Symantec and VERITAS Complete Merger

Toronto, ON - 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, the world leader in Internet security technology, provides a broad range of content and network security software and appliance solutions to individuals, enterprises and service providers. The company is a leading provider of client, gateway and server security solutions for virus protection, firewall and virtual private network, vulnerability management, intrusion detection, Internet content and e-mail filtering, remote management technologies and security services to enterprises and service providers around the world. Symantec's Norton brand of consumer security products is a leader in worldwide retail sales and industry awards. Headquartered in Cupertino, Calif., Symantec has worldwide operations in 36 countries. For more information, please visit www.symantec.com.

Symantec's Canadian operations are headquartered in Toronto with offices in Montreal, Ottawa, Calgary and Vancouver. For more information on Symantec products or current promotions, contact the Canadian office at (416) 441-3676 or access Symantec's Canadian Web site at www.symantec.ca. Symantec is an active member of the Canadian Alliance Against Software Theft (CAAST).

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at www.symantec.com/PressCenter/index.html on Symantec's Web site.

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.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, including statements regarding the anticipated benefits of the merger, that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by these statements. Such risk factors include, among others, difficulties encountered in integrating merged businesses and the ability to successfully combine product offerings and customer acceptance of combined products. 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 most recently filed Forms 10-K and 10-Q. Symantec undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.

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