Press Release

Redback Networks Executive to Present at the NASDAQ 18th Investor Program

SAN JOSE, Calif., December 01, 2006 – Redback Networks Inc. (NASDAQ: RBAK), a leading provider of multi-service edge routers for next-generation broadband networking systems, announced that Thomas L. Cronan III, senior vice president of finance and administration and chief financial officer, will be presenting at the NASDAQ 18th Investor Program, Tuesday, December 5th, 3:45 -4:30 pm UK at The Chancery Court Hotel, London, U.K. 

The audio only portion of the presentation will be webcast simultaneously during the conference and archived for 30 days.  To access the webcast of this presentation, go to:

http://investor.shareholder.com/nasdaq/london.cfm

About Redback Networks
Redback Networks Inc. manages 50 million broadband connections (SMS+SmartEdge products) for 15 of the top 20 carriers worldwide. Redback’s multi-service routing platform delivers next generation broadband services such as VoIP, IPTV, Video-on-Demand and on-line gaming. Redback Networks has more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006, Redback marks its 10 year anniversary, celebrating ten years of broadband innovation. For more information, visit Redback Networks at www.redback.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 trademarks, service marks, registered trademarks or registered service marks of their respective owners.