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F5 Earns Spot on Standard & Poor's 2007 Global Challengers List

F5 one of 300 companies expected to emerge as challengers to the world's leading companies

F5 Networks, Inc. (NASDAQ: FFIV), the global leader in Application Delivery Networking, today announced that Standard & Poor's (S&P) has named it to the prestigious S&P Global Challengers List™ for 2007. The designation marks F5 as one of 300 mid-size, publicly-traded companies from around the world whose robust growth makes them a potential challenger to the world's leading companies.

The list honors fast-growing companies that have survived the growing pains of the start-up phase and now offer excellent stability and opportunity for rapid growth in the future. Winners must have between $500 million and $5 billion in total market capitalization and increases in share price, sales growth, earnings growth and employee count over the previous three years.

"It's a tremendous honor that S&P has included F5 in its Global Challengers List for 2007," said John McAdam, President and CEO of F5. "Across the company, we focus on strong, consistent execution as we believe this ultimately produces the best value for our customers and shareholders."

According to Standard & Poor's announcement, S&P Global Challengers Class of 2007, "The S&P Global Challengers List shows that growth resides in a broad range of sectors and geographies. In the Class of 2007, the country contributing the most members is Japan, followed by the United States and then the United Kingdom ... Companies in the S&P Global Challengers List have displayed considerable growth to merit a position in the list."

For more information on Standard & Poor's Global Challengers List for 2007 please visit: http://www.globalindices.standardandpoors.com/data/pdf/SP Global Challengers Class of 2007 final.pdf

About F5 Networks

F5 Networks is the global leader in Application Delivery Networking. F5 provides solutions that make applications secure, fast and available for everyone, helping organizations get the most out of their investment. By adding intelligence and manageability into the network to offload applications, F5 optimizes applications and allows them to work faster and consume fewer resources. F5's extensible architecture intelligently integrates application optimization, protects the application and the network, and delivers application reliability-all on one universal platform. Over 10,000 organizations and service providers worldwide trust F5 to keep their applications running. The company is headquartered in Seattle, Washington with offices worldwide. For more information, go to www.f5.com.

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This press release may contain forward looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the company's filings with the SEC.

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