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PRESS RELEASE

Cisco Announces Offering of Senior Unsecured Notes

SAN JOSE, Calif. – February 24, 2014 – Cisco today announced that it intends to offer, subject to market and other conditions, senior notes under an automatic shelf registration statement on file with the Securities and Exchange Commission.  Actual terms of the notes, including interest rate, principal amount and maturity will depend on market conditions at the time of pricing.

Cisco intends to use the net proceeds from this offering for general corporate purposes, including (i) to repay $3.75 billion in aggregate principal amount of its outstanding senior unsecured notes, consisting of $2.0 billion of its 1.625% senior notes and $1.25 billion of its floating rate notes, each due March 2014 and $500 million of its 2.90% senior notes due November 2014 and (ii) to return capital to shareholders pursuant to its previously-announced capital allocation strategy through the repurchase of shares of its common stock and the payment of cash dividends.

Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of securities may be made only by means of a prospectus supplement and accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus can be obtained from:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-888-603-5847

Deutsche Bank Securities Inc.
Attn: Prospectus Department
60 Wall Street
New York, NY 10005-2836
1-800-503-4611

J. P. Morgan Securities LLC
383 Madison Avenue
New York, NY 10179
Attn: High Grade Syndicate Desk - 3rd Floor
1-212-834-4533

Merrill Lynch, Pierce, Fenner & Smith Incorporated
222 Broadway
New York, NY 10038
Attn: Prospectus Department
dg.prospectus_requests@baml.com
1-800-294-1322

Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-800-831-9146

HSBC Securities (USA) Inc.
452 Fifth Avenue
New York, NY 10018
1-866-811-8049

Wells Fargo Securities, LLC
1525 West W.T. Harris Blvd., NC0675
Charlotte, North Carolina 28262
Attn: Capital Markets Client Support
cmclientsupport@wellsfargo.com
1-800-326-5897

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