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F5 Networks Appoints Tom Hull as Senior Vice-President of Worldwide Sales

F5 Networks, Inc. (NASDAQ: FFIV), the leading provider of secure Application Traffic Management products, today announced the appointment of Tom Hull as the Company's Senior Vice-President of Worldwide Sales.

"Tom is a strong leader and strategist with a successful track record of driving and meeting aggressive sales goals," said John McAdam, President and CEO at F5 Networks. "His extensive experience in penetrating global markets and successfully executing channel sales strategies makes Tom an excellent addition to our management team and a great asset to the company."

"I'm excited to join a company that has an impressive history of delivering innovative, performance-leading products, which consistently exceed customers' requirements and expectations," said Hull. "I look forward to helping F5 keep its strong momentum by growing revenue, increasing market share, and deepening F5's account penetration worldwide."

Hull brings to F5 over 16 years of experience in the technology market, holding senior management positions at several industry leading companies. He joins F5 from PictureIQ, an Adobe Systems spinout, where he served as President and CEO. Hull spent two and a half years at PictureIQ where he launched their flagship product, drove product sales, and was instrumental in the asset sale of the Company to Kodak. Before that, Hull held several senior management positions at Visio Corporation (now Microsoft), including Senior VP of Worldwide Sales where he lead a large sales and marketing staff that successfully penetrated Fortune 1000 and Global 500 businesses. Hull has a B.S in Electrical Engineering from the University of Washington in Seattle.

Hull received options to purchase 225,000 shares of Company stock with a grant date of October 20, 2003 and an exercise price of $23.69 per share. These options will vest 25% one year after the date of grant, and monthly over the following three years. The option agreement contains a change of control provision consistent with the Company's standard practice.

About F5 Networks

F5 Networks keeps IP-based traffic flowing and business information always available to any user from any device, anywhere in the world. Our products ensure secure and reliable access to servers and the applications that run on them. F5 also provides tools to automate communications between applications and the network, eliminating tedious, manual processes.

As the pioneers of intelligent load balancing, F5's continued innovations help businesses optimize and protect their IT investments. Our mission is to ensure the availability, scalability, performance, and security of IT resources that enterprises require to successfully do business. Over 6,000 enterprises and service providers rely on F5 solutions to keep their businesses 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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