always exploring new ways to maintain our leadership in the
broadband wireless industry, which includes finding better ways to meet our
production goals. This outsourcing move will allow us to increase our production
capacity so we can dedicate more company resources to developing our next
generation of high-capacity wireless networking products."

         Ceragon's products enable high-capacity networking connections in the
metropolitan market. Service providers use Ceragon systems in metropolitan ring
topologies, private networks and as access connections to large corporate
offices, MTUs or lower capacity technologies, such as point-to-multipoint
networks.


ABOUT CERAGON NETWORKS LTD.

         Ceragon Networks Ltd. is a pacesetter in broadband wireless networking
systems, enabling high-capacity connectivity in metropolitan areas. Uniquely
designed for high-growth, global communications service providers to generate
immediate revenue, Ceragon's commercially proven intelligent broadband network
solutions support high-speed Internet access


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CERAGON EXPANDS MANUFACTURING - 2


and integrated data, video and voice services. Ceragon's FibeAir product family
operates across multiple licensed frequencies from 18 to 38 GHz while complying
with North American and International standards and delivering IP, SONET/SDH and
ATM broadband networks. Ceragon's products enable quick and cost-effective
connections for capacity constrained business customers within their own
networks, or as a gateway onto the backbone infrastructure. Founded in 1996,
Ceragon is headquartered in Tel Aviv, Israel, with North American headquarters
in New Jersey and European headquarters in the UK. More information is available
at www.ceragon.com. Ceragon Networks - the shape of next generation networks.

Certain statements concerning Ceragon's future prospects are "forward-looking
statements" under the Private Securities Litigation Reform Act of 1995. There
can be no assurances that future results will be achieved, and actual results
could differ materially from forecasts and estimates. Important factors that
could cause actual results to differ materially from forecasts and estimates
include: Ceragon's limited operating history and history of losses; Ceragon's
dependence on a limited number of key customers, independent manufacturers and
suppliers; Ceragon's ability to increase its manufacturing capacity; and the
demand for Ceragon's products. These risks and uncertainties, as well as others,
are discussed in greater detail in Ceragon's filings with the Securities and
Exchange Commission. Ceragon makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances after the
date any such statement is made.



Contacts:         Brad Ritter
                  GAJ Services Inc.
                  740-363-2141
                  britter@gajservices.com


                  Laura Yatim
                  Ceragon Networks Ltd.
                  972-3-765-7560
                  laura@ceragon.com


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