October 16, 2003

VeriSign to Sell Network Solutions Business to Pivotal Private Equity

VeriSign, Inc, the leading provider of critical infrastructure services for the Internet and telecommunications networks, today announced it has
signed a definitive agreement to sell the Network Solutions business unit to Pivotal Private Equity. Under the terms of the agreement, VeriSign will
receive approximately $100 million, consisting of $60 million in cash and a $40 million senior subordinated note. VeriSign will also retain a 15%
equity stake in Network Solutions. The transaction is subject to certain closing conditions and is anticipated to close in the fourth quarter.

Link: verisign.com

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