Press Release: Max Hopper Joins Board

PGP CORPORATION APPOINTS MAX HOPPER TO BOARD OF DIRECTORS

Expert IT strategist and pioneer adds powerful expertise to Board

Palo Alto, CA/19 February, 2003 – PGP Corporation announced today that it has appointed Max D. Hopper to its Board of Directors. Mr. Hopper brings to the board extensive expertise in how enterprises can effectively use information technology as a competitive advantage in their businesses.

Mr. Hopper's successful career has included a 20-year tenure with AMR Corporation (American Airlines), where as Senior Vice President, CIO, and later as CEO and Chairman of AMR's SABRE Group, he helped pioneer the delivery of electronic commerce and information services to the travel industry. He held executive positions at Bank of America, where he was Executive Vice President and CIO of one of the nation's largest financial institutions. While at Bank of America, he also led the Bank's systems and operations reengineering efforts. Mr. Hopper launched his career at Shell Oil and also worked with EDS and United Airlines prior to joining AMR. Mr. Hopper founded Max D. Hopper Associates, Inc., a consulting firm specializing in the benefits of the strategic use of advanced information technologies. Mr. Hopper is the recipient of numerous awards. Most recently he received the 2000 Leadership Award for Collaborative Innovation at the Computerworld Honors Program jointly sponsored by the Smithsonian Institute.

"We are extremely pleased that Max Hopper will be providing his expert advice and direction to PGP Corporation in this important stage of our product evolution," said Phil Dunkelberger, President and CEO of PGP Corporation. "We are fortunate to have access to his extensive background in diverse industries and his enterprise management-level understanding of IT."

"PGP Corporation's focus on solving the need to protect confidential information and making their solutions easy to install, manage, and deploy is one that is important for all enterprises, organizations, and individuals," said Max Hopper. "I am anxious to contribute to the company's efforts and hope that my experience of how senior enterprise management thinks about technologies and their deployment will be of value to the PGP team."

Mr. Hopper joins founding directors Terry Garnett, General Partner, Venrock Associates; Robert Theis, General Partner with DCM-Doll Capital Management; Phil Dunkelberger, Chief Executive Officer, PGP Corporation; and Alex P. Doll, Chief Financial Officer and VP Business Development, PGP Corporation.

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 built a global reputation for open, trusted, highly reliable, and IT-focused security products. Businesses and governments use PGP Corporation's specialized 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.

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.