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F5 Networks Appoints Deborah Bevier to Board of Directors

Financial services expert brings valuable experience to F5 board

F5 Networks, Inc. (NASDAQ: FFIV), the global leader in Application Delivery Networking, today announced the appointment of Deborah Bevier, Sr. Consultant for Waldron Consulting in Seattle, to the F5 Networks Board of Directors effective July 14, 2006.

Formerly chairman and CEO for KeyBank of Washington, Bevier also served as president and CEO for Laird Norton Financial Group, Inc. and has held a number of influential positions in the financial services industry. Highlights of her career include significantly increasing the regional and national visibility of the Laird Norton Financial Group, where assets under management grew from $3 billion to $7 billion. During 23 years with KeyCorp, she led the start-up of Key Bank USA N.A., a direct response marketing bank, and Key Corp Leasing Ltd., an equipment leasing company.

In addition to her professional endeavors, Bevier has also been active in the Seattle community, serving as a board member for the Greater Seattle Chamber of Commerce and the Boys & Girls Club of King County, among others.

"Deborah's expertise in the financial services industry and her experience as a corporate and community leader will make her a valuable addition to the F5 board," said John McAdam, president, CEO, and director of F5 Networks. "Along with the other members of the board, I look forward to working with her."

Bevier also serves as a director on the boards of Fisher Communications, Inc. and Coinstar, Inc.

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

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