VeriSign Board of Directors Names Company Founder Jim Bidzos to Executive Chairman, President and CEO

MOUNTAIN VIEW, CA, Jul 03 (MARKET WIRE) --
VeriSign, Inc. (NASDAQ: VRSN) today announced that its board of directors
has named Jim Bidzos executive chairman, on an interim basis.
Additionally, the board of directors elected Mr. Bidzos president and
chief executive officer, on an interim basis, replacing William A. Roper,
who resigned from the company and the board of directors effective June
30, 2008.

As the company's founder and initial CEO, Mr. Bidzos has served as either
chairman or vice chairman of the board of directors of VeriSign since
April 1995. Mr. Bidzos also served in both senior-executive and board
level capacities with RSA from 1986 to 2002.

"VeriSign remains committed to our strategy of focusing the company on its
core businesses while continuing the divestiture of all non-core
operations, which will proceed as planned. We continue to expect that most
sale transactions will be substantially completed this year," said Mr.
Bidzos. "As chairman during the last year, I have been actively involved
with VeriSign's management team and I now look forward to capitalizing on
the company's growth opportunities within its core businesses and new
opportunities that align with the company's core competencies."

Mr. Bidzos said, "Over the last year, Bill Roper led the development and
implementation of the company's strategy to focus the company on its core
businesses. He's also improved the company's capital structure with the
repurchase of more than 28 percent of the shares outstanding. We
appreciate Bill's contributions in implementing this divestiture
strategy, which the board and the company are fully committed to
continuing."

Mr. Roper said, "I have enjoyed my association with VeriSign immensely.
The success of our strategy of focusing the company on its core
capabilities in Internet infrastructure is reflected in improved
operating and financial results. I wish the best for my former colleagues
as I move on to the next chapter in my career."

The Company also announced that it expects revenue for its second quarter
2008 will meet or exceed current consensus estimates as reported by
Thomson Financial. The company will announce second quarter 2008
financial results on August 6, 2008.

Today's Conference Call

VeriSign will host a live teleconference call today at 11:00 am (PDT) to
introduce Mr. Bidzos. The call will be accessible by direct dial at
888-676-8776 (US) or 913-312-0724 (International).

A listen-only live web cast as well as a replay will also be available at
investor.verisign.com.

A replay of this call will be available at 888-203-1112 or 719-457-0820
(passcode: 5349975) beginning at 2:00 pm (PDT) on July 3 and will run
through July 9.

This press release is available on the Investor Relations section of the
VeriSign website at investor.verisign.com.

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet
infrastructure services for the networked world. Billions of times each
day, VeriSign helps companies and consumers all over the world engage in
communications and commerce with confidence. Additional news and
information about the company is available at www.verisign.com.

VRSNF

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, the uncertainty of future revenue
and profitability and potential fluctuations in quarterly operating
results due to such factors as increasing competition and pricing
pressure from competing services offered at prices below our prices and
market acceptance of our existing services, the inability of VeriSign to
successfully develop and market new services, and the uncertainty of
whether new services as provided by VeriSign will achieve market
acceptance or result in any revenues and the risk that the planned
divestitures of certain businesses may be delayed, may generate less
proceeds than expected or may incur unanticipated costs or otherwise
negatively affect VeriSign's financial condition, results of operations
or cash flows, the uncertainty of whether VeriSign will be able to
capitalize on growth opportunities, and the uncertainty of whether
Project Titan will achieve its stated objectives. 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, including in the Company's Annual Report on Form
10-K for the year ended December 31, 2007, Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K. VeriSign undertakes no obligation to
update any of the forward-looking statements after the date of this press
release

Copyright2008 VeriSign, Inc. All rights reserved. VeriSign, the VeriSign
logo, the checkmark circle, and other trademarks, service marks, and
designs are registered or unregistered trademarks of VeriSign, Inc., and
its subsidiaries in the United States and in foreign countries. All other
trademarks are property of their respective owners.

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