(EMAILWIRE.COM, January 18, 2001 ) SAN MATEO, California -- Keynote Systems (Nasdaq: KEYN), The Internet Performance Authority®, today announced that its Boardof Directors has authorized Keynote, from time to time at market prices andas market and business conditions warrant, to repurchase up to $50 millionof its common stock for cash in open market, negotiated or blocktransactions. Keynote currently has approximately 27.9 million sharesoutstanding. A portion of the repurchased shares may be used for Keynote'semployee benefit plans, and the balance will be available for other generalcorporate purposes. No time limit was set for the completion of theprogram. Umang Gupta, Chairman and CEO of Keynote, noted that the Boarddecided to pursue this course of action after a review of the Company'sfinancial position and investment alternatives. "Under current marketconditions, we have an opportunity to buy back our shares at what we believeare attractive levels. Our current strong cash position allows us toimplement this repurchase program without adversely impacting our internalinvestment plans."About KeynoteFounded in 1995, Keynote (Nasdaq "KEYN"), The Internet PerformanceAuthority®, is the worldwide leader in e-commerce benchmarking and Webperformance management services that improve the quality of e-business. Thecompany's low-cost and hassle-free performance measurement solutions areused by more than 2,900 B2B and B2C e-businesses, Web-hosters, InternetService and Content Delivery Providers. Keynote Systems, Inc. is headquartered in San Mateo, California. The company can be reached atwww.keynote.com or by phone in the U.S. at 650-522-1000. # # #Keynote and The Internet Performance Authority are trademarks of KeynoteSystems, Inc. Other trademarks are the property of their respective owners.

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