Press Release: PGP Corporation Named to AlwaysOn TOP 100

PGP CORPORATION NAMED TO ALWAYSON™ LIST OF TOP 100 PRIVATE COMPANIES

Innovative focus on enterprise information security earns recognition for PGP Corporation

Palo Alto, CA/23 June, 2003 – PGP Corporation, the recognized leader in secure messaging and data storage, today announced its inclusion on the first-annual AlwaysOn (AO) Top 100 Private Companies list. AlwaysOn, the media company that covers innovation in technology and business, compiled the list with assistance from KPMG's emerging business practice, KPMG 1Start. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies for the competition. The full list can be found at www.alwayson-network.com.

AlwaysOn editor Tony Perkins and KPMG 1Start identified the AO100 companies based on their innovation and demonstrated leadership among their peers in at least two areas: market traction measured by revenue or customer growth and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.

In explaining the selection process, Mr. Perkins notes: "Our survey proves that private company innovation is alive and thriving. We believe that many of the companies funded in the last 12 months will end up being some of the biggest names associated with the Internet. To raise money and win customers in this market, private companies must show that their products and services are an order of magnitude above what currently exists in the marketplace."

"It is an honor for our employees, partners, and customers that PGP Corporation has been selected for the AlwaysOn 100," said Phillip Dunkelberger, President and CEO of PGP Corporation. "We are proud that our hard work, technological innovation, and product successes in the marketplace have been recognized by this appointment."

A reception will be held honoring the winners on July 15, 2003 at AO2003: The Innovation Summit, taking place July 15-17 at Stanford Law School on the Stanford University Campus. The event will feature over 60 keynote-level speakers, 15 sessions, and 2 days of conversation about what's driving the next wave of innovation. For more information visit: http://www.alwayson-network.com/events/index.php

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.

About AlwaysOn
AlwaysOn (AO) is a media company dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. AO's founding premise is that consumers and businesses are demanding greater access to the Web for more convenience and productivity, and these demands are beginning to drive the next boom in high technology.

PGP is a registered trademark and the PGP logo is a trademark of PGP Corporation. Product and brand names used in this 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.