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Symantec Expands University Research Program to University of Auckland Business School

Symantec Funds Development of On-Campus Internet Security Laboratory

CUPERTINO, Calif. - March 12, 2003 - The University of Auckland, New Zealand's largest university, has become the first educational institution in the world to partner with Symantec (Nasdaq: SYMC), the world leader in Internet security, to build an information security laboratory on campus.

Symantec will provide The University of Auckland Business School with products and services to the value of $168,000, which includes leading edge Internet security products, a new server and Symantec software as well as technical support, updates and upgrades over the next five years. This semester, stage three Bachelor of Commerce and Bachelor of Science students will be the first to use the laboratory.

"Businesses and universities worldwide are recognizing the fundamental importance of information security to the modern economy. This is an area where The University of Auckland Business School is determined to lead the field in both education and research," said Professor Barry Spicer, Dean of the University of Auckland Business School.

Spicer said the Internet security industry alone is worth $7 billion currently and is expected to grow to more than $12 billion by 2005. "The amount of business that it protects everyday is almost immeasurable."

John Schwarz, president and chief operating officer of Symantec Corp., visited Auckland recently to finalize the agreement and said, "This is another important step in Symantec's overall efforts to support and encourage universities around the world to produce more Internet security professionals and develop the talented workforce needed to create the technological advances of tomorrow."

"This initiative between Symantec and The University of Auckland Business School is a perfect example of the type of public/private partnership that is needed for our country to meet the challenges of today's cyber threats, be it in the area of security training, the development of additional research or the sharing of information between public and private entities regarding Internet security," said Richard Batchelar, Symantec Country Manager for New Zealand.

The partnership with Symantec is part of the university's $110 million project to develop a world class, international business school at The University of Auckland. The New Zealand Government will match donations dollar-for-dollar up to $25 million under the Partnership for Excellence program.

The money will be spent on attracting and retaining quality staff, supporting research activities, course and program development, and the construction of new world class facilities.

This arrangement follows Symantec's sponsorship of a Fellowship in the United States at the Purdue University's Centre for Education and Research in Information Assurance and Security (CERIAS) program. The Fellowship will be awarded to one student in April 2003 and will cover tuition costs for a student attending Purdue's two-year graduate program in Internet security, beginning in the second half of 2003.

Through the University Research Program, Symantec supports the efforts of these universities regarding the study of Internet security and encourages other universities to expand their research programs. Aside from monetary support through Fellowships, Symantec supports universities by offering corporate spokespersons for seminars and lectures to students and faculties. In addition, Symantec provides feedback on the research conducted by universities and input on areas that the industry deems important to help direct the focus of study by universities in Internet security issues.

About Symantec
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.

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FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including forecasts of future revenue and earnings per share, expected industry patterns, and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates, particularly in consumer products; whether certain market segments, particularly enterprise security, grow as anticipated; the positioning of Symantec's products in those segments; the competitive environment in the software industry; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Symantec can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec’s previously filed Form 10-K and Form 10-Q.