Chris Schoettle Named Chief Operating Officer of Akamai Technologies.

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 15, 2001

Former President of Lucent's Broadband Access Business Assumes Key

Management Post

Akamai Technologies, Inc., (NASDAQ: AKAM), the leading Content Delivery Service Provider (CDSP), announced today that Chris Schoettle has been named Chief Operating Officer, effective March 19, 2001. An Internet industry veteran, Mr. Schoettle most recently served as President of the Broadband Access unit within the InterNetworking Systems Group of Lucent Technologies, Inc.

In the newly created position of Chief Operating Officer of Akamai, Mr. Schoettle will be responsible for product management, product marketing, engineering, network infrastructure and strategy, information services, human resources, legal, and corporate services.

George Conrades, Akamai's Chairman and Chief Executive Officer, stated, "Chris brings immense leadership and organizational experience, especially in the areas of engineering and product management. His strength as a seasoned manager of Internet infrastructure businesses will help to broaden Akamai's management team as we focus on scaling our business."

"As the clear leader and innovator in the CDSP market, Akamai is revolutionizing the delivery of a better Internet," said Chris Schoettle. "I am delighted to join the strong Akamai senior management team and to help lead our next phase of growth."

Mr. Schoettle will join the senior management team at Akamai that reports to Mr. Conrades and includes Paul Sagan, President; Earl Galleher, Executive Vice President; and Tim Weller, Chief Financial Officer.

In his previous assignment as President of Broadband Access at Lucent Technologies, Mr. Schoettle led the unit that delivers the technology and platforms enabling service providers to offer voice and data services over "last-mile" connections with telephony and packet networks, including Digital Subscriber Loop (DSL), Fiber, Cable, Broadband Fixed Wireless, and Digital Loop Carrier (DLC). He was responsible for the operation of the full-stream business including research and development, product management, marketing, and sales support, across five major locations in three countries. In previous assignments at Lucent, Mr. Schoettle was Vice President and General Manager of VoIP (Voice-over-IP) Access Networks, and Vice President of IP Communications, operating fast-growth and scalable businesses in the packet networking industry.

Prior to Lucent, Mr. Schoettle held a diverse set of positions across a wide range of technology and channel segments, with extensive global experience.

At AT&T Corp., Mr. Schoettle was General Manager of Next Generation IP Services, running product management and marketing for emerging Internet services on the WorldNet IP network. He also held the position of Director, Strategy and Market Planning for AT&T's telecommunications business services targeting multinational corporations.

At Novell, Inc., Mr. Schoettle held the positions of Senior Director of Corporate Business Development and Director of Enterprise Solutions, creating and executing new business opportunities for Novell's networking and directory technology and alternate channels.

With Unix System Laboratories, Mr. Schoettle spent three years in Europe as a Product Manager and then two years in Australia as Regional Manager, where he opened the first sales and marketing office in Australia and New Zealand.

Mr. Schoettle began his career in 1987 as a Systems Analyst/Programmer at NCR Corporation, developing software on the Unix operating system.

Mr. Schoettle brings a strong technology background, holding B.S. and M.S. degrees in Computer Science and Mathematics from Emory University in Atlanta. Mr. Schoettle was selected as a Robert Jones Memorial Scholar from Emory University to attend the University of St. Andrews in Scotland on a post-graduate program in 1986. He also attended an Executive Education Program at the London Business School in 1998.

About Akamai

Akamai is the leading Content Delivery Service Provider, serving more than 3,600 customers worldwide. Akamai has the broadest deployment of servers for content, streaming media, and applications delivery with more than 8,000 servers in 55 countries directly connected within 473 different telecommunications networks.

Akamai Statement Under the Private Securities Litigation Reform Act 

The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the dependence on Akamai's Internet content delivery service, a failure of its network infrastructure, the complexity of its service and the networks on which the service is deployed, the failure to obtain access to transmission capacity and other factors that are discussed in the Company's Annual Report on Form 10-K and other documents periodically filed with the SEC.

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