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VeriSign Names William Fasig and Barry Anderson To Executive Team

Seasoned Technology Veterans Bring Strong Experience in Global Branding and Human Resource Management

Mountain View, CA, May 2, 2001 - VeriSign, Inc. (NASDAQ:VRSN), the leading provider of Internet trust services, today announced that it has named two seasoned executives to its senior ranks. Bill Fasig, formerly vice president of Corporate Communications for Compaq Computer Corporation, joins the company as senior vice president of Corporate Marketing and Barry Anderson, formerly executive vice president and general counsel of QAD, Inc., joins as senior vice president of Human Resources.

"With employees around the world, a trust network of close to 40 global Affiliates and millions of customers in every country on the Internet, VeriSign now truly has global reach," said Stratton Sclavos, president and CEO of VeriSign. "Bill's global branding experience and Barry's strong human resources leadership will contribute significantly to our mission of enabling everyone, everywhere to use the Internet with confidence."

"I am extremely pleased to join VeriSign at this exciting time," said Fasig, "With global Internet penetration having only just begun, VeriSign is poised to become one of a handful of key companies shaping the future of the Internet and I look forward to being a part of the VeriSign team."

"I see working for VeriSign as one of those rare opportunities to work for a company that some day my daughter and my daughter's daughter will say that I worked for VeriSign way back when," said Anderson. "I truly believe that there are few companies who deserve this distinction with VeriSign clearly being one of them."

Fasig joins VeriSign with over 17 years of experience in both the corporate and agency worlds. Prior to his position at Compaq, Fasig was the chairman and managing director for Burson- Marstellar/Young & Rubicam's Global Technology Practice and he held senior management positions with Apple Computer both in Cupertino, California and Washington, D.C.

Anderson joins VeriSign after serving in senior positions at QAD, the leading provider of supply chain enabled Enterprise Resource Planning software. Prior to QAD, Anderson held senior international management positions with Technology Ventures, Bank South Corporation, Lanier Worldwide, Arabian American Oil Company, and Lockheed Aircraft Service Company.

About VeriSign 
VeriSign, Inc. (Nasdaq:VRSN) is the leading provider of trusted infrastructure services to Web sites, enterprises, electronic commerce service providers and individuals. The Company's domain name, digital certificate and payment services provide the critical web identity, authentication and transaction infrastructure that online businesses require to conduct secure e-commerce and communications. VeriSign's services are available through its Web site (www.verisign.com) or through its direct sales force and reseller partners around the world.

Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, VeriSign's limited operating history under its current business structure, uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results, increased competition, risks associated with the company's international business and risks related to potential security breaches. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, especially in the company's Annual Report on Form 10-K for the year ended December 31, 2000. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.

VeriSign is a registered trademark of VeriSign, Inc. Other names may be trademarks of their respective owners.