WatchGuard Reports Annual Meeting Voting Results

WatchGuard Technologies, Inc. (Nasdaq:WGRD), a leading
provider of Unified Threat Management solutions, today announced the
results of the voting at its Annual Meeting of Stockholders. Its
stockholders elected Steven N. Moore to the board of directors as a
Class 3 director and ratified the appointment of Ernst & Young LLP as
the company's independent registered public accounting firm for the
year ending December 31, 2006. WatchGuard's stockholders did not
approve its stockholder rights plan.
   "While we are disappointed that the rights plan was not approved,
our disappointment stems from the fact that we believed the rights
plan was an important tool we had at our disposal to maximize the
value we could bring to our stockholders in any negotiated strategic
transaction," said Ed Borey, chairman and chief executive officer. "As
I have stated many times in the past, I and the Board of Directors are
control-agnostic and are, and have been, actively evaluating the
long-term strategic alternatives for the Company. It is for this
reason that we formally engaged Wachovia Securities as financial
advisor in December of 2005, and we continue to remain committed to
determining the path that creates the greatest value for our
stockholders."

   About WatchGuard Technologies, Inc.

   WatchGuard provides network security. The company's Firebox X
family of upgradeable appliances delivers the performance,
functionality and security strength to meet the needs of organizations
of any size. WatchGuard's Intelligent Layered Security protects
against emerging threats and provides the platform to integrate
additional services offered by the Company. All WatchGuard products
include a LiveSecurity Service subscription for vulnerability alerts,
software updates, expert security instruction, as well as
individualized and self-help customer care. WatchGuard is
headquartered in Seattle, Washington, with offices throughout Europe
and Asia. For more information, please visit www.watchguard.com.

   Certain statements in this press release, including statements
about our ability to maximize the value we can bring to our
stockholders, statements about our ability to pursue and create value
for our stockholders from our chosen long-term strategic alternative
and other statements about our plans, objectives, intentions, and
expectations are "forward-looking statements" within the meaning of
the Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on the opinions and estimates of management at
the time the statements are made and are subject to known and unknown
risks and uncertainties and inaccurate assumptions that could cause
actual results to differ materially from those expected or implied by
the forward-looking statements. Our actual results could differ
materially from those anticipated in the forward-looking statements
for many reasons, including the risk that we are unable to maximize
the value we can bring to our stockholders, the risk that we are not
able to pursue and create value for our stockholders from our chosen
long-term strategic alternative and the other risks described under
"Risk Factors" in our annual report on Form 10-K for the year ended
December 31, 2005, and in our Securities and Exchange Commission
filings from time to time. Readers are cautioned not to place undue
reliance upon these forward-looking statements, which speak only as of
the date of this release.

   WatchGuard, LiveSecurity and Firebox are either registered
trademarks or trademarks of WatchGuard Technologies, Inc. or its
subsidiaries in the United States and/or other countries. All other
trademarks are the property of their respective owners.