Ruckus Wireless Announces Pricing of Initial Public Offering

Sunnyvale, CA, November 15, 2012, Ruckus Wireless, Inc. (NYSE: RKUS) today announced the pricing of its initial public offering of 8,400,000 shares of its common stock at a price to the public of $15.00 per share. Of the 8,400,000 shares, 7,000,000 shares are being offered by Ruckus Wireless and 1,400,000 shares are being offered by certain selling stockholders. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,260,000 shares. Ruckus Wireless will not receive any proceeds from the sale of shares by the selling stockholders. The shares are expected to begin trading on the New York Stock Exchange on November 16, 2012 under the symbol “RKUS.”

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint book-running managers for the offering. Deutsche Bank Securities is acting as a book-running manager. Needham & Company, Oppenheimer & Co., William Blair, and Craig-Hallum Capital Group are acting as co-managers.

The offering is made only by means of a prospectus, copies of which may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, email: [email protected]; or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: 1-866-718-1649, email: [email protected].

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 15, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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ABOUT RUCKUS WIRELESS

Headquartered in Silicon Valley, Ruckus Wireless is a supplier of advanced wireless systems for the explosive mobile Internetworking industry. The company markets and manufactures a wide range of indoor and outdoor “Smart Wi-Fi” products for mobile operators, broadband service providers, and corporate enterprises around the world. Named a World Economic Forum Technology Pioneer, Ruckus invented and has patented state-of-the-art wireless technology, such as adaptive antenna arrays that focus and direct Wi-Fi transmissions over the best signal path, automatically avoiding sources of Wi-Fi interference. These unique capabilities extend signal range, increase client data rates and ensure consistent and reliable distribution of delay-sensitive multimedia content and services over standard 802.11 Wi-Fi. For more information, visit http://www.ruckuswireless.com.