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Terms and conditions of the prize draw organized by Panda Software International, S.L. of 2 PlayStation Portable consoles.

PURPOSE: Panda Software International is organizing a prize draw of 2 PlayStation Portable consoles.

GEOGRAPHIC LIMITS: The draw is open to users worldwide.

PERIOD: This promotion is valid from June 20, 2007 to July 24, 2007 both inclusive. Panda Software International reserves the right to suspend, postpone or cancel the competition at any time prior to the corresponding draw, provided there is justification for doing so.

CONDITIONS: The competition is open to all users who register as a beta tester at pandasoftware.es or pandasoftware.com, and who once they have downloaded a free beta version or the commercial Beta version of Panda Antivirus + Firewall 2008 (from http://www.pandasoftware.com/download/beta/particulares/T08.htm) or Panda Internet Security 2008 (from http://www.pandasoftware.com/download/beta/particulares/P08.htm), have reported an incident concerning this product to beta@pandasoftware.es or beta@pandasoftware.com or to the beta section of the Quality department. Panda Software International will determine the validity of each incident according to the following criteria:

Only one entry per person.

The prize drawing is not open to employees of Panda Software Spain or Panda Software International, nor members of their direct or indirect family, nor to members of the Distribution Channel of either company or their direct family.

PRIZE: The prize is 2 PlayStation Portable consoles. Panda Software International reserves the right to substitute the prize for another of the same range and similar or greater value.

The rules and conditions of the prize drawing will be in accordance with applicable Spanish legislation.

PRIZE DRAW: The drawing will be held on July 26, 2007 in Panda Software International's offices using a computer program created for this purpose. The name of the winner will be communicated personally via email and the prize will be delivered via UPS within 15 days of the draw. If the winner cannot be located within 15 days of the drawing, the prize will be declared void.

NOTIFICATION: Panda Software International will notify the winner by email on July 26. The winner should contact Panda by replying to the email within 15 days of receiving it. The winner agrees to the use of his/her data in order to inform him/her of the fact he/she has won. If the winner cannot be located, the prize will be declared void.

PROTECTION OF PERSONAL DATA: Under the terms of Spanish Organic Law 15/1999 on the Protection of Personal Data, Panda Software International, informs you that personal data collected as a result of your participation in the prize draw will be included in an automated data file belonging to Panda Software International with registered offices in Bilbao (Spain), Buenos Aires 12, 48001, and will be processed by Panda Software International, in accordance with current legislation governing protection of personal data, in order to administer the different phases of the prize draw and to send you commercial and/or promotional communication deemed of interest to you, by any means including e-mail. Panda Software International, in any event, guarantees the participant the right to access, rectify, cancel and object to the data, as well as to cease receiving communication via email, by notifying Panda Software International by sending an email to legal_affairs@pandasoftware.com; or by sending a letter to: Panda Software International, Legal Affairs Office, Calle Buenos Aires nº12, 48001–Bilbao-Spain, clearly indicating your name, surname, postal address and email address.

Panda Software International guarantees that it will take all opportune measures to ensure confidential treatment of your data.

GENERAL: Should any of the above conditions be invalid in law, this will not affect the rest of the content of these terms and conditions, which will continue to be valid. Panda Software International reserves the right to make changes to this competition. Participation in the competition implies full acceptance of the present terms and conditions.

Madrid, June 2007.