CERAGON NETWORKS INTRODUCES A 5.

8 GHZ LICENSE-EXEMPT CARRIER-CLASS SYSTEM

Companys FibeAir 4858 Provides Low Cost IP & TDM

TEL AVIV, Israel, August 19, 2004Ceragon Networks Ltd. (NASDAQ: CRNT), www.ceragon.com, a global provider of high-capacity broadband wireless systems, today introduced FibeAir 4858, a carrier-class wireless transmission system. Ceragons FibeAir 4858 is a robust, low-cost, point-to-point (PTP) system that ensures immediate connectivity for voice and data over a single radio link. FibeAir 4858 carries IP and TDM over 5.725- 5.850 GHz license-exempt bands and is suitable for remote site connectivity and effective backhauling for wireless ISPs, hotspots and cellular applications. This product provides a maximum rate of 48 Mbps, Ethernet and up to 6xE1/T1s. FibeAir 4858 can operate at a maximum distance of 80 Km (50 miles) and complies with ETSI and FCC regulatory standards. The introduction of FibeAir 4858 strengthens Ceragons IP-based portfolio for both license and license-exempt frequencies, which includes PTP Fast Ethernet solutions up to a Gigabit capacity, with multiple combinations of carrier-class TDM traffic said Shraga Katz, President and CEO, Ceragon Networks Ltd. Service providers and enterprise customers that deploy the product will benefit from quick implementation, excellent performance and reliability as well as from fast return on investment. FibeAir 4858 is a split-mount radio configuration, and it is a compact and complete solution which can be used with either an integral antenna or a variety of external antennas. It utilizes Orthogonal Frequency Division Multiplexing (OFDM) technology with non-line of sight (NLOS) capabilities. FibeAir 4858 also offers telecom grade of E1/T1 abilities in addition to the IP services and it is managed by an SNMP based user-friendly application.

About Ceragon Networks Ltd. Ceragon Networks Ltd. (NASDAQ: CRNT), a pacesetter in broadband wireless networking systems, enables rapid and cost-effective high-capacity network connectivity for mobile cellular infrastructure, fixed networks, private networks and enterprises. Ceragons modular FibeAir product family operates across multiple frequencies, supports integrated high-capacity services over SONET/SDH, ATM and IP networks, and offers innovative built-in add/drop multiplexing and encryption functionality to meet the growing demand for value-added broadband services. Ceragons FibeAir product family complies with North American and international standards and is installed with over 150 customers in more than 50 countries. More information is available at www.ceragon.com
Ceragon Networks, CeraView, and the FibeAir design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon, FibeAir, PolyView, ConfigAir, CeraMon, EtherAir, QuickAir, QuickAir Partner Program, QuickAir Partner Certification Program, QuickAir Partner Zone, EncryptAir and Microwave Fiber are trademarks of Ceragon Networks Ltd. This press release may contain statements concerning Ceragons future prospects that are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance 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: Ceragons limited operating history and history of losses; Ceragons dependence on a limited number of key customers, independent manufacturers and suppliers; and the demand for Ceragons products and technology. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragons Annual Report on Form 20-F and Ceragons other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.

Company Contact: Eric Rosenberg Ceragon Networks Ltd. +972-3-766-8430 ericr@ceragon.com

Investor Contact: Daphna Golden Ceragon Networks Ltd. +972-3-645-5513 ir@ceragon.com