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Morgan Stanley Technology, Media and Telecoms Conference

November 18, 2009

Barcelona, Spain

8:50 am Central European Time

Wim Elfrink, Executive Vice President, Cisco Services and

Chief Globalization Officer

About Cisco Systems

Cisco, (NASDAQ: CSCO), is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com . For ongoing news, please go to http://newsroom.cisco.com .

Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and used by them or by affiliates under license in certain other countries. All other trademarks mentioned in this document 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. This document is Cisco Public Information.

CONTACT: John Earnhard, Cisco Systems, Inc Tel: +1 408 527 2180 e-mail: john.earnhardt@cisco.com Carol Villazon, Investor Relations, Cisco Systems, Inc Tel: +1 408 527 6538 e-mail: carolv@cisco.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

Cisco Systems is a US-based designer and manufacturer of communications, network, and information technology related products.

Under the revised terms, Cisco Systems will acquire all the outstanding shares of Tandberg at a price of NOK170 ($30.34) per share. The transaction is valued at approximately $3,400 million.

Shareholders representing in aggregate more than 30% of the outstanding shares, including Tandberg's largest shareholders Folketrygdfondet and OppenheimerFunds, Inc. have pre-accepted this offer based on the new offer price.

As a result of the revised offer, Cisco Systems has extended the acceptance period until December 1, 2009. As on November 10, 2009, Cisco Systems has received acceptances representing 10,493,298 shares in Tandberg or 9.37% of the shares and voting rights in Tandberg.

Update on November 9, 2009:

Cisco Systems has extended the acceptance period for its recommended public cash offer to acquire all outstanding shares in Tandberg.

The extended offer period expires on November 18, 2009.

Announcement (October 1, 2009):

Cisco Systems has entered into a definitive agreement to launch a recommended voluntary cash offer to acquire all outstanding shares in Tandberg at a price of NOK153.5 ($26.45) per share. The transaction is valued at approximately $3,000 million.

The offer price represents a premium of 11% to Tandberg's closing share price on September 30, 2009 and a 25.2% premium to the 3-month volume weighted average closing price of Tandberg's common stock. The proposal was recommended unanimously by Tandberg's Board of Directors. The acquisition is expected to close during the first half of calendar year 2010.

Lazard & Co. and Carnegie Investment Bank AB are acting as financial advisors, while Fenwick & West LLP is acting as legal advisor to Cisco Systems. Thommessen Krefting Greve Lund AS Advokatfirma is acting as legal advisor and J.P. Morgan is acting as financial advisor to Tandberg.

Deal Value (US$ Million) 3400
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Announced: 2009-10-01

Deal Participants

Target (Company)   Tandberg ASA
Acquirer (Company) Cisco Systems, Inc.
Vendor 1 (Company) Folketrygdfondet
Vendor 2 (Company) Undisclosed Investors

Deal Rationale

The acquisition will enable Cisco to expand its collaboration portfolio to offer more solutions to a greater number of customers, further accelerating market adoption globally. It will also facilitate Cisco to enter into new markets like consumer electronics, business collaboration software and computer servers.

Bid Premium ($ per share) 28.89