Press Release: PGP Corporation Records 25^th Consecutive Quarter of Successful Bookings Growth

Strong Q3 Growth Fueled by New and Upgraded Encryption Solutions for Enterprise Data Protection

Menlo Park, CA/06 November 2008 – PGP Corporation, a global leader in enterprise data protection, today announced that it completed its 25^th quarter of successful customer bookings growth in its third fiscal quarter of 2008, ending September 30, 2008. Overall, PGP Corporation recorded 31 percent annual year-to-date growth; the Europe, Middle East and Africa region is especially solid with 83 percent year-to-date growth and 39 percent quarterly growth over the same, third quarter of fiscal 2007. Led by strong demand for the award winning PGP® Encryption Platform, PGP® Whole Disk Encryption and PGP® NetShare solutions, PGP® products are now used by 41 of the top 50 brands as ranked in the 2008 Interbrand annual ranking of The Best Global Brands. New and upgraded solutions delivered in the quarter added to the market demand and leadership of PGP Corporation’s enterprise-class encryption security solutions.

“Despite the current economic situation, enterprises are still buying security to meet their critical security needs,” said Phillip Dunkelberger, president and CEO of PGP Corporation. “Corporate, public sector and education markets still need to invest in protecting their data. The PGP Encryption Platform provides customers a solution that manages multiple, integrated encryption applications with policy based centralized key management and automated provisioning.”

Q3 Highlights Included:

• New and Improved PGP Encryption Platform and Technology
  New and upgraded PGP® solutions delivered in Q3 2008, which are all part of the PGP Encryption Platform include:
  • PGP UniversalTM Server 2.9 — as the foundation of the PGP Encryption Platform, new enhancements enable organizations to enforce or defer email encryption policies when users are offline, providing greater security when users are not on the network;
  • PGP® Whole Disk Encryption 9.9 — increased support for multiple operating systems and standards, including pre-boot authentication for both Mac and Windows, enabling enterprises to set centrally-defined security policies from a single management console for heterogeneous environments;
  • PGP® NetShare 9.9 — enables file sharing environments to set policy-based encryption by application (Microsoft Word, Excel, Powerpoint, custom applications, etc.), regardless of where the data resides whether stored locally, on a flash drive or file server;
  • PGP® Endpoint — a centrally managed data loss prevention solution that provides integrated data encryption and devise policy enforcement for all removable storage devices (USB drives, CDs and DVDs) and mobile data connection technologies (e.g. Wi-Fi, FireWire, Bluetooth, etc.) to protect laptops, desktops, mobile devices and ports; and
  • PGP® Command Line — new version now runs natively on the IBM z/OS mainframe operating system, providing customers with broader platform support when integrating encryption scripts into batch, networking and back-up processes.

• PGP Whole Disk Encryption Acceptance and Recognition
  Immediately following its release, PGP Whole Disk Encryption 9.9 was accepted for Common Criteria Evaluation Assurance Level 4+ (EAL4+) certification. Level 4 is the highest level possible that is mutually recognized by all countries participating in the Common Criteria certification; the plus denotes augmentation of ALC_FLR.1 Flaw Remediation. Additionally PGP Whole Disk Encryption was the only product to garner a “Best Buy” rating in SC Magazine’s annual Encryption Group Test review. PGP Whole Disk Encryption received five stars in all categories — features, performance, ease-of-use, documentation, support and value for the money.

• Industry Initiative Announced with IBM to Support Bletchley Park
  PGP Corporation, along with partner IBM, also launched a campaign this past quarter to restore Bletchley Park, known as the birthplace of modern computing and part of the National Museum of Computing in the U.K, collectively donating over $100,000 USD. Since the inaugural fundraising event in September, over $15,000 USD has been collected from individual contributions that support PGP Corporation’s and IBM’s efforts to help modernize and expand the museum’s educational offerings. Additional support from the worldwide technical community is encouraged. For more information and to contribute funding, please go to: http://www.pgp.com/stationx/.

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.

Media & analyst contact for PGP Corporation:
North America
Christina Grenier
PGP Corporation
+1 650 543 3697
cgrenier@pgp.com

Tom Rice
Merritt Group
+1 703 856 2218
rice@merrittgrp.com

United Kingdom
Jacqui Depares / Richard Scarlett
Johnson King
+44 (0) 20 7401 7968
pgpteam@johnsonking.co.uk

Germany
Ingrid Daschner
Johnson King
+49 (0) 89 8940 8511
ingridd@johnsonking.de

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.