PARIS, September 3 /PRNewswire/ --

- Issuance by Alcatel-Lucent of OCEANEs

The Joint Lead-Managers & Joint Bookrunners of the OCEANEs
offering have informed Alcatel-Lucent (Euronext Paris and NYSE: ALU) that
they exercised today in full the over-allotment option.

As a result, the total issue size is increased to
EUR999,999,999.29 corresponding to 309,597,523 OCEANEs.

The expected date of issue and settlement and delivery for the
Bonds is September 10, 2009.

This press release does not constitute an offering to
subscribe, and the offering of the Bonds is not a public offering in any
jurisdiction except in France.

DISCLAIMER

This press release must not be published, released or
distributed, directly or indirectly, in Canada, Japan or Australia.

This press release and the information contained herein do not
constitute an offer to sell or subscribe, nor the solicitation of an order to
purchase or subscribe, securities in the United States or in any other
country. In particular, securities may not be offered or sold in France
absent a prospectus approved by the AMF. The release, publication or
distribution of this press release in certain jurisdictions may be restricted
by laws or regulations. Therefore, persons in such jurisdictions into which
this press release is released, published or distributed must inform
themselves about and comply with such laws or regulations.

The offer and sale of the Bonds in France were first carried out in a
private placement in accordance with article L.411-2-II of the French
Monetary and Financial Code. The offer is made to the public in France
following the granting of the "visa" by the AMF on the prospectus from
September 3, 2009 to September 7, 2009.

With respect to the member States of the European Economic Area, other
than France, which have implemented the Directive EC/2003/71 called the
"Prospectus Directive" (each, a "relevant member State"), no action has been
undertaken or will be undertaken to make an offer to the public of the Bonds
requiring a publication of a prospectus in any relevant member State. As a
result, the Bonds may only be offered in relevant member States:

(I) to legal entities which are authorised or regulated to
operate in the financial markets or, if not so authorised or regulated, whose
corporate purpose is solely to place securities;

(II) to any legal entity which has two or more of the
following criteria: (1) an average of at least 250 employees during the last
financial year; (2) a total balance sheet of more than EUR 43 million; and
(3) an annual net turnover of more than EUR 50 million, as per its last
annual or consolidated accounts;

(III) in any other circumstances, not requiring the issuer to
publish a prospectus as provided under article 3(2) of the prospectus
directive.

The securities referred to in this press release have not been
and will not be registered under the U.S. Securities Act of 1933, as amended
("US Securities Act"), and may not be offered or sold in the United States
absent registration or an exemption from registration under the US Securities
Act. Alcatel-Lucent does not intend to register any portion of the planned
offering in the United States or to conduct a public offering of securities
in the United States.

This press release is not an invitation or an inducement to
engage in investment activity for the purpose of Section 21 of the Financial
Services and Markets Act 2000, as amended ("FSMA"). This press release is
directed only at (i) persons outside the United Kingdom; or (ii) persons in
the United Kingdom that are "qualified investors" within the meaning of
Section 86(7) of FSMA that are also (a) persons authorised under FSMA or
otherwise having professional experience in matters relating to investments
and qualifying as investment professionals under article 19 of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Financial Promotion Order"); or (b) high net worth companies,
unincorporated associations and other persons to whom article 49(2) (a) to
(d) of the Financial Promotion Order applies; or (c) any other persons to
whom this press release for the purposes of Section 21 of FSMA can otherwise
lawfully be made available (all such persons together being referred to as
"Relevant Persons"). Any person in the United Kingdom that is not a Relevant
Person should not act or rely on this press release. The securities referred
to in this press release or any investment or controlled activity to which
such securities relate are only available to, and will be engaged in only
with, Relevant Persons.

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) is the trusted partner of
service providers, enterprises and governments worldwide, providing solutions
to deliver voice, data and video communication services to end-users. A
leader in fixed, mobile and converged broadband networking, IP technologies,
applications and services, Alcatel-Lucent leverages the unrivalled technical
and scientific expertise of Bell Labs, one of the largest innovation
powerhouses in the communications industry. With operations in more than 130
countries and the most experienced global services organization in the
industry, Alcatel-Lucent is a local partner with a global reach.
Alcatel-Lucent achieved revenues of Euro 16.98 billion in 2008 and is
incorporated in France, with executive offices located in Paris. For more
information, visit Alcatel-Lucent on the Internet:
http://www.alcatel-lucent.com

PARIS, September 3 /PRNewswire/ --