Symantec and VERITAS Complete Merger

CUPERTINO, Calif. - July 5, 2005 - Symantec Corp. (Nasdaq: SYMC) and VERITAS Software Corp. today announced the completion of their merger following approvals by both companies' stockholders. The transaction was finalized on Saturday, July 2, 2005. As a result of the merger, shares of VERITAS stock were converted into the right to receive shares of Symantec stock, and VERITAS shares will no longer be traded.

By merging leaders in storage software and security software, Symantec will provide enterprise customers with a more effective way to secure and manage their most valuable asset, their information. Symantec can now deliver information security and availability solutions across all platforms and to customers of all sizes.

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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Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.