Radware Ltd. announces pricing of public offering

Radware Ltd. (Nasdaq: RDWR - news), a provider of Internet traffic management (ITM) solutions enabling continuous access to Web sites, IP applications and content, today announced that the public offering of 2,500,000 of its Ordinary Shares was priced at $51.75 per share. Of the shares being offered, 1,250,000 shares are being offered by Radware and 1,250,000 shares are being offered by selling shareholders. The selling shareholders have granted the underwriters an option to purchase up to 375,000 additional ordinary shares at the public offering price to cover over-allotments. The total net proceeds to Radware from the offering, after deducting the underwriting discount and estimated expenses, is expected to be $60.2 million. Radware will not receive any of the proceeds from the sale of ordinary shares by the selling shareholders.

The underwriters for the offering are Salomon Smith Barney Inc., Banc Of America Securities LLC, CIBC World Markets Corp. and U.S. Bancorp Piper Jaffray Inc. A copy of the final prospectus relating to these securities may be obtained from Salomon Smith Barney Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220 (Tel: 718-765-6732); from Banc of America Securities LLC, 600 Montgomery Street, San Francisco, CA, 94111 (Tel: 415-627-2000); from CIBC World Markets Corp., 200 Liberty Street, 39th Floor, One World Financial Center, New York NY 10281 (Tel: 212-667-7000); or from U.S. Bancorp Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, MN 55402 (Tel: 612-342-6000).

About Radware

Radware develops, manufacturers and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and services, applications and content based on the Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. Radware's Internet traffic management solutions enable its customers to manage their network infrastructure to bypass system failures and to scale their network infrastructure to accommodate increasing IP traffic. Radware's products improve the productivity of network infrastructure by distributing traffic within a network to optimize the use of available network resources. Radware's products can be deployed either as independent solutions to address specific application needs at a particular location within a network or as an end-to-end integrated solution to manage traffic throughout a network.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Internet traffic management industry, changes in demand for Internet traffic management products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form F-1.