Media Release: PGP Corporation Named to AO100 List

PGP CORPORATION NAMED TO SECOND-ANNUAL LIST OF AlwaysOn
TOP 100 PRIVATE COMPANIES

Accolade recognizes the company's leadership in enterprise secure messaging

Palo Alto, CA/06 July, 2004 - PGP Corporation, a global leader in digital information security, today announced its inclusion in the AlwaysOn™ Top 100 Private Companies list. AlwaysOn (AO), an open source media company focused on technology and business innovation, and KPMG's emerging business practice, KPMG 1Start, compiled the second-annual AO100 list. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs, and executives, who nominated more than 700 companies to determine the AO100 winners. The full list can be found at www.alwayson-network.com.

AlwaysOn and KPMG 1Start identified the 2004 AO100 companies based on their demonstrated leadership and innovation in two key areas: market traction, measured by revenue or customer growth, and new approaches and technologies that are likely to cause significant change to existing markets and well-established players.

"Private company innovation is incredibly strong and continues to flourish. Over 50 of last year's AO100 companies returned to this year's list and 50 new companies have been selected that are well positioned to significantly contribute to the second generation of the Internet," notes Tony Perkins, AlwaysOn founder.

"It is very gratifying to be named to the AlwayOn Top 100 Private Companies list this year," said Phillip Dunkelberger, president and CEO of PGP Corporation. "We continue our drive to significantly improve enterprise security, and appreciate being recognized for our performance by this important organization."

AO100 winners will be honored at a reception on Tuesday, July 13, 2004, at the AlwaysOn Innovation Summit, taking place July 13-15 at the Frances C. Arrillaga Alumni Center on the Stanford University Campus. The event will feature more than 60 keynote-level speakers, 15 sessions, 30 CEO Pitches, and 2 days of conversation about what is driving the next wave of innovation. For more information, visit: http://www.alwayson-network.com/events/index.php.

About PGP Corporation
A 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® technology has built a global reputation for open and trusted security products. The PGP Corporation family of products includes PGP 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 +1 650 319 9000.

About AlwaysOn, LLC
AlwaysOn (AO) is an "open source media company" dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world.

Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network-the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to "step over the head of the media" and communicate directly to customers, suppliers and employees.

AlwaysOn, LLC is a privately held and virtually headquartered company born out of the heart of Silicon Valley.

Media and analyst contact for PGP Corporation:
Lori Curtis
Jump Start Communications, LLC
+1 970 887 0044
lori@jumpstartcom.com