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F5 Networks Announces ISS Approval of Shareholder Proposals

F5 Networks, Inc. (NASDAQ: FFIV) -- F5 Networks today announced that Institutional Shareholder Services (ISS) has recommended that the company's shareholders vote "FOR" both proposals in its 2005 Proxy Statement.

Proposal 1 asks shareholders to elect two Class III Directors, Rich Malone and A. Gary Ames, unanimously nominated by the company's Board of Directors. Proposal 2 asks shareholders to approve the company's 2005 Equity Incentive Plan.

F5's annual meeting of shareholders will be held on February 24, 2005, at 10:00 a.m. PST at company headquarters in Seattle, Washington.

About F5 Networks

F5 enables organizations to successfully deliver business-critical applications and gives them the greatest level of agility to stay ahead of growing business demands. As the pioneer and global leader in Application Traffic Management, F5 continues to lead the industry by driving more intelligence into the network to deliver advanced application agility. F5 products ensure the secure and optimized delivery of applications to any user - anywhere. Through its flexible and cohesive architecture, F5 delivers unmatched value by dramatically improving the way organizations serve their employees, customers and constituents, while lowering operational costs. The company is headquartered in Seattle, Washington with offices worldwide. For more information go to www.f5.com

About F5

F5 (NASDAQ: FFIV) makes apps go faster, smarter, and safer for the world’s largest businesses, service providers, governments, and consumer brands. F5 delivers cloud and security solutions that enable organizations to embrace the application infrastructure they choose without sacrificing speed and control. For more information, go to f5.com. You can also follow @f5networks on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies.

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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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