Press Release

EasyNet España Expands Broadband Network With Next-Generation Redback Platform Easynet España Chooses SmartEdge Platform to Support its MPLS VPN Services

SAN JOSE, Calif., November 30, 2004 – Redback Networks Inc. (NASDAQ: RBAK), a leading provider of next-generation broadband networking systems, today announced that Easynet España is expanding its broadband network by adding next-generation SmartEdge® systems. Easynet, a leading pan-European broadband networking company, has reinforced its MPLS VPN services in order to provide local and European customers the best quality of service.

“Easynet has always been committed to using advanced technology to serve business customers with the highest level of performance, affordability and quality,” said Julio de Mora, Managing Director of Easynet España. “The next-generation SmartEdge platform from Redback Networks gives us a decisive advantage in expanding our services and capabilities.”

“We are pleased to have Easynet as a longtime customer and to support their growth and vision,” said Marco Wanders, vice president of sales and operations for Europe, Middle East and Africa regions for Redback Networks. “By evolving to a Smart Broadband Network with our SmartEdge platform, Easynet can take on new services and continue its growth and leadership throughout Europe.”

About Redback Networks

Redback Networks Inc., a leading provider of next-generation broadband networking equipment, enables carriers and service providers to build third-generation Smart Broadband Networks that can deliver simplified, personalized, portable subscriber services to consumers and businesses. The company's carrier-class, consumer-scale SmartEdge Router and Service Gateway platforms for Consumer IP combine subscriber management systems and edge routing and, in conjunction with the NetOp™ Element and Policy Manager platform, provide a powerful, flexible infrastructure for managing both subscribers and value-added services.

Founded in 1996 and headquartered in San Jose, Calif., with sales and technical support centers located worldwide, Redback Networks maintains a growing and global customer base of more than 500 carriers and service providers, including major local exchange carriers (LECs), inter-exchange carriers (IXCs), PTTs and service providers. For more information, visit Redback Networks at www.redback.com.

About Easynet Group

Established in 1994, Easynet is a leading pan-European Broadband networking company, providing customers across Europe with innovative, IP-based wide area networking solutions.

Easynet is focused on providing IP solutions that enable organisations to enhance their own profitability. The Easynet European network covers ten countries, allowing companies to connect all their European sites to a high quality, secure and reliable IP VPN service with class of service, essential to the deployment of Voice over IP (VoIP).

Easynet plc is listed on the London Stock Exchange. Information about Easynet can be found at www.easynet.com

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REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark Office and in other countries. SMS and NetOp are trademarks of Redback Networks Inc. All other products or services mentioned are the trademark, service marks, registered trademarks or registered service marks of their respective owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Redback Network’s expectations, beliefs, intentions or strategies regarding the future and including, without limitation, statements regarding its ability to help Easynet expand its services and support its growth as well as any Easynet deployments outside of Spain. All forward-looking statements included in this document are based upon information available to Redback Networks as of the date hereof, and Redback Networks assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These risks and other risks relating to Redback Network’s business are set forth in the documents filed by Redback Networks with the Securities and Exchange Commission (SEC), specifically the most recent report on Form 10-K Form, Form 10-Q, Form 8-K, Redback’s Registration Statement on Form S-3 (File No. 333-114352), and amendments thereto, and the other reports filed from time to time with the SEC.