Press Release: New Board of Directors Member

PGP Corporation Appoints Howard Bain to
Board of Directors

Certified Financial Expert has Broad IT and Industry Expertise

Palo Alto, CA/21 December, 2005 – PGP Corporation, a global leader in enterprise data security and encryption solutions, today announced it has appointed Howard A. Bain III to its Board of Directors. Mr. Bain brings to the Board extensive experience in managing the financial operations of companies in the customer management and transaction processing software, information security, location-based services technology, and semiconductor manufacturing industries.

"We are delighted to have Howard join our Board of Directors," said Phillip Dunkelberger, president and CEO of PGP Corporation. "Howard's background in developing Sarbanes-Oxley-compliant systems for world-class companies will be particularly valuable for our continued growth."

"Today, encryption is a basic global security need," said Mr. Bain, "and PGP Corporation has the strongest brand in the business. I look forward to working with the PGP management team to help ensure the company's continued success by advising on the next phases in its ongoing development and maturation."

Mr. Bain is an independent consultant with expertise in all areas of corporate finance, operations, internal control systems for Sarbanes-Oxley compliance, and public company financial and accounting issues. Mr. Bain has served as the Chief Financial Officer (CFO) or senior financial executive of five public software/IT companies during more than three decades in Silicon Valley. He was most recently CFO of Portal Software, a developer of revenue management software for communications and content service providers, from 2001-2004. Prior to joining Portal, Mr. Bain held CFO positions at Vicinity Corporation in 2000, Informix from 1999-2000, and Symantec Corporation from 1991-1999. He has also held senior financial and accounting management positions with Fairchild Camera & Instrument Corporation and as a consultant with Arthur Andersen LLP, where he was a certified public accountant.

Mr. Bain currently serves on the board of Learning Tree International, a provider of instructor-led, hands-on courses and certification programs for technology professionals and managers in business and government organizations. He holds a B.S. in Business from California Polytechnic University. Mr. Bain currently qualifies as an independent director and certified financial expert under the Sarbanes-Oxley Act of 2002.

About PGP Corporation
The global customer standard for encryption and digital signature solutions, PGP Corporation develops, markets, and supports an integrated data security suite used by more than 30,000 enterprises, businesses, and governments worldwide, including 84% of the Fortune® 100, 66% of the Fortune® Global 100, and thousands of individuals and cryptography experts. Customers depend on PGP solutions for regulatory and audit compliance, to protect confidential company information, to secure customer data, and to keep identity information private.

During the past 10 years, PGP® technology has earned a global reputation for innovative, standards-based, trusted solutions. The flexible PGP suite allows customers to phase-in gateway, partner, mobile or internal email security; data storage protection for laptops, desktops, and removable media; IM encryption; and FTP/batch transfer security using a single key management and recovery infrastructure. PGP Corporation is the only commercial security vendor to publish source code for peer review. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

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. 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 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.