EXFO to Present at Stifel Nicolaus Technology & Telecom Conference

QUEBEC CITY, CANADA, January 31, 2012 - EXFO Inc. (NASDAQ: EXFO) (TSX: EXF) announced today that Pierre Plamondon, CA, Vice-President of Finance and Chief Financial Officer, will make a presentation on behalf of the company at the Stifel Nicolaus Technology & Telecom Conference on February 7, 2012,
2:05 p.m. Pacific time (5:05 p.m. Eastern time), at Dana Point, CA.
Mr. Plamondon will outline EXFO's investment proposition, market opportunities and competitive advantages to institutional investors on-site.
An audio Webcast of the presentation will be available live at www.EXFO.com, under the Investors section. It will also be archived for a limited period.

IR Calendar

• Stifel Nicolaus Technology & Telecom Conference, February 7, 2012, 2:05 p.m. Pacific time

(5:05 p.m. Eastern time), Dana Point, CA (Audio Webcast: www.EXFO.com/investors).

About EXFO

Listed on the NASDAQ and TSX stock exchanges, EXFO is among the leading providers of next-generation test and service assurance solutions for wireless and wireline network operators and equipment manufacturers in the global telecommunications industry. The company offers innovative solutions for the development, installation, management and maintenance of converged, IP fixed and mobile networks - from the core to the edge. Key technologies supported include 3G, 4G/LTE, IMS, Ethernet, OTN, FTTx, and various optical technologies (accounting for an estimated 35% of the portable fiber-optic test market). EXFO has a staff of approximately 1800 people in 25 countries, supporting more than 2000 telecom customers worldwide. For more information, visit www.EXFO.com.

EXFO Brand Name

The corporate name of the company is EXFO Inc. The company requests that all media outlets and publications use the corporate name ("EXFO Inc.") or abbreviated name ("EXFO") in capital letters for branding purposes. EXFO would like to thank all parties in advance for their cooperation.

For more information

Vance Oliver
Manager, Investor Relations
(418) 683-0913, Ext. 23733 vance.oliver@exfo.com

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EXFO to Present at Stifel Nicolaus Technology & Telecom Conference