Akamai Foundation to Fund National Math Scholarships.

Business Editors/Education Writers/High-Tech Writers

CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 23, 2003

Major Grant to Support the Mathematical Association of America's

Summer Training Program for Outstanding High School Math Students

This evening, at the U.S.A. Mathematics Olympiad Awards Ceremony being held at the U.S. Department of State, the Akamai Foundation announced a commitment to fund significant programs of the Mathematical Association of America (MAA), including a national college scholarship program for high school students.

The Akamai Foundation, established in 2000 by Akamai Technologies, Inc. (NASDAQ: AKAM) and funded solely by Akamai executives, employees and individuals outside the company, promotes mathematics education in grades K-12 and the pursuit of excellence in mathematics to encourage America's next generation of technology innovators.

At today's U.S.A. Mathematics Olympiad awards ceremony in Washington D.C., the Akamai Foundation will present Akamai Scholarships to the top three winners of this year's competition, the most prestigious math competition in the country for high school students. Tiankai Liu, Po-Ru Loh, and Mark Lipson, the top three scorers, are among the country's most talented high school mathematicians. By awarding Akamai Scholarships, the Foundation hopes to encourage these and other students to continue their study of mathematics.

In addition to this year's scholarships, the Akamai Foundation also committed to a significant grant to the MAA for the 2003-2004 program. It includes two components:

-- an expanded Akamai Scholarship program with a first prize

award of $20,000 to the student who scores highest in the

national MAA competition; and

-- significant support that will enable the MAA to greatly expand

its current summer training program for up and coming high

school math students in the United States.

Wendy Ziner, President of the Akamai Foundation said, "The MAA's summer program is akin to the grooming programs for elite athletes hoping to compete in the Olympics. By training up and coming math students, the MAA can encourage the next generation of mathematicians. Studies have shown that mathematics proficiency for U.S. students in grades K-12 is substantially lower than for counterparts in other countries. Narrowing this gap is critical when you consider the vital role mathematics plays in today's high-tech economy. The U.S. needs skilled workers to fill math- and science-intensive jobs to keep a competitive edge in the global economy. We are excited to support the MAA and believe that they are working hard to solve this problem."

"We are most appreciative of the Akamai Foundation's willingness to devote themselves to this important cause," said Tina Straley, Executive Director of the MAA. "We are striving to make our success in mathematics, and the public's interest, rise to the highest levels in the world. With this vital support from the Akamai Foundation, we will increase the awareness and success of U.S. math students."

The goals of the MAA-Akamai Mathematical Olympiad Summer Program are to:

-- provide an intensive mathematics program for 60 of the most

promising students who have scored at the top in the MAA's

competitions;

-- broaden students' view of mathematics, and better prepare them

for possible participation in the International Mathematical

Olympiad; and

-- provide in-depth enrichment in important mathematical topics

to stimulate students' continuing interest in mathematics and

help prepare them for future study.

Full days of classes and extensive problem sets gives students in the MAA-Akamai Mathematical Olympiad Summer Program a thorough preparation in important areas of mathematics.

About the Akamai Foundation

The Akamai Foundation was established in 2000 by Akamai Technologies, Inc. and is funded solely by Akamai executive, its employees and individuals outside the company. The Akamai Foundation is dedicated to excellence in mathematics, with the aim of promoting math's importance and encouraging America's next generation of technology innovators.

About the MAA

The Mathematical Association of America is the largest professional society of college and university mathematics faculty in the world. Today, MAA's 27,000 members include college and university faculty, two-year college faculty, high school teachers, government and corporate workers, graduate school faculty, research mathematicians, and graduate and undergraduate students.