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Code of Business Conduct

Dear Cisco Employees,

I continue to be proud of Cisco's long-standing commitment to ethics and integrity. Not only do I see it demonstrated every day, but the Ethisphere Institute has also recognized our efforts and named Cisco as one of the World's Most Ethical Companies for six years running.

At Cisco, we hold ourselves to a very high standard of business and professional conduct. Our company was founded on a platform of open communication, empowerment, integrity and respect. These values remain at the forefront of the way we do business each day. As a result, our customers, partners, and stakeholders around the world continue to trust our products and services.

This Code of Business Conduct (COBC) reinforces our values and should be used as a tool to help you make the right decisions and resolve ethical issues you may encounter. It has been designed to be a year-round resource and I encourage you to refer to it often.

If you are ever unsure or feel that the COBC is being violated, we ask you to speak up. We encourage you to talk with your manager, contact the Ethics Office or Cisco Legal. You may also share concerns anonymously through the Ethics Web form or the multi-lingual Cisco Ethics Line phone service.

Any success we achieve, if not achieved ethically, is no success at all. Thanks for being part of the Cisco Family and for upholding our values.

Sincerely,

John Chambers' signature

John Chambers
Chairman and CEO