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Rich Malone and Glenn Edens named to F5 Networks Board of Directors

Technology industry leaders add depth and breadth to existing F5 Board

F5 Networks, Inc. (NASDAQ: FFIV), the leading provider of secure Application Traffic Management products, today announced the appointment of Rich Malone, CIO of Edward Jones and Glenn Edens, recently vice president and chief strategist at HP, to the F5 Networks Board of Directors effective August 4, 2003.

"Because of their unique expertise as front-runners in technology leadership, Rich Malone and Glenn Edens will be an asset to the F5 Board of Directors," said John McAdam, F5's president and CEO. "Malone and Edens have a proven track record of driving and molding large public technology companies; their knowledge and experience will build on our current strong foundation."

With Edward Jones since 1979, Malone was named as one of the top five CIO's in the securities and investment industry in the 2001 Wall Street & Technology magazine CIO Elite Survey. Malone is currently a member of the BITS Advisory Group, the Xerox Executive Advisory Forum and is on the Technology Advisory Committee at Arizona State University. He is past chairman of the Securities Industry Association's Telecommunications and Information Management Committee, and former board member of the Securities Industry Automation Corp. Malone also served as a board member for KETC Channel 9, the public broadcasting television station in St. Louis for six years.

With a history of leading technology innovators such as HP, AT&T, Apple Computers and Xerox Corporation, Edens brings a wealth of experience driving strategic relationships and setting technology direction. Edens is a co-founder of WaveFrame Corp., the creator of the first all-digital audio workstation for the music, film and television industries, as well as co-founder of GRiD Systems Corporation, which created the laptop, notebook and pen-based computer industries.

Other F5 directors include Karl D. Guelich, chairman of the board, John McAdam, Jeffrey S. Hussey, Alan J. Higginson and Keith D. Grinstein.

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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