Avanex Corp.

DateInflation Amount Per Share*
2/4/2000**$72.857***
2/7/2000$58.34
2/8/2000$74.309
2/9/2000$72.747
2/10/2000$76.092
2/11/2000$78.01
2/14/2000$80.542
2/15/2000$80.522
2/16/2000$79.85
2/17/2000$84.78
2/18/2000$81.439
2/22/2000$80.11
2/23/2000$75.835
2/24/2000$78.913
2/25/2000$85.645
2/28/2000$88.719
2/29/2000$87.449
3/1/2000$85.928
3/2/2000$79.919
3/3/2000$91.57
3/6/2000$101.601
3/7/2000$101.525
3/8/2000$102.036
3/9/2000$100.54
3/10/2000$99.339
3/13/2000$101.649
3/14/2000$94.391
3/15/2000$74.008
3/16/2000$69.465
3/17/2000$70.284
3/20/2000$35.094
3/21/2000$42.536
3/22/2000$46.082
3/23/2000$35.99
3/24/2000$39.737
3/27/2000$35.67
3/28/2000$29.599
3/29/2000$33.111
3/30/2000$37.822
3/31/2000$41.651
4/3/2000$16.355
4/4/2000$4.374
4/5/2000$15.219
4/6/2000$12.806
4/7/2000$9.167
4/10/2000$2.212
4/11/2000$3.126
4/12/2000$0.997
4/13/2000$0
4/14/2000$0
4/17/2000$0
4/18/2000$0
4/19/2000$0
4/20/2000$0
4/24/2000$0
4/25/2000$10.121
4/26/2000$17.456
4/27/2000$37.338
4/28/2000$22.357
5/1/2000$32.311
5/2/2000$22.148
5/3/2000$16.144
5/4/2000$14.546
5/5/2000$6.02
5/8/2000$3.298
5/9/2000$6.148
5/10/2000$3.56
5/11/2000$2.84
5/12/2000$5.508
5/15/2000$4.797
5/16/2000$2.278
5/17/2000$2.25
5/18/2000$2.969
5/19/2000$1.058
5/22/2000$0.79
5/23/2000$0
5/24/2000$0
5/25/2000$0
5/26/2000$0
5/30/2000$0
5/31/2000$0
6/1/2000$1.163
6/2/2000$1.066
6/5/2000$0.606
6/6/2000$1.402
6/7/2000$0.48
6/8/2000$0.821
6/9/2000$0.891
6/12/2000$0.499
6/13/2000$1.218
6/14/2000$0.418
6/15/2000$0.516
6/16/2000$0.634
6/19/2000$0.866
6/20/2000$5.593
6/21/2000$2.684
6/22/2000$1.905
6/23/2000$2.271
6/26/2000$3.397
6/27/2000$3.647
6/28/2000$3.027
6/29/2000$2.403
6/30/2000$2.201
7/3/2000$2.957
7/5/2000$4.058
7/6/2000$3.057
7/7/2000$5.737
7/10/2000$25.869
7/11/2000$24.07
7/12/2000$23.591
7/13/2000$30.384
7/14/2000$24.65
7/17/2000$55.609
7/18/2000$62.466
7/19/2000$39.886
7/20/2000$49.692
7/21/2000$50.117
7/24/2000$45.83
7/25/2000$36.673
7/26/2000$27.427
7/27/2000$21.612
7/28/2000$17.971
7/31/2000$30.391
8/1/2000$22.055
8/2/2000$18.103
8/3/2000$33.455
8/4/2000$39.13
8/7/2000$34.617
8/8/2000$34.955
8/9/2000$35.289
8/10/2000$34.697
8/11/2000$31.202
8/14/2000$42.089
8/15/2000$36.002
8/16/2000$35.64
8/17/2000$36.754
8/18/2000$31.905
8/21/2000$27.108
8/22/2000$31.02
8/23/2000$22.705
8/24/2000$28.763
8/25/2000$26.747
8/28/2000$43.399
8/29/2000$36.542
8/30/2000$36.203
8/31/2000$43.893
9/1/2000$44.073
9/5/2000$52.495
9/6/2000$48.227
9/7/2000$45.828
9/8/2000$37.182
9/11/2000$37.901
9/12/2000$42.866
9/13/2000$48.82
9/14/2000$43.732
9/15/2000$34.464
9/18/2000$25.949
9/19/2000$26.146
9/20/2000$29.892
9/21/2000$20.002
9/22/2000$20.985
9/25/2000$25.74
9/26/2000$22.838
9/27/2000$12.292
9/28/2000$11.467
9/29/2000$15.738
10/2/2000$21.087
10/3/2000$13.898
10/4/2000$8.799
10/5/2000$3.591
10/6/2000$1.721
10/9/2000$5.476
10/10/2000$4.353
10/11/2000$6.68
10/12/2000$2.727
10/13/2000$9.341
10/16/2000$18.539
10/17/2000$21.985
10/18/2000$8.712
10/19/2000$29.42
10/20/2000$29.72
10/23/2000$27.128
10/24/2000$31.689
10/25/2000$17.555
10/26/2000$7.38
10/27/2000$15.401
10/30/2000$10.593
10/31/2000$14.198
11/1/2000$13.535
11/2/2000$14.433
11/3/2000$14.681
11/6/2000$16.57
11/7/2000$11.474
11/8/2000$12.437
11/9/2000$8.558
11/10/2000$8.139
11/13/2000$9.689
11/14/2000$5.354
11/15/2000$6.001
11/16/2000$0.393
11/17/2000$0
11/20/2000$0
11/21/2000$0
11/22/2000$0
11/24/2000$0
11/27/2000$0
11/28/2000$0
11/29/2000$0
11/30/2000$0
12/1/2000$0
12/4/2000$0
12/5/2000$0
12/6/2000$0

* Data shown are adjusted forward for all stock splits between the IPO and 12/6/00.

** Purchases on a date not listed in the chart above have no artificial inflation.

*** Purchases in the IPO itself at $36.00 per share have no artificial inflation.