Lucent Technologies declares quarterly dividend, payable March 1, 2001

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FOR RELEASE WEDNESDAY JANUARY 24, 2001


MURRAY HILL, N.J. - Lucent Technologies' (NYSE: LU) board of directors has declared a quarterly dividend of two cents ($0.02) per common share, payable March 1, 2001 to shareowners of record on Feb. 5, 2001.

The dividend will go to more than five million shareowners.

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers the systems, software, silicon and services for next-generation communications networks for service providers and enterprises. Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as broadband and mobile Internet infrastructure; communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com.


For more information, reporters may contact:

Debra Lewis
Lucent Technologies
(908) 582-3193 (work)
Email:dflewis@lucent.com