News Release

Cisco And AOL Time Warner Announce Expanded Technology And Marketing Relationships

NEW YORK and SAN JOSE, CA -- May 10, 2001 -- AOL Time
May 10, 2001

NEW YORK and SAN JOSE, CA -- May 10, 2001 -- AOL Time Warner, and Cisco Systems, the worldwide leader in networking for the Internet, today announced expanded technology and marketing relationships.

Under the agreement announced today, Cisco will continue to be a leading provider of end-to-end, best-of-breed technology products, services and solutions across multiple AOL Time Warner divisions including America Online and Time Warner Cable. In addition, AOL Time Warner will continue to work with Cisco on the development of leading edge products and services for the consumer market.

The terms of the technology agreement enable AOL Time Warner to double the capacity and coverage of the AOL Transit Data Network (ATDN) by adding routers from the Cisco 12400 family of Internet routers. The added capacity, performance, and scalability realized with the new Cisco 12400 family of products provides AOL with the ability to increase network size and support the growth of the AOL family of interactive brands. Of particular note is the significant growth of AOL Time Warner points of presence (POP) within this agreement.

As part of its enhanced marketing relationship with AOL Time Warner, Cisco will continue to advertise across a wide range ofAOL Time Warner online properties, including the AOL service Cisco will also continue its longtime marketing relationship with AOL Time Warner print and cable divisionsincluding Time Inc. and Turner Broadcasting.

By utilizing AOL Time Warner's ability to provide a full range oftraditional and interactive media to meet its advertising,sponsorship and marketing needs, Cisco is joining the growing ranks of top companies looking at AOL Time Warner to provide a wide range of media options.

Bob Pittman, Co-COO at AOL Time Warner said, "This agreementhighlights the value and variety of marketing resources that AOLTime Warner can offer our partners. Cisco has been a leading partner for core IP technology for years, and their continued leadership and innovation helps us provide the best online and cable access to consumers everywhere. We're pleased to enhance that relationship with expanded marketing opportunities across our unmatched online, print, and broadcast properties."

"America Online is one of our most valued technology customers," said Keith Fox, vice president for corporate marketing at Cisco Systems. "With this agreement, we can better meet our range of advertising, sponsorship and marketing needs by expanding our online marketing programs across AOL Time Warner properties."

Fox continued, "Providing products and services to build-out AOLTime Warner's core and backbone networks, and expand their network up to OC-192 speeds are critical steps in helping extend their reach and offer the most innovative services to its customers. Cisco is delivering the best backbone router products in the industry, and we are pleased that AOL has selected us to help them deliver on their commitment to customers."

The flagship Cisco 12000 series Internet routers are based on aunique distributed architecture that delivers the IP+Optical networking foundation and service building blocks to accelerate the evolution of the Internet. The Cisco 12400 family delivers the highest levels of scalability and performance available today and are the only systems capable of guaranteeing high priority packetdelivery, which is critical to meet customers', increasing need fordelivery of premium IP services. This innovative combination offeatures and capabilities make the Cisco 12400 family the premier platform for building true 10Gbps OC-192/STM-64 IP+Optical infrastructures.

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About AOL Time Warner

AOL Time Warner (NYSE:AOL) is the world's first Internet-poweredmedia and communications company, whose industry-leadingbusinesses include interactive services, cable systems, publishing, music, networks and filmed entertainment.