[November 16, 2012]

Riverbed Technology Reports New Equity Awards under NASDAQ Marketplace Rule 4350

Riverbed (News - Alert) Technology (NASDAQ: RVBD), the performance company, today announced that, in accordance with NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv), it has granted inducement stock options covering an aggregate of 425,700 shares of common stock and inducement restricted stock unit awards covering an aggregate of 12,200 shares of common stock to 99 non-officer employees. Each option has been classified as a non-qualified stock option, has an exercise price equal to the fair market value on the grant date, and has a seven-year term. Each option vests over four years, with 25% vesting on the one-year anniversary of the applicable vesting commencement date, and then equal monthly aounts vesting over the following three years. The restricted stock unit vesting is generally approximately four years, with 25% vesting after an initial period, and then 12.5% vesting each six-month period thereafter.

About Riverbed Technology

Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. Additional information about Riverbed (NASDAQ: RVBD) is available at www.riverbed.com.

Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.

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