News Release

Cisco Appoints Wells Fargo Chairman And CEO Richard Kovacevich To Its Board Of Directors

SAN JOSE, Calif., January 19, 2005 - Cisco Systems, Inc.
Jan 19, 2005

SAN JOSE, Calif., January 19, 2005 - Cisco Systems, Inc. today announced the appointment of Richard M. Kovacevich, chairman and CEO, Wells Fargo & Company, to its board of directors effective January 19, 2005.

"We are extremely pleased to have Dick Kovacevich join the Cisco board," said John Morgridge, chairman of the board, Cisco Systems. "His distinguished career in the banking and financial services industries will provide Cisco with considerable expertise and a unique perspective as we continue to execute on our growth strategy."

Kovacevich, 61, became president and chief executive officer of Wells Fargo & Company in 1998, after the merger between Wells Fargo and Norwest Corporation, and was named chairman in April, 2001. He became Norwest's CEO in 1993 and chairman in 1995, after serving as president and COO since 1989. He joined Norwest in March 1986 as vice chairman and COO and head of the Banking Group. Prior to joining Norwest Corporation, he was group executive and member of the policy committee of Citicorp. He began his business career at General Mills.

Kovacevich is a member of the Board of Directors of Cargill Inc., Target Corporation, Chairman of the California Business Roundtable, a member of Governor Arnold Schwarzenegger's California Commission for Jobs and Economic Growth and a member of Federal Reserve's Federal Advisory Council.

Kovacevich is a graduate of Stanford University, where he received his M.B.A. and earned his bachelor's and master's degrees in industrial engineering.

With the election of Kovacevich, Cisco's board now consists of 13 members, including: Carol A. Bartz, chairman and CEO, Autodesk, Inc.; M. Michele Burns, executive vice president and chief financial officer, Mirant Corporation; Larry R. Carter, senior vice president, Cisco Systems, Inc.; John T. Chambers, president and CEO, Cisco Systems, Inc.; James F. Gibbons, Ph.D., professor (research) of electrical engineering, Stanford University; John L. Hennessy, Ph.D., president, Stanford University; Roderick C. McGeary, chairman and CEO, Bearing Point, Inc.; James C. Morgan, chairman, Applied Materials, Inc.; John P. Morgridge, chairman of the board, Cisco Systems, Inc.; Donald T. Valentine, general partner and founder, Sequoia Capital; Steven M. West, founder and partner, Emerging Company Partners; and Jerry Yang, co-founder, chief Yahoo! and director, Yahoo! Inc.