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Harris Corporation Announces Distribution Ratio for Spin-Off of Harris Stratex Networks, Inc.
MELBOURNE, Florida, May 14, 2009 — Harris Corporation (NYSE-HRS), an international communications and information technology company, today announced the distribution ratio for its previously announced spin-off to its shareholders of all the shares of Harris Stratex Networks, Inc. (NASDAQ: HSTX) common stock owned by Harris. Harris announced on March 31, 2009, that its Board of Directors approved the spin-off to its shareholders. Harris shareholders will receive approximately 0.2484 of a share of Harris Stratex Networks Class A common stock for each share of Harris common stock they held as of 5:30 p.m. Eastern Time on May 13, 2009, the record date for the spin-off. The distribution of the Harris Stratex Networks shares will be effected by means of a taxable pro rata dividend payable on May 27, 2009. Harris shareholders will receive cash in lieu of any fraction of a Harris Stratex Networks share that they would otherwise receive in the spin-off. Harris currently owns approximately 55.8% of the outstanding shares of Harris Stratex Networks. Harris shareholders do not need to take any action to receive shares of Harris Stratex Networks in the spin-off. Record holders of Harris common stock entitled to receive the distribution will receive an account statement reflecting their ownership of Harris Stratex Class A common stock from BNY Mellon Shareowner Services, the transfer agent for Harris Stratex Networks. For additional information, record holders of Harris common stock should contact BNY Mellon Shareowner Services by e-mail at shrrelations@bnymellon.com or by telephone at 1-888-261-6777 for record holders in the U.S. and Canada or at 1-201-680-6578 for record holders outside the U.S. and Canada. Harris shareholders who hold their shares through a broker, bank or other nominee and who are entitled to receive the distribution will have their brokerage, bank or other nominee account credited with Harris Stratex Networks Class A common stock. For additional information, those holders should contact their broker, bank or other nominee directly. Harris will mail to Harris shareholders as of the record date an information statement that includes more detailed information about the spin-off of Harris Stratex Networks, including certain tax consequences. The information statement also will be available on Harris' website at www.harris.com/HSTXspinoff. About Harris Stratex Networks, Inc. About Harris Corporation # # # Investor Relations inquiries: Pamela Padgett at 321-727-9383, or pamela.padgett@harris.com Media inquiries: Jim Burke at 321-727-9131, or jim.burke@harris.com For additional information, contact Harris Corporation at webmaster@harris.com. |

