Press Release: PGP Corporation Relocates Silicon Valley Corporate Headquarters

New Menlo Park office provides space for company's continued growth

Menlo Park, CA/22 May 2008 - PGP Corporation, a global leader in encryption solutions for enterprise data protection, announced today the relocation of its Silicon Valley headquarters to 200 Jefferson Drive, Menlo Park, California. This move comes on the heels of a record first quarter for 2008, and is part of the company's continued global expansion.

"We've seen steady growth at PGP Corporation since we first opened our Palo Alto headquarters in 2002," said Alex Doll, SVP Operations and CFO of PGP Corporation. "We knew the day would come when we would need to increase our space, and it was important to us to find a location that would not only afford us more room, but would also help us build our presence in Silicon Valley."

After nearly 6 years at its original location in Palo Alto, PGP Corporation's new space is almost twice the size. The company's Silicon Valley employees will now occupy 70,000 square feet in the Menlo Park building. PGP Corporation is subleasing the space from Intuit, Inc. and was aided by real estate brokers Rich Branning and Steve Levere of Jones Lang LaSalle in negotiating the deal. PGP Corporation plans to sublease the space for a minimum of 3 years.

"We wanted to find a location that would not only allow us to expand our operations, but would also provide a comfortable and accessible place for our employees to come to work everyday," continued Doll. "The layout of this building was particularly fitting for our organization - the first and second floors are configured with lab space and private development offices - ideal for software development - while the third floor is set up to house our non-technical staff."

PGP Corporation's growth is being experienced worldwide - the company will continue to expand its global workforce throughout 2008 with most of the new hires being housed in the Menlo Park headquarters.

The company also just completed a record first quarter for 2008, achieving its largest single quarter bookings in PGP Corporation's history. The company ended 2007 with a bang as well, marking 22 quarters of consecutive bookings growth, its one millionth customer transaction and its first multi-million dollar deal.

"Our customers and partners worldwide trust in our technology and recognize that our approach to enterprise data protection is a market-leading, comprehensive solution for the enterprise," said president and CEO Phil Dunkelberger. "PGP Corporation has undergone a unique evolution from the company we founded in 2002 - our move to the new Menlo Park headquarters is significant milestone in our growth into a world-class organization."

"Silicon Valley and Menlo Park are home to some renowned technology companies," continued Dunkelberger. "We're proud to be a part of this business community and hope to be here for some time to come."

About PGP Corporation
PGP Corporation is a global leader in email and data encryption software for enterprise data protection. Based on a unified key management and policy infrastructure, the PGP® Encryption Platform offers the broadest set of integrated applications for enterprise data security. PGP® platform-enabled applications allow organizations to meet current needs and expand as security requirements evolve for email, laptops, desktops, instant messaging, smartphones, network storage, file transfers, automated processes, and backups.

PGP® solutions are used by more than 80,000 enterprises, businesses, and governments worldwide, including 95 percent of the Fortune® 100, 75 percent of the Fortune® Global 100, 87 percent of the German DAX index, and 51 percent of the U.K. FTSE 100 Index. As a result, PGP Corporation has earned a global reputation for innovative, standards-based, and trusted solutions. PGP solutions help protect confidential information, secure customer data, achieve regulatory and audit compliance, and safeguard companies' brands and reputations. Contact PGP Corporation at www.pgp.com.

Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including statements regarding the availability, plans, delivery, goals, development, expected features, expected benefits and competitive position of PGP products implementing or leveraging the PGP technologies. All references made to product feature enhancements, improvements in Platform support or additional functionality are subject to change at PGP Corporation's sole discretion. All future descriptions of PGP technology and products are subject to availability only if PGP Corporation decides to build them and when PGP Corporation decides to make them commercially available. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that PGP Corporation faces that could cause results to differ materially include risks associated with any unforeseen technical difficulties or software errors related to the final development and launch of any of PGP Corporation's products; any technological, regulatory, or standards changes in the security, encryption and authentications market which could make PGP Corporation's products less competitive or require feature changes in these products; any slowdown in the adoption by businesses of encryption suites, secure email, Internet technologies or related standard. The forward-looking statements contained in this release are made as of the date hereof, and PGP Corporation does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.

PGP and the PGP logo are registered trademarks 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.