News Release

Cisco Lauds Approval by World Trade Organization to Make Global Electronic Commerce a Priority

SAN JOSE, Calif. - May 21, 1998 - Cisco Systems, Inc., the
May 21, 1998

SAN JOSE, Calif. - May 21, 1998 - Cisco Systems, Inc., the worldwide leader in networking for the Internet, today praised the approval by the World Trade Organization General Council of a declaration regarding global electronic commerce. The declaration represents the willingness of the 132 WTO ministers to address vital trade issues such as custom duties related to electronic commerce.

"Cisco is pleased that the WTO recognizes the importance of electronic commerce as an important driver of the global Internet economy," said John T. Chambers, president and CEO of Cisco Systems. "We thank U.S. Trade Representative Charlene Barshefsky for making this a priority issue within the WTO. Like Cisco, many businesses from all industries are usingnetworked business models to effectively reach their customers and generate economic growth."

Cisco currently receives 52 percent of its product orders electronically, or a $4.1 billion annualized run rate. The company also provides more than 70 percent of its customer support through its World Wide Web site, Cisco Connection Online.

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