Market Overview

Symantec Confirms Receipt of Director Nominations


No Stockholder Action Required at This Time

Symantec Corp. (NASDAQ:SYMC) today issued the following statement in
response to the submission by Starboard Value ("Starboard"), of five
nominees to stand for election to the Symantec Board of Directors at
Symantec's 2018 Annual Meeting of Stockholders ("2018 Annual Meeting").

Symantec maintains open communications with its stockholders and values
constructive input that advances the goal of creating value for all
stockholders. Over the last several weeks, we have had a dialogue with
Starboard and we plan to continue these discussions.

The Nominating and Governance Committee of the Symantec Board (the
"Committee") is responsible for identifying individuals qualified to
become members of the Symantec Board and recommending to the Board the
director nominees to be put before stockholders at each annual meeting.
To that end, the Committee is evaluating the nominations put forth by
Starboard consistent with established policies.

The Company's 2018 Annual Meeting has not yet been scheduled. As
previously disclosed, the Audit Committee of the Company's Board of
Directors is conducting an internal investigation. The Company intends
to finalize and file its financial statements with the U.S. Securities
and Exchange Commission ("SEC") following completion of the
investigation and subsequent procedures by the Company's independent
public accounting firm, at which point Symantec will schedule its 2018
Annual Meeting and file its proxy materials with the SEC. The Company's
Board of Directors will present its formal recommendation to
stockholders regarding director nominations in the Company's proxy
statement. Stockholders do not need to take any action at this time.

Goldman Sachs & Co. LLC is serving as financial advisor and Fenwick &
West LLP is serving as legal advisor to Symantec.

About Symantec

Symantec Corporation (NASDAQ:SYMC), the world's leading cybersecurity
company, helps organizations, governments and people secure their most
important data wherever it lives. Organizations across the world look to
Symantec for strategic, integrated solutions to defend against
sophisticated attacks across endpoints, cloud and infrastructure.
Likewise, a global community of more than 50 million people and families
rely on Symantec's Norton and LifeLock product suites to protect their
digital lives at home and across their devices. Symantec operates one of
the world's largest civilian cyber intelligence networks, allowing it to
see and protect against the most advanced threats. For additional
information, please visit
or connect with us on Facebook, Twitter, and LinkedIn.

Forward-Looking Statements

This press release contains statements which may be considered
forward-looking within the meaning of the U.S. federal securities laws,
including the statements regarding the outcome of ongoing discussions
with Starboard, the future composition of Symantec's Board of Directors,
the timing and outcome of the ongoing Audit Committee investigation, and
the filing of Symantec's periodic reports and proxy statement with the
SEC. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to differ materially from results expressed
or implied in this press release. Such risk factors include, but are not
limited to, risks relating to the uncertainties regarding future actions
that may be taken by Starboard in furtherance of its stated intention to
nominate director candidates for election at the 2018 Annual Meeting,
the effects on the Company of Board and management engagement with
Starboard, the risk that the Audit Committee investigation may take
longer to complete than expected, the risk that the Audit Committee
investigation identifies errors, which may be material or which impact
the timing of Company filings, and the risks associated with legal
proceedings or government investigations relating to the subject matter
of the Audit Committee investigation or related matters. Additional
information, including other risk factors, is contained in the Risk
Factors sections of Symantec's most recent reports filed with the SEC on
Form 10-K and Form 10-Q. Symantec assumes no obligation, and does not
intend, to update these forward-looking statements as a result of future
events or developments.

Important Additional Information and Where to Find It

Symantec plans to file with the SEC and mail to its stockholders a proxy
statement and accompanying solicitation materials in connection with the
2018 Annual Meeting. The proxy statement will contain important
information about Symantec, the 2018 Annual Meeting and related matters.

Symantec, its directors and certain of its executive officers may be
deemed to be participants in the solicitation of proxies from its
stockholders in connection with the matters to be considered at the 2018
Annual Meeting. Information regarding the names of the Company's
directors, nominees and executive officers and their respective
interests in Symantec will be set forth in the proxy statement and
accompanying solicitation materials and in their respective Section 16
filings made after the date of the proxy statement. These documents
(when they become available), and any and all documents filed
by Symantec with the SEC, may be obtained by investors and stockholders
free of charge on the SEC's website at
Copies will also be available at no charge on the Symantec's website at

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