Media Release: New Partnership with element 5

PGP CORPORATION AND ELEMENT 5 PARTNER ON E-COMMERCE AND
SECURE MESSAGING

E-commerce for PGP Corporation now driven by element 5's global system;
element 5's electronic messaging now secured by PGP Universal

Palo Alto, CA/30 June, 2004 - PGP Corporation, a global leader in digital information security, today announced that it has selected element 5, a wholly owned subsidiary of Digital River, Inc., as its worldwide e-commerce solutions partner. All online purchasing of PGP products and services is now powered by element 5's global commerce systems, including Crystal Reports® from Business Objects®.

"Global reach is critical to our success. This is true in our channel strategy, our market penetration strategies, and our numerous partnerships around the world," said Phillip Dunkelberger, president and CEO, PGP Corporation. "Partnering with element 5 will help broaden our global reach and improve operational efficiencies of our online store."

PGP® Universal
PGP Universal provides practical, wide-scale deployment of secure messaging. By moving email encryption responsibility away from users to the network, encryption, decryption, and digital signatures are automatic and user-transparent. Messages are encrypted to individual keypairs and secured even when recipients have no keys. PGP Universal can quickly and cost-effectively secure up to 100% of an enterprise's users-both inside and outside the organization. PGP Universal Server supports both OpenPGP and X.509 + S/MIME standards and delivers low-cost deployment through its self-deploying, proxy-based architecture. Keys are created dynamically, allowing IT control over bidirectional policy enforcement.

element 5 Partner Selection Criteria
element 5's e-commerce outsourcing system meets critical PGP Corporation criteria:

• "Self-service"- PGP Corporation can add new products and pricing to its Web commerce site directly.
• element 5 does business in 18 currencies and manages all money conversions.
• Unlike U.S. banks, element 5 accepts localized payment methods, including local debit and credit cards, wire transfers, and more.

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 element 5 Inc. and Digital River Inc.
element 5 Inc., a wholly owned subsidiary of Digital River, Inc. (NASDAQ: DRIV), is an outsourcing partner for software publishers in more than 150 countries. The company offers
e-commerce solutions and marketing services to help publishers increase the worldwide sales of their products over the Internet and through online channel partners.

Digital River, Inc., a global leader in e-commerce outsourcing, builds and manages online businesses for more than 40,000 software publishers, manufacturers, distributors and online retailers. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company's comprehensive platform offers site development and hosting, order management, fraud prevention, site merchandising, advanced reporting and analytics, product fulfillment, e-marketing and multi-lingual customer service.

Founded in 1994, Digital River is headquartered in Minneapolis with offices in Chicago, Mountain View, California, London, and Cologne, Germany. For more details about Digital River, visit the corporate Web site at www.digitalriver.com or call 952-253-1234.

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

Media and analyst contact for element 5 Inc.:
Kristin Mattson
Senior Public Relations Specialist
Digital River, Inc.
+1 952 646 5581
publicrelations@digitalriver.com