Panda Software™ WELCOMES Microsoft™ INITIATIVES FOR IMPROVED computer security FOR IMMEDIATE RELEASE MADRID, SPAIN – June 11, 2003 – Multinational antivirus leader Panda Software™ reacted affirmatively to yesterday’s Microsoft’s acquisition of GeCAD software, which Microsoft™ states it will use to enhance the Windows platform and extend support for third-party antivirus vendors. "We have worked with Microsoft for two years now on a better infrastructure for antivirus management, and we will continue to do so,” said Mikel Urizarbarrena, CEO and President of Panda Software. “Microsoft’s first step will help set standards and let users and developers focus on fighting viruses.” Patrick Hinojosa, CTO of Glendale, CA based Panda Software USA, added, “Hackers don't respect categories. Early this year, our Antivirus Appliance was able to stop Slammer, actually a denial of service attack. We predict that categories of intrusion will continue to be blurred, and that anti- virus will redefine itself as anti-malware, which will challenge the best expert teams. Our philosophy of proactive defense will help our users remain as safe as possible into the future." Hinojosa continued, “Network and security managers know that not all virus labs are created equal, and many already know that Panda's labs are the best in the world. We look forward to helping many, many more. Prudent managers know they need to put Panda in their network stack, to achieve optimum security.” About Panda Software Panda Software (http://www.pandasoftware.com) is the first company to allow truly automatic daily signature updates, as well as centralized administration of antivirus protection, both of which have revolutionized the antivirus industry. Panda Software is known for its user-friendly policies, including free telephone support for corporate customers, expanded competitive renewal programs and free disinfection services. All of its products feature exclusive SmartClean™ technology and are endorsed by major industry watchdogs including ICSA Labs and Checkmark. # # # FOR MORE INFORMATION: Alan Wallace VP, Corporate Communications & Public Relations USA www.pandasecurity.com

