Clarent Corporation Provides Update on NASDAQ Determination

1/8/2002 - Clarent Corporation (Nasdaq: CLRNE) announced today that it received a Nasdaq Notice of Additional Concerns on January 3, 2002 indicating that the Company has failed to comply with Marketplace Rule 4310(c)(14) with respect to its Annual Report on Form 10-K for the year ended December 31, 2000 because the Annual Report does not contain audited financial statements. Additionally, the Nasdaq notice indicated that the information contained in the Company’s September 4, 2001 and October 23, 2001 press releases raises public interest concerns under Marketplace Rules 4300 and 4300(a)(3) related to the protection of investors.

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