Media Release: New Additions to the PGP Management Team

PGP CORPORATION EXPANDS MANAGEMENT TEAM WITH
GROUP VICE PRESIDENT OF TECHNOLOGY AND
VICE PRESIDENT OF STRATEGY & SOLUTIONS

Olivia Dillan and Rajiv Dholakia join PGP Corporation

Palo Alto, CA/07December, 2004 – PGP Corporation, a global leader in enterprise encryption solutions, today announced that Olivia Dillan has joined the company as Group Vice President of Technology and Rajiv Dholakia has joined the company as Vice President of Strategy & Solutions. As Group Vice President of Technology, Ms. Dillan is responsible for all aspects of PGP technology and services, including product development, customer and technical support, office of the CTO & CSO, and information systems and technology. As Vice President of Strategy & Solutions, Mr. Dholakia is responsible for driving strategic business initiatives to enhance core PGP technology and products. He also holds responsibility for the definition and creation of industry solutions with key PGP partners and customers.

"We are fortunate to have Olivia and Rajiv join our management team," said Phillip Dunkelberger, president and CEO of PGP Corporation. "Olivia has more than 20 years of experience building innovative software solutions in both startups and multi-billion-dollar corporations, including her work with the original PGP Inc. Rajiv has more than 20 years of experience in high-growth companies, taking new ideas from concept to innovative products, including his experience at ValiCert. Both will enhance our ability to meet our customers' needs."

Ms. Dillan is an expert in product development, operations, and services. She has been responsible for many successful, award-winning products in the areas of security, electronic commerce, application servers, database management systems, application development tools, and new media tools and applications. Most recently, she was Vice President of Engineering at ServGate Technologies Inc., where she led the team responsible for ServGate's award-winning security products, receiving PC Magazine 's Editor's Choice award, among others. Prior to ServGate, she held key senior executive positions, including Co-founder and COO at Model N, VP of Engineering at the NetDynamics Business Unit of Sun Microsystems, VP of the New Media Tools & Applications Division at Oracle, VP of Product Development at PGP Inc., and VP of Core Product Development at ASK/Ingres (now Computer Associates). Ms. Dillan graduated summa cum laude with a B.A. in Computer Science from Hunter College in New York.

Mr. Dholakia has expertise in the areas of operating systems, electronic commerce, AI and object-oriented development tools, security software for electronic transactions, rights management, and application vulnerability detection. Most recently, as Vice President of Engineering at Cenzic, Mr. Dholakia led the development of tools for assessing, testing, and remediating application security vulnerabilities. Prior to Cenzic, he was Vice President of Product Development and later CTO at ValiCert, a leading provider of secure authentication, messaging, and collaboration software. While at ValiCert, Mr. Dholakia created, implemented, and oversaw the products, secure data center, and solutions that drove ValiCert's annual revenues from zero to $24 million. In addition, he has held executive positions at TestDrive, Taligent/IBM, Sun Microsystems, and IntelliCorp. He has a B.E. in Chemical Engineering from M.S. University in Baroda, India, and did graduate work at the University of South Florida in Tampa, Florida.

About PGP Corporation
Recognized worldwide as a leader in enterprise encryption technology, PGP Corporation develops, markets, and supports products used by more than 30,000 enterprises, businesses, and governments worldwide, including 90% of the Fortune 100 and 75% of the Forbes International 100. PGP products are also used by thousands of individuals and cryptography experts to secure proprietary and confidential information.

During the past ten years, PGP® technology has earned a global reputation for standards-based, trusted security products. It is the only commercial security vendor to publish source code for peer review. The unique PGP encryption product suite includes PGP Universal—an automatic, self-managing, network-based solution for enterprises-as well as desktop, mobile, and FTP/batch transfer solutions. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

Media & analyst contact for PGP Corporation:
John Tran
Neale-May & Partners
+1 650 338 5555 ext. 277
jtran at nealemay dot com

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