PGP Corporation Appoints Ray Rothrock to Board of Directors; New Member with Wide Information Technology and Internet Expertise

Business Wire, April 29, 2004

Business Editors/High-Tech Writers

PALO ALTO, Calif.--(BUSINESS WIRE)--April 29, 2004

PGP Corporation, the recognized worldwide leader in digital information security, today announced that it has appointed Raymond Rothrock to its Board of Directors.

Mr. Rothrock brings to the Board extensive expertise in managing and growing new ventures, especially those focused on information security and information technologies.

"We are proud to have Ray join our Board of Directors," said Phil Dunkelberger, president and CEO of PGP Corporation. "Adding his experience to the wealth of skills and collective knowledge of our Board gives us every opportunity to capitalize on the information security market."

"I look forward to working with the PGP management team," commented Mr. Rothrock. "They have the energy, the vision, and the capability to become one of the great high-technology companies. For a company to succeed, it needs to start with quality people, innovative ideas, and a lot of focused effort. PGP Corporation has all these key ingredients."

Mr. Rothrock is a managing general partner at Venrock Associates, where he focuses on information technology, in general, and Internet companies, in particular. He currently serves on the boards of Arzoon Inc., Check Point Software Technologies Ltd., P-Cube Inc., Pedestal Software Inc., Qpass Inc., Space.com, SteelEye Technology Inc., and Whole Security Inc. Additionally, he is a board member of The Texas A&M Foundation, the Department of Nuclear Engineering Visiting Committee of MIT, and is Chairman of the Board of Trustees of the Woodside Priory School. Previously, Mr. Rothrock served on the boards of DIGEX Inc. (acquired by Intermedia Communications), Haystack Labs (acquired by Trusted Information Systems/Network Associates), and Spyglass. He also led Venrock's investment in DoubleClick.

Mr. Rothrock has a B.S. in Nuclear Engineering from Texas A&M University, an S.M. in Nuclear Engineering from the Massachusetts Institute of Technology, and an M.B.A. with Distinction from the Harvard Business School.

About PGP Corporation

The recognized worldwide leader in secure messaging and information storage, PGP Corporation develops, markets, and supports products used by a broad installed base of enterprises, businesses, governments, individuals, and cryptography experts to secure proprietary and confidential information.

During the past ten years, PGP(R) technology has built a global reputation for open and trusted security products. The PGP Corporation family of products includes PGP(R) Universal -- an automatic, self-managing, network-based solution for enterprises -- as well as desktop, mobile, and SDK solutions. Venture funding is provided by DCM-Doll Capital Management and Venrock Associates. Contact PGP Corporation at www.pgp.com or 650-319-9000.

PGP is a registered trademark and the PGP logo is a trademark of PGP Corporation. Product and brand names used in the document may be trademarks or registered trademarks of their respective owners. Any such trademarks or registered trademarks are the sole property of their respective owners.