Special Committee of the Board of Directors of Optical Communication Products Adopts a 30-Day Shareholder Rights Plan To Protect

  
    
  
  
    
      Optical Communication Products, Inc. (Nasdaq: OCPI) (“OCP”) 
      today announced that the Special Committee of its Board of Directors has 
      adopted a 30-day shareholder rights plan to protect the interests of OCP’s 
      minority shareholders. The Furukawa Electric Co. Ltd. has a 58.2% 
      ownership interest in OCP that it recently agreed to sell to Oplink 
      Communications, Inc. In addition, Oplink has proposed to purchase OCP’s 
      remaining outstanding common stock not owned by Furukawa.
    
    
      Hobart Birmingham, Chairman of the Special Committee of the OCP Board of 
      Directors, said: “We have adopted this limited 
      shareholder rights plan as a precautionary measure to protect our 
      shareholders while we carefully evaluate Oplink’s 
      unsolicited offer to acquire OCP’s minority 
      shares. The Special Committee has not reached any conclusions, but we 
      will continue to work diligently and announce the results of our 
      evaluation in due course.”
    
    
      Under the plan, the Special Committee has declared a dividend 
      distribution of one right for each outstanding share of OCP Common Stock 
      to shareholders of record as of May 14, 2007.
    
    
      These rights, which will expire on June 2, 2007, will become exercisable 
      only under three specific conditions: the closing of Oplink’s 
      purchase of Furukawa’s 58.2% ownership 
      interest in OCP, the acquisition of more than 15% of OCP’s 
      outstanding common stock by a third party, or the acquisition of any 
      additional shares by Furukawa or Oplink.
    
    
      A copy of the shareholder rights plan, along with a cover letter, will 
      be mailed to shareholders as of the record date and filed with the 
      Securities and Exchange Commission. These materials also are available 
      on the investor relations portion of OCP’s 
      web site at www.ocp-inc.com.
    
    
      About Optical Communication Products, Inc. (OCP)
    
    
      Founded in 1991, OCP designs, manufactures and sells a comprehensive 
      line of fiber optic components for metropolitan, local area and 
      fiber-to-the-home networks. Its global speed-to-market strategy calls 
      for increased international market penetration, fast-paced product 
      development and flexible, turnkey manufacturing capacity. The Company’s 
      product lines include optical transceivers, transmitters and receivers. 
      For more information, visit OCP’s web site at www.OCP-inc.com 
      or Investor Digest at www.globalprovince.com/ocpiindex.htm.
    
    
      Safe Harbor Statement under the Private Securities Litigation Reform 
      Act of 1995
    
    
      This release contains forward-looking statements that involve risks and 
      uncertainties. Actual results may differ materially from the results 
      predicted. Important factors which could cause actual results to differ 
      materially from those expressed or implied in the forward-looking 
      statements include those detailed under “Risk 
      Factors” and elsewhere in filings with the 
      Securities and Exchange Commission made from time to time by OCP, 
      including its periodic filings on Forms 10-K, 10-Q and 8-K. Other 
      factors that could cause our actual results to differ materially from 
      those expressed or implied in the forward-looking statements include (A) 
      factors relating to the Company and the fiber optic communications 
      industry, such as (i) the risk that our customers are unable to reduce 
      their inventory levels in the near-term and (ii) the risk that we are 
      unable to diversify and increase our customer base; (B) factors relating 
      to the acquisition of GigaComm, such as (i) the possibility that the 
      anticipated benefits from the acquisition cannot be fully realized, (ii) 
      our ability to successfully integrate the operations of GigaComm with 
      those of OCP, and the possibility that costs or difficulties related to 
      the integration will be greater than expected, (iii) our ability to 
      implement future business and acquisition strategies, and (iv) our 
      ability to retain personnel of GigaComm; (C) factors relating to our 
      manufacturing contract with SAE Magnetics, such as the possibility that 
      the expected benefits from that contract will not be fully realized or 
      will be delayed; (D) factors relating to doing business in Taiwan and 
      The People’s Republic of China, such as, but 
      not limited to (i) risks relating to political and diplomatic issues 
      between Taiwan and The People’s Republic of 
      China, (ii) difficulty of managing global operations, including staffing 
      and managing foreign operations, (iii) differing labor regulations, and 
      (iv) foreign currency risk; and (E) factors relating to Oplink’s 
      pending acquisition of the shares of OCP capital stock beneficially 
      owned by Furukawa and Oplink’s proposal to 
      acquire the remaining outstanding capital stock of OCP by means of a 
      merger. OCP undertakes no obligation to release publicly any revisions 
      to any forward-looking statements to reflect events or circumstances 
      after the date hereof or to reflect the occurrence of unanticipated 
      events.