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ADTRAN And ADVA Optical Networking Agreed On A Final Draft Of A Domination And Profit And Loss Transfer Agreement; Subject To The Respective Approval By The General Meeting Of ADVA Which Is Scheduled To Be Held On November 30

The board of directors of ADTRAN Holdings, Inc. ("ADTRAN Holdings") and the management board of ADVA Optical Networking SE ("ADVA") agreed on a final draft of a domination and profit and loss transfer agreement ("DPLTA") between ADTRAN Holdings as the controlling entity, and ADVA as the controlled entity.

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