4Q17 Investor Presentation

9 Feb 6 Roadmap to Separation 1H 2019 Today's announcement 2H 2018 IPO <20% OF ARLO IPO subject to customary conditions, including: Effective S-1 registration Approval for listing on exchange Final approval by the NTGR Board Favorable market conditions and tax and legal considerations DISTRIBUTE THE REMAINING 80% + OF ARLO TO ALL NTGR SHAREHOLDERS (FINAL SPIN) Final spin subject to customary conditions, including: Final approval from NTGR Board Favorable market conditions and tax and legal considerations, including receipt of tax opinion NETGEARⓇ

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