Press Release: PGP Corporation Named Best New Vendor

PGP CORPORATION NAMED BEST NEW VENDOR BY INGRAM MICRO U.S.

PGP Corporation acknowledged for exemplary growth and partnership development

Palo Alto, CA/02 December, 2003 – PGP Corporation, the recognized leader in secure messaging and information storage, today announced that it has been recognized in the U.S. by Ingram Micro Inc. (NYSE: IM), a leading IT sales, marketing and logistics company, as its Best New Vendor. PGP Corporation was chosen because the company developed an exemplary partnership, recognizing and investing in the value Ingram Micro U.S. adds to its business through solution-based, go-to-market strategies within the security market. PGP Corporation was also chosen for its superb support and for leveraging Ingram Micro's licensing expertise and market presence with key value-added resellers (VARs) and vertical markets.

"We chose to recognize PGP Corporation in this new category for the company's solid teamwork throughout this successful launch," said Kevin Murai, president, Ingram Micro North America. "By working together with us to identify the right strategies, we were able to plan and execute tactics designed to meet the needs of our solution provider customers."

Andrew Krcik, Vice President of Marketing and Products, and Gretchen Gerlach, Senior Director of Worldwide Channel Sales, accepted the award on behalf of PGP Corporation.

"We are very pleased with the relationship we are developing with Ingram Micro," said Mr. Krcik. "Ingram Micro is a key contributor to the overall success of PGP Corporation's channel program and strategy."

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

During the past ten years, PGP® technology has built a global reputation for open and trusted security products. The PGP Corporation family of products includes PGP Universal-an automatic, self-managing, network-based solution for enterprises-as well as desktop, mobile, and SDK solutions. Venture funding is provided by DCM-Doll Capital Management and Venrock Associates. Contact PGP Corporation at www.pgp.com or +1 650 319 9000.

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.