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F5 Maintains No. 1 Market Share Ranking in Infonetics Research Report

Report shows F5 leading competition in revenue market share for Layer 4-7 Secure Sockets Layer acceleration hardware for Q1 '03

F5 Networks, Inc. (NASDAQ: FFIV), the leading provider of Application Traffic Management products, today announced for the first quarter of 2003, the company continued to rank number one, with 46 percent worldwide revenue market share, in the Layer 4-7 (L4-7) switch/load balancer with Secure Sockets Layer (SSL) category, according to the recent Infonetics Research report1.

"F5's SSL acceleration offering is helping their customers deploy highly secure Web services," said Neil Osipuk, directing analyst at Infonetics Research. "F5 is benefiting from their early mover advantage of incorporating SSL acceleration into every Application Switch that they sell."

"At F5, we're committed to delivering superior solutions that can be relied on for high availability and greater security," said Dan Matte, vice president of product marketing and management at F5 Networks. "Our products' ability to drastically reduce costs and quickly improve performance of IP-based applications and Web services keeps us a frontrunner in the industry."

The F5 BIG-IP product is a local area Application Traffic Management solution, ensuring high availability, reliability, security, and scalability for applications. Through powerful switching control and intelligence, BIG-IP makes the creation and delivery of any IP-based application or web service predictable, secure, and cost-effective, regardless of the network environment.

1 Source: Infonetics Research, Inc., SSL and Intelligent Traffic Delivery Products, Worldwide Market Share and Forecasts for the first quarter of 2003, dated May 30, 2003.

About F5 Networks

F5 Networks is the industry leader in Application Traffic Management, enabling enterprises and service providers to optimize any mission-critical application or Web service, providing secure and predictable delivery of application traffic in an unpredictable environment. Through F5's unique open iControl™ API, third-party applications and network devices can take an active role in shaping network traffic, delivering application-aware networks that allow customers to direct traffic based on their exact business requirements. Our solutions optimize the availability, security and speed of mission-critical servers and applications, including enterprise applications, Web services, mobile IP applications, Web publishing, content delivery, e-commerce, caching, firewalls and more. F5's solutions are widely deployed in large enterprises, the top service providers, financial institutions, government agencies, healthcare, and portals throughout the world. The company is headquartered in Seattle, Washington, and has offices throughout North America, Europe, Japan and Asia Pacific. F5 Networks is located on the web at 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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