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Visual Networks Updates Fourth-Quarter Business Expectations

Rockville, MD, January 5, 2004 — Visual Networks®, Inc. (NASDAQ: VNWK), today announced updated financial and operating expectations for the quarter, ended December 31, 2003.

Visual Networks expects revenue to be between $10.5 million and $11.0 million an increase from the previously guided range of $9.5 million to $9.8 million discussed in the company's October 16, 2003 conference call. Operating expenses for the quarter are expected to be in the $8.6 to $9.1 range, slightly higher than previously guided. The company expects the loss per share to be between $0.03 and $0.05 for this same time period.

The company also reiterated that it will release full fourth quarter financial results on Thursday, January 15, 2004. The fourth quarter conference call will be held on Thursday, January 15, at 4:45 p.m. EST. There will be a live web cast of the conference call, to listen simply visit the Investor Relations site at http://www.firstcallevents.com/service/ajwz395335625gf12.html. Windows Media Player is required to hear the event.

For those unable to listen to the live web cast, an online replay of the call will be available on the Investor Relations section of Visual Networks' Web site.

About Visual Networks
Visual Networks was recognized as a World Class Winner in Network World's recent network management product review (to view article: http://www.nwfusion.com/reviews/2003/1006rev.html) and has the broadest suite of proven performance management solutions that help enterprise customers manage the delivery of mission-critical applications across their underlying infrastructure. Visual Networks' products increase application and network availability, optimize the use of bandwidth, and reduce operating costs across traditional and new IP-based infrastructures.

The world's leading service providers and enterprises are using Visual Networks' award-winning products. To find out more, call 1-800-240-4010 for sales information.

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