EXHIBIT 99.1

FOR IMMEDIATE RELEASE

CONTACTS:

Jeff Young                          --or--               Sandy Smith
Media Relations                                          Investor Relations
Akamai Technologies                                      Akamai Technologies
617-444-3913                                             617-444-2804
jyoung@akamai.com                                        ssmith@akamai.com


                          AKAMAI ANNOUNCES OFFERING OF

             $175 MILLION IN 1.0% SENIOR CONVERTIBLE NOTES DUE IN 2033

CAMBRIDGE, MA, DECEMBER 9, 2003 -- Akamai Technologies, Inc. (NASDAQ: AKAM)
today announced that it has offered and priced in a private placement a new
issue of $175 million 1.0% Senior Convertible Notes due 2033. The notes will be
issued at 100% of the principal amount. The offering is expected to close on
December 12, 2003, subject to customary closing conditions.

The notes are convertible into shares of Akamai common stock at a conversion
price of $15.45. This represents a conversion premium of approximately 41% based
on the closing price of $10.99 of Akamai common stock on December 8, 2003.
However, holders of the notes may convert their notes only if: (1) the price of
the Company's common stock issuable upon conversion of a note reaches a
specified threshold, or (2) specified corporate transactions occur. In addition,
holders of the notes will have certain rights to require Akamai to repurchase
the notes prior to maturity on December 15, 2010, 2013, 2018, 2023 and 2028 as
well as upon the occurrence of specified corporate transactions. Akamai will
have rights to redeem the notes at 100% of the principal amount prior to their
maturity starting on December 15, 2010. The notes accrue interest that will be
payable semiannually.

Akamai has granted the initial purchaser of the convertible notes an option to
purchase up to an additional $25 million principal amount of notes. The company
intends to use the net proceeds of the offering for working capital and general
corporate purposes, which may include repayment or redemption of a portion of
its current outstanding indebtedness.

This announcement is neither an offer to sell nor a solicitation of an offer to
buy any of these securities. This press release is being issued pursuant to and
in accordance with Rule 135c under the Securities Act of 1933, as amended (the
"Securities Act").


The convertible notes have been offered only to qualified institutional buyers
in reliance on Rule 144A under the Securities Act, and outside the United
States pursuant to Regulation S of the Securities Act. The notes and the common
stock issuable upon conversion of the notes have not been registered under the
Securities Act, or any state securities laws. Unless so registered, the notes
and the common stock issuable upon conversion of the notes may not be offered or
sold in the United States or any state or to any U.S. person except pursuant to
an exemption from the registration requirements of the Securities Act and
applicable state securities laws.

ABOUT AKAMAI

Akamai(R) - The Business Internet, is the world's largest on demand distributed
computing platform for conducting profitable e-business. Overcoming the inherent
limitations of the Internet, Akamai's services ensure a high-performing,
scalable, and secure environment for organizations to cost effectively extend
and control their e-business infrastructure. Headquartered in Cambridge,
Massachusetts, Akamai's industry-leading services, matched with world-class
customer care, are used by hundreds of today's most successful enterprises and
government agencies around the globe. For more information, visit
www.akamai.com.

                                      # # #

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, including statements with respect to Akamai's expectations to close the
offering of notes and, if completed, to use the proceeds from the sale and
issuance of the Notes to repurchase or redeem existing debt. 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, a failure of
any of the purchasers' conditions to close the purchase of the notes or other
unexpected events that lead to a failure to complete the offering and sale
described above and other factors that are discussed in the Company's Annual
Report on Form 10-K, quarterly reports on Form 10-Q, and other documents
periodically filed with the SEC.

In addition, the statements in this press release represent Akamai's
expectations and beliefs as of the date of this press release. Akamai
anticipates that subsequent events and developments may cause these expectations
and beliefs to change. However, while Akamai may elect to update these
forward-looking statements at some point in the future, it specifically
disclaims any obligation to do so. These forward-looking statements should not
be relied upon as representing Akamai's expectations or beliefs as of any date
subsequent to the date of this press release.