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Cisco Announces Investment Plan

Cisco announces AED 5.8 billion five-year ICT investment plan for the United Arab Emirates
January 22, 2008

DUBAI, United Arab Emirates -- At a
meeting held today with Mohammad Al Gergawi, minister of state for
Cabinet Affairs, Ahmad Bin Bayat, chairman of Tecom, and Osman
Sultan, chief executive officer of du, John Chambers, Cisco(R)
chairman and chief executive officer, announced a plan to invest up
to AED 5.8 billion (USD $1.59 billion) on information and
communications technology (ICT) in the United Arab Emirates over the
next five years. The investment intends to support the 2015 vision of
His Highness Sheikh Mohammad Bin Rashid Al Maktoum, vice-president and
prime minister of the UAE and ruler of Dubai, to fuel the nation's
growth and development plans.

Paul Mountford, president, Emerging Markets, Cisco, said: "This
investment demonstrates our continued, long-term commitment to the
United Arab Emirates (UAE). The vision of the country's leadership
has allowed it to transition quickly to a 'connected' world. We look
forward to continued collaboration working closely with the
government to help support and realize the nation's ambitious
development and growth vision."

Cisco Systems Inc.

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