Media Release: PGP Corporation to Present at CTO Summit

PGP CORPORATION TO PRESENT AT THE 3RD ANNUAL MORGAN STANLEY WEST COAST CTO SUMMIT

Palo Alto, CA/12 June, 2003 – PGP Corporation, the recognized leader in secure messaging and data storage, announced today that it has been selected to present at Morgan Stanley’s 3rd Annual West Coast CTO Summit. PGP Corporation was selected by Morgan Stanley to present at this event from a group of several hundred private technology companies that were nominated by their venture capital sponsors. This CTO Summit is an event that brings together leading West Coast private technology companies, top venture capitalists, and Morgan Stanley in order for all participants to share best practices and discuss important trends in the technology market.

The Morgan Stanley West Coast CTO Summit will be held at the San Mateo Marriot and begin with a dinner, reception and keynote address by Guy Chiarello, Morgan Stanley’s CTO on June 11, followed by one-on-one presentations to Morgan Stanley’s IT Group on June 12.

“The CTO Summit is a great way for Morgan Stanley to maintain its position as the technology leader on Wall Street by developing relationships early with companies that may emerge as key technology providers over the next decade,” said CTO Guy Chiarello.”

For inquiries regarding the Morgan Stanley CTO Summit, please contact David Chen at 650-234-5614 or david.j.chen@morganstanley.com

“We are pleased to be participating in this year’s Morgan Stanley CTO Summit,” said Jon Callas, CTO and CSO for PGP Corporation. “Emerging industry regulations and government mandates are changing and challenging the landscape for secure messaging and data storage. PGP Corporation is taking an enterprise view of these challenges and developing products and technologies to address current and future requirements.”

About PGP Corporation
The recognized worldwide leader in secure messaging and data storage, PGP Corporation develops, markets, and supports products used by a broad installed base of enterprises, businesses, individuals, and cryptography experts to secure proprietary and confidential information.

During the past ten years, PGP® technology has earned a global reputation for open, trusted, highly reliable, and IT-focused security products. Businesses worldwide use PGP Corporation's specialized IT tools for centralized implementation and administration, achieving highly cost-effective security deployments. Venture funding is provided by DCM-Doll Capital Management and Venrock Associates. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

Media & analyst contact for PGP Corporation:
John Tran
Neale-May & Partners
+1 650 328 5555 ext. 277
jtran at nealemay dot com

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