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PRESS RELEASE

Cisco Prices $8 Billion of Senior Unsecured Notes

SAN JOSE, CA--(Marketwired - Feb 24, 2014) - Cisco (NASDAQ: CSCO) today announced the pricing of seven series of senior unsecured notes for an aggregate principal amount of $8 billion. The offering is expected to close on March 3, 2014.

Of these notes, $850 million will mature in September 2015 and will bear interest at a floating rate equal to three-month LIBOR plus 5 basis points, $1 billion will mature in March 2017 and will bear interest at a floating rate equal to three-month LIBOR plus 28 basis points, $2.4 billion will mature in March 2017 and will bear interest at an annual rate of 1.100%, $500 million will mature in March 2019 and will bear interest at a floating rate equal to three-month LIBOR plus 50 basis points, $1.75 billion will mature in March 2019 and will bear interest at an annual rate of 2.125%, $500 million will mature in March 2021 and will bear interest at an annual rate of 2.900% and $1 billion will mature in March 2024 and will bear interest at an annual rate of 3.625%.

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.

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

About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

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