Press Release: PGP Corporation Names Steven Soderberg as Chief Information Officer

Menlo Park, CA/10 June 2008 – PGP Corporation, a global leader in enterprise data protection, today announced that Steven Soderberg has joined the company as Chief Information Officer (CIO). Soderberg, 47, will be responsible for driving all of PGP Corporation's global IS/IT systems including voice/data networks, desktop and server support, business application systems and messaging technologies.

Soderberg, who has over twenty years of information technology experience, joins PGP Corporation from Otis Spunkmeyer Inc. where he served for 3 years as CIO. While at Otis Spunkmeyer, Soderberg led the creation of a centralized server and storage architecture, prepared the IT function for public company reporting and SOX compliance, and architected the ‘next generation' ERP solution.

Prior to Otis Spunkmeyer, Soderberg served for 8 years as Senior Vice President and CIO for The Robert Mondavi Company were he was the architect of WIM (Wine Information Management)—now viewed as the wine industry standard vertical software solution. He has received Content Week's Intranet Best in Class award as well as a CIO Magazine Web Business Top 50 award for his implementation of ‘Connect'—the Mondavi intranet/extranet platform.

Before Mondavi, he was responsible for worldwide systems development and support at Symantec Corporation.

"Steven is a strategic addition to our senior management and Informatics teams," said Phillip Dunkelberger, president and CEO of PGP Corporation. "He is an accomplished CIO with the unique background, technical knowledge and commitment to operational excellence that is essential as PGP Corporation continues to expand our operations on a global scale."

"PGP Corporation has set the bar high for providing cutting edge security solutions for their customers, and I am honored to join such a forward thinking company," noted Soderberg. "I am thrilled to be working with this innovative and motivated team."

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

U.K.:
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.