UPDATE: Verisign Reports US DoC Approval of Newly Revised Dot Com Registry Agreement

RESTON, VA -- (Marketwire) -- 11/30/12 -- VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services forthe networked world, today announced the U.S. Department of Commerceapproved the renewal of Verisign's agreement with the InternetCorporation for Assigned Names and Numbers (ICANN) to serve as theauthoritative registry operator for the .com registry (the "2012 .comRegistry Agreement") for the term commencing on Dec. 1, 2012 throughNov. 30, 2018 with certain new terms and conditions. The CommerceDepartment determined the 2012 .com Registry Agreement is in thepublic interest under Amendment 30 of the Cooperative Agreementbetween the Commerce Department and Verisign. Verisign also announcedthe execution of the 2012 .com Registry Agreement by both ICANN andVerisign. The Commerce Department's approval of the 2012 .com Registry Agreement contains important new terms and conditions. First,Verisign's current pricing of $7.85 per domain name registration willcontinue for the six-year term of the Agreement. Second, Verisign nolonger has the right to four price increases of up to seven percentover the six-year term. Price increases are limited to circumstancesbased on the imposition of new Consensus Policy or extraordinaryexpenses related to security or stability threats, and now requireCommerce Department prior approval. Finally, pricing restrictions maybe removed entirely if Verisign demonstrates to the CommerceDepartment's satisfaction that market conditions no longer warrantsuch restrictions. Verisign continues to operate the .com registry with unsurpassedsecurity and reliability. With continued innovation and investmentsin its infrastructure, Verisign has been able to meet the performanceand scalability demands of .com. The company has and continues toimplement critical technical enhancements for .com, such as IPv6 andDNSSEC support, to ensure the integrity and availability of theInternet Domain Name System (DNS).