Investor PresentationFebruary 2017

The New

DISCLAIMER

This presentation contains "forward-looking" statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, regarding Symantec’s anticipated scale, growth and profitability, Symantec’s operating efficiencies and the anticipated benefits therefrom, the pace of Symantec’s deleveraging plan, Symantec’s acquisition of LifeLock and the expected benefits of the acquisition to Symantec, including without limitation expected revenue and subscriber growth, product integration, improvements to total addressable market and value proposition, earnings accretion and cost savings, statements regarding cost reduction, integration and synergy efforts, and the potential benefits to be derived therefrom, any statements of the anticipated benefits of the Blue Coat acquisition, and the size and growth outlook of the Consumer Security and Enterprise Security businesses, and any statements of assumptions underlying any of the items mentioned. These statements are based on estimates and information available to us at the time of this presentation and are not guarantees of future performance. Actual results could differ materially from our current expectations as a result of many factors, including but not limited to: general economic conditions; the ability of Symantec to successfully execute strategic plans and maintain customer and partner relationships, including retention rates; lower than anticipated growth of certain market segments; fluctuations in tax rates and currency exchange rates; the timing and market acceptance of new product releases and upgrades; challenges associated with integration of acquired businesses, including the products and services therefrom; and other risks that may impact our business are set forth in the section entitled “Risk Factors” of Symantec's Form 10-K for the fiscal year ended April 1, 2016 and the Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2016. We assume no obligation to, and do not currently intend to, update any such forward-looking statements.

Items identified as “pro forma” throughout this presentation are provided for illustrative purposes. The amounts referred to as “pro forma” are calculated as footnoted to enable the reader to better understand the combined businesses and may not comply with the definition of “pro forma” under U.S. generally accepted accounting principles, or GAAP, or ASC standards. Unless otherwise indicated herein, all financial measures described as “LTM” are presented as the sum of (x) the applicable financial measure for the twelve months ended December 30, 2016 as adjusted to give pro forma effect to Symantec’s acquisition of Blue Coat, Inc. as if it had occurred on April 4, 2015, plus (y) the midpoint of preliminary range for the corresponding LifeLock, Inc. financial measure for the year ended December 31, 2016 as reported in the Form 8-K furnished to Securities and Exchange Commission by LifeLock, Inc. on February 1, 2017.

This presentation includes non-GAAP financial measures. The most directly comparable GAAP information and a reconciliation of the GAAP financial measures to the non-GAAP financial measures are provided in the Appendix. The method we use to produce non-GAAP results is not computed according to GAAP and may differ from the methods used by other companies. Non-GAAP financial measures are supplemental, should not be considered a substitute for financial information presented in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management team uses these non-GAAP financial measures in assessing Symantec’s operating results, as well as when planning, forecasting and analyzing future periods.

Copyright © 2017 Symantec Corporation

2

Experienced Management Team with Proven Operational Success and Deep Cybersecurity Knowledge

3

Greg Clark, CEO Nicholas Noviello, CFO

• CEO, Blue Coat

• CEO, E2OPEN

• CEO, Mincom

• Founder, Dascom(IBM Tivoli Security)

• Distinguished Engineer, IBM

• Security Systems AT&T

• AT&T Bell Labs

• CFO, Blue Coat

• CFO, NetApp

• CFO, Honeywell (2 Global Strategic Business Units)

• Audit, Tax & M&A PwC

Michael Fey, President & COO

• President & COO, Blue Coat

• CTO, Intel Security

• EVP / GM, McAfee Enterprise Business

• SVP, Opsware Field Engineering

Fran Rosch, EVP & GM of Norton

• EVP, User Protection and Productivity, Symantec

• VP, Identity and Authentication Services, Symantec

• VP, Authentication, VeriSign

Roxane Divol, EVP & GM Website Security

• Board Member, Wolverine Worldwide

• Board Member, Global Fund for Women

• Partner, McKinsey

Symantec | At a Glance

175M endpoints under protection

9 SOCs threat response centers

3,500+R&D engineers

350,000+customers worldwide

$5.0B LTM* non-GAAP revenue1 2,100+ patents

* See slide 2 (Disclaimer) for a description of this term.1. LTM pro forma financials calculated as the sum of $4,299mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock

financial metric for the year ended December 31, 2016. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure. 4

Summary

5

Global cybersecurity leader protecting enterprises, governments and consumers• Largest pure-play cybersecurity company in the world,1 with leadership positions in enterprise and consumer cybersecurity

• Integrated Enterprise Cyber Defense platform across web, users, information, and messaging

• Digital Safety Platform protecting consumers’ information, devices and identity

Technology leader across multiple segments, with unmatched breadth of cybersecurity capabilities • Leader in four of Gartner’s magic quadrants for enterprise cybersecurity2

• Combining the leading identity protection solution (LifeLock) with the leading consumer security suite (Norton)

Attractive growth outlook driven by differentiated capabilities and strong secular trends• Focused on cybersecurity end market which is expected to benefit from strong secular growth drivers

• Growth trajectory accelerated by Blue Coat and LifeLock acquisitions3

Strong financial profile4

• Operating at scale globally, with LTM* non-GAAP revenue of $5.0bn and adj. EBITDA of $1.6bn

• Large, diversified install base with highly predictable revenue model

Disciplined capital structure• Conservative financial policies with expectation of rapid deleveraging

* See slide 2 (Disclaimer) for a description of this term.1. As measured by revenue. Source: Gartner 2015.2. Source: Gartner Magic Quadrants for Endpoint Prevention, Secure Web Gateway, Data Loss Prevention, and Managed Security Services markets, 2015-2016.3. LifeLock acquisition expected to close in the 1st calendar quarter of 2017.4. LTM pro forma revenue calculated as the sum of $4,299mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock

financial metric for the year ended December 31, 2016. LTM pro forma adj. EBITDA calculated as the sum of $1,468mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $93mm preliminary estimated LifeLock financial metric for the year ended December 31, 2016. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.

Symantec Overview

6

Market Leading Security & Safety Platforms

7

Consumer Digital Safety Platform

Protects Information Across PC’s, Macs and Mobile

Monitors, Alerts and Restores Your Identity

Protects the Connected Home and Family

Shared Telemetry Across Major Control Points

Positioned To Help Enterprise Securely Move to the Cloud

Integrated For Faster Detection and Remediation of Threats

Enterprise Security Platform

Consumer Digital Safety market is approximately a $10bn2 opportunity

Norton is the market share leader of paid consumer endpoint security4

LifeLock is a leading provider of identity protection6

Combined customer base of ~50mm consumers

Over 95%8 of revenue recognized ratably leading to high visibility

Broad portfolio addressing the over $80bn1 spent annually on enterprise security

Symantec is the leader in Gartner Magic Quadrants in DLP, MSS and EPP3

Blue Coat is market share leader and a leader in Gartner Magic Quadrant in SWG5

Over 350k customers including ~90% of Fortune 1000

85%7 of revenue recognized ratably leading to high visibility

1. Source: Gartner 2016.2. Source: Company estimates for 2021, Gartner, McKinsey.3. Source: Gartner Magic Quadrants for Data Loss Prevention, Managed Security Services and Endpoint Protection

markets 2015-2016.4. Source: Gartner 2015.

5. Source: IDC 2016. Gartner Magic Quadrant for Secure Web Gateway 2015-2016.6. Source: Market research, McKinsey analysis.7. Based on non-GAAP LTM Enterprise revenue pro forma for the Blue Coat acquisition as of fiscal Q1’17.8. Adjusted to include preliminary estimated revenue of LifeLock as of fiscal Q1’17.

Acquisition

LTM* Non-GAAP Revenue: $2.3bn2

8

1 2 3

Improve Enterprise Security Business

Refocused onCybersecurity

Two leading business segments with scale, focused management teams, and strong financial profiles

(growth, profitability, cash flow)

Transforming Enterprise Security with Integrated Cyber Defense Platform

Divested Security & Storage

• Leadership across information, users, web, and messaging

• Blue Coat is the market share leader in Secure Web Gateway

• $150mm of projected cost synergies

• Continuing partnership with SilverLake & Bain

Enabled Symantec to focus on growingits security business

• $400mm projected net cost savings

• Streamlining operational processes

• Eliminating stranded costs post-Veritas divestiture

• Partnering with SilverLake to drive financial discipline

4

AcquisitionTransforming Consumer Security

to a Digital Safety Platform

• ~50mm combined customer base

• Leading market share

• $80mm of projected cost synergies

• Bundle Norton & LifeLock products

Symantec’s Transformation

Driving operational improvement following the divestiture of Veritas

LTM* Non-GAAP Revenue: $2.7bn1

* See slide 2 (Disclaimer) for a description of this term. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure. 1. $2.7 bn LTM pro forma revenue represents $2,688mm standalone Symantec Enterprise business segment (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016. 2. $2.3bn LTM pro forma revenue calculated as the sum of $1,611mm standalone Symantec Consumer business segment for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock financial metric for

the year ended December 31, 2016.

9

Enterprise Security Platform

Expanding Enterprise Network

Evolving Attack Surface

Encrypted Network

Multi-Phased and Multi-Staged Attacks

10

Multi-Phased and Multi-Staged Attacks

RegionalOffice

Headquarters Data Center

RoamingUsers

Security Stack

SSL Encryption

SSL Encryption

SSL Encryption

IOT DevicesPersonal Devices

11

Innovation for the Cloud Generation: Ensuring Safe Cloud Usage

RegionalOffice

Headquarters Data Center

RoamingUsers

IOT DevicesPersonal Devices

12

13

Consumer Digital Safety Platform

Protecting your information, devices, identity and ~50mm consumers every day

Monitors, Alerts and Restores Your Identity

Protects the Connected Home and Family

14

689 million people globally

were victims of cybercrime

Identity theft has been a top FTC complaint in the U.S. for the last 15 years, with complaints up 47% to a combined 27% of all consumer complaints to the

FTC between ID Theft and Imposter Scams

new account fraud doubled in 2015

Total Reported Identities Exposed

Every 2 seconds

someone is a victim of identity theft

429 million

39% of Americans experienced cybercrime

in the past year

Cybercrime is a Large and Growing Problem For Consumers

~$10 billion Digital Safety TAM growing at 7% a year1

Source: Symantec ISTR, Javeline (2016), FTC (2015), ID Theft Center (2015).1. CAGR over the next four years. Includes Endpoint Security, Identity Protection, Private VPN and Connected Home Security markets.

Symantec’s Consumer Security Journey

15

Protecting all Consumer Devices against Malware, Ransomware, Phishing Scams and TrojansProtecting online activity and information across Microsoft, Android, Mac and iOSdevices

IoT and Connected HomeProtecting homes and family

Consumer Digital Safety Platform

Identity and Fraud ProtectionProtecting personal information and identity across the device, network, and cloud

Known and Trusted Brand

Strong Security Expertise

Deep Technology Leadership

Outstanding Service & Support

16

LifeLock is a Leading Provider of Identity Protection

Compelling Value Proposition, Competitive Differentiation, High Retention, Scale & Growth

Implied Customer Life

6.7 yearRetention

Rate3

85.5%ARPU1

$147 $668mm2016

Total Revenue4

(up from $587mm5

in 2015)

Million Members in

the U.S.

4.4Enterprises Leveraging

Data Analytics

400+

Monitor Alert Restore

Detect identity related incidents

Alert members of suspicious activity

Addresses fraud-related issues on behalf of victims

ID Analytics proprietary Data Platform powers LifeLock Identity Protection offeringsConstantly increasing the value to members and to the financial and insurance institutions contributing content to the platform

Net Promoter Score2

64

Note: This information is based on information provided in the LifeLock public filings. Information is derived from internal analysis by LifeLock’s management. 1. Source: LifeLock SEC filings: the product of 12 multiplied by the monthly average revenue per member reported as of September 30, 2016.2. Source: NPS® Benchmarks 2015.3. Source: LifeLock SEC filings: member retention rate is the percentage of members on the last day of the prior year period who remain members on the last day of the current year period.4. LifeLock SEC filings: represent preliminary estimated year-end December 31, 2016 revenue, adjusted EBITDA, and free cash flow and are calculated based on the mid-point of range provided in the 8-K filed on February 1, 2017.5. Source: LifeLock SEC filings.6. Financial metrics are non-GAAP.

$93mm2016

Adj. EBITDA4,6

(up from $72mm5

in 2015)

$91mm2016

Free Cash Flow4,6

(up from $89mm5

in 2015)

82.7%87.1% 87.8% 87.7% 86.5% 85.5%

2011 2012 2013 2014 2015 First 3Q 2016

Value Proposition Has Driven Strong Member Growth and High Retention

17

Subscriber Profile Growing Members…with Robust Retention Rate

40+

3 Credit Cards

~$80K Income

Auto Insurance

Years OldHomeowner’s

Insurance

Children

1.5

2.0

2.5

3.0

3.5

4.0

4.5

2010 2011 2012 2013 2014 2015 2016

Cumulative Ending Members (mm)1

4.4mm members in Q3 2016

Member Retention Rate2

Note: This information is based on information provided in the LifeLock public filings. Information is derived from internal analysis by LifeLock’s management. 1. Source: LifeLock SEC filings. 2. Source: LifeLock SEC filings: member retention rate is the percentage of members on the last day of the prior year period who remain members on the last day of the current year period.

Creating the First Comprehensive Digital Safety Platform

18

Protects and Monitors Your Digital LifeAlerts You to Malicious Activity

Restores Your Identity When Compromised

• Identity Protection• Identity Threat Notification

Consumer Digital Safety Platform

Protects Information Across PC’s, Macs and Mobile

Monitors, Alerts and Restores Your Identity

Protects the Connected Home and Family

• Multi-Device Security supporting Microsoft, Mac, Android and iOS platforms

• Parental controls• Consumer IoT• Private VPN• Backup

• Credit Reports• Service Guarantee

Prevents, detects, and remediates malware across PCs, laptops, and mobile

Secure multi-device VPN

Protects consumer IoT devices

Identity protection from fraudulent activity*

Monitors identity in “dark web”

Provides identity remediation services

Note: LifeLock does not monitor all transactions at all businesses. No one can prevent all identity theft.

Transforming Symantec’s Consumer Business

19

Expands Consumer Market Opportunity

• Digital Safety Platform protecting your information, devices and identity

• Accelerating position in identity protection with acquisition of LifeLock

• Combines the leading consumer security and identity protection providers to serve ~50 million consumers globally

Additional Upside Opportunities

• Cross-sell identity protection into large Norton US customer base

• Optimize retention of LifeLock customer base by adding cyber defense value from Norton security offerings

• International expansion of LifeLock offering

Consumer SecurityRevenue Growth

Expectations

• Improving revenue growth

• High visibility, subscription revenue model

Strong Margin Expectations

• Estimated $30 million annual cost synergies by end of FY18, expected to increase to $80 million by end of FY20

• Incremental operating income and healthy margins

• Meaningful leverage across operations and overhead

Financial Summary

20

Financial Transformation of Symantec

21

• Pure play cyber security company

• $5.0bn LTM* non-GAAP revenue and $1.6bn adj. EBITDA1

• Highly recurring and predictable revenue model and industry-leading profitability

• Strong and sustainable cash flow generation with significant liquidity and strong balance sheet

• $4.4bn of pre-payable or maturing debt; expect to pay down debt rapidly

• Blue Coat acquisition accelerates transformation of enterprise business

• Integrated cyber defense platform of $2.7bn2 in LTM* non-GAAP revenue

• Substantial improvement in profitability

• Benefiting from $400mm cost savings and $150mm Blue Coat synergies

• LifeLock acquisition enables transformation of consumer business to growth

• Consumer digital safety platform of $2.3bn2 in LTM* non-GAAP revenue

• Incremental operating income and healthy margins

• $80mm expected synergies from LifeLock acquisition

* See slide 2 (Disclaimer) for a description of this term.1. LTM pro forma revenue calculated as the sum of $4,299mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock

financial metric for the year ended December 31, 2016. LTM pro forma adj. EBITDA calculated as the sum of $1,468mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $93mm preliminary estimated LifeLock financial metric for the year ended December 31, 2016. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.

2. $2.7 bn LTM pro forma revenue represents $2,688mm standalone Symantec Enterprise business segment (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016. $2.3bn LTM pro forma revenue calculated as the sum of $1,611mm standalone Symantec Consumer business segment for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock financial metric for the year ended December 31, 2016.

Transition to Profitable Growth at Scale

22

$3,986$3,600

$4,299

$4,967

FY15A FY16A LTM

Non-GAAP Revenue1 ($mm)

$1,548

$1,239$1,468

$1,561

FY15A FY16A LTM

Adj. EBITDA1,2 ($mm)

33

LTM Pro Forma for LTM Pro Forma for

Standalone

Standalone

1. Historical amounts in USD. All amounts and adjustments are from continuing operations (excluding the impact of Veritas). 2. Adj. EBITDA is calculated as Non-GAAP operating income plus depreciation.3. LTM pro forma revenue calculated as the sum of $4,299mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $668mm preliminary estimated LifeLock

financial metric for the year ended December 31, 2016. LTM pro forma adj. EBITDA calculated as the sum of $1,468mm standalone Symantec (pro forma adjusted for Blue Coat financial metric) for the twelve months ended December 30, 2016 plus $93mm preliminary estimated LifeLock financial metric for the year ended December 31, 2016. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.

4. Source: LifeLock SEC filings: represent preliminary estimated year-end December 31, 2016 revenue and adjusted EBITDA are calculated based on mid-point of range provided in the 8-K filed on February 1, 2017.

3 3

4

4

Symantec + LifeLock: Well Balanced, Highly Predictable Revenue Model

23

Source: Symantec SEC filings, 8-K filed on February 1, 2017; please refer to the 10-Q when it is available. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure. 1. Historical amounts in USD and are on a non-GAAP basis. All amounts are from continuing operations, excluding the impacts of Veritas.2. Fiscal Q3’17 metrics, pro forma for LifeLock financials as reported by the company (LifeLock SEC filings: represents preliminary estimated quarter-end December 31, 2016 revenue and is calculated as based on mid-point of range

provided in the 8-K filed on February 1, 2017).3. Based on LTM Enterprise non-GAAP revenue pro forma for the Blue Coat acquisition as of fiscal Q1’17.4. Adjusted to include preliminary estimated revenue of LifeLock as of fiscal Q1’17.5. LifeLock SEC filings.

45%55%

Enterprise Consumer

Most Recent Quarter Revenue1,2

Enterprise:

• Large install base with 350K+ customers

• Strong renewal rates

• Significant deferred revenue

• Up-sell/cross-sell opportunity

• 85%3 of revenue ratably recognized

Consumer:

• Combined customer base of ~50mm consumers

• High visibility, subscription revenue model

• Auto-renewals driving strong retention

• 95%4 of revenue ratably recognized

• LifeLock retention rate 85%+5

Highly Predictable Revenue Model

Cost Savings & Synergies Initiatives

24

Transaction Cost SynergiesStandalone Cost Savings(announced Q4 FY16)

$400 million $150 million $80 million

Committed Transaction Cost Synergies

Cost Savings Initiatives and Blue Coat Integration on Track

TSA & Stranded Costs

Procurement

Headcount

Real Estate Utilization

Source: Company press release, earnings call.

Sales andMarketing

G&A andFacilities

Products IT

Financial Philosophy

25

• Committed to strong balance sheet

• Expected to have total liquidity of $5.2bn1 at close including $1.0bn under revolving credit facility

• Conservative financial policies with expectation of rapid deleveraging

• Majority of capital return extended / redeployed to fund LifeLock

• Maintain $0.30 annual dividend

• Strategy not dependent on future acquisitions, focus on integrating Blue Coat and LifeLock

• Disciplined approach when evaluating future acquisition opportunities

Balance Sheet

Rapid Deleveraging

Capital Allocation

M&A

1. Adjusted for the portion of the LifeLock equity purchase price, net of LifeLock cash and cash equivalents as of September 30, 2016, estimated to be financed with cash on hand and for estimated transaction fees and expenses. Not adjusted for the $500M ASR to be completed in Q4’FY17.

Capital Structure and Debt Maturity Profile

26

1,800

$45 $180 $180

$380

$180

$990$600 $750

$400

$500

$1,250

$1,000

FY17 FY18 FY19 FY20 FY21 FY22 FY23

US Term Loan A

Int'l Term Loan A

Bonds

Convertible Notes

Revolver

$mm

Q3’FY17 PF Q3’FY17(ex. ASR)

Cash and cash equivalents $5,575 $4,2191

Existing notes 1,750 1,750

Pre-payable loans 3,755 3,755

Acquisition financing - 1,000

Convertible notes 1,750 1,750

Total debt $7,255 $8,255

Net Debt $1,680 $4,036

Source: Symantec SEC filings, 8-K filed on February 1, 2017; please refer to the 10-Q when it is available. See appendix for reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measure.1. Adjusted for the portion of the LifeLock equity purchase price, net of LifeLock cash and cash equivalents as of September 30, 2016, estimated to be financed with cash on hand and for estimated transaction fees and expenses. Not adjusted

for the $500mm ASR to be completed in Q4’FY17.2. Symantec LTM Pro Forma Adj. EBITDA represents LTM Symantec pro forma for Blue Coat EBITDA (LTM pro forma financials calculated as twelve months ended December 30, 2016 as adjusted to give pro forma effect to Symantec’s

acquisition of Blue Coat as if it had occurred on April 4, 2015).3. Source: LifeLock SEC filings: represents preliminary estimated year-end December 31, 2016 adjusted EBITDA and is calculated based on mid-point of range provided in the 8-K filed on February 1, 2017.4. LifeLock acquisition estimated to generate annual run rate cost synergies of approximately $30mm by end of FY18, accelerating to over $80mm by end of FY20.

Current Debt Maturity Profile

Summary

27

Global cybersecurity leader protecting enterprises, governments and consumers

Technology leader across multiple segments, with unmatched breadth of cybersecurity capabilities

Attractive growth outlook driven by differentiated capabilities and strong secular trends

Strong financial profile and disciplined capital structure

Experienced management team with deep cybersecurity background and vision

Appendix

28

Symantec Net Revenue Reconciliation$mm

29

Year ended Six months ended

($mm) 01-Apr-16 03-Apr-15 28-Mar-14 30-Sep-16 02-Oct-15

Net revenues $3,600 $3,956 $4,183 $1,863 $1,818

Adjustments:

Deferred revenue fair value adjustment – – – 36 –

GSA investigation – – 25 – –

EDS & NDI contingency – 30 – – –

Non-GAAP net revenues $3,600 $3,986 $4,208 $1,899 $1,818

Symantec Adj. EBITDA Reconciliation$mm

30

Year ended Six months ended

($mm) 01-Apr-16 03-Apr-15 28-Mar-14 30-Sep-16 02-Oct-15

Income (loss) from continuing operations (821) 109 91 (3) 78

Net interest expense 65 67 73 70 34

Income tax expense (benefit) 1,213 (8) 16 50 69

Depreciation and amortization 299 351 367 190 151

EBITDA 756 519 547 307 332

Adjustments:

Stock-based compensation expense 161 131 105 134 80

Other corporate expenses(1) 322 868 897 185 252

Impact of purchase accounting(2) – – – 47 –

Significant litigation charges(3) – 30 25 – –

Adjusted EBITDA 1,239 1,548 1,574 673 664

1. Represent restructuring, separation and transition costs, unallocated corporate charges, acquisition and integration costs, financial sponsor and debt financing fees and debt extinguishment and refinancing costs.2. Represents the non-cash effects of acquisition fair value adjustments, including for deferred revenue and inventory.3. Represents costs related to certain extraordinary litigation. See Note 7 to our consolidated financial statements included in our Annual Report on Form 10-K..

Symantec Pro Forma non-GAAP Revenue Reconciliation$mm

31

Twelve months ended Nine months ended Twelve months ended

($mm) 1-Apr-16 30-Dec-16 01-Jan-16 30-Dec-16

Consumer Security net revenues 1,670 1,205 1,264 1,611

Enterprise Security net revenues 2,528 1,922 1,888 2,562

Adjustments:

Deferred revenue fair value adjustment(1) 157 104 135 126

Non-GAAP Enterprise Security revenue 2,685 2,025 2,023 2,688

1. Reflects deferred revenue fair value adjustments related to the Blue Coat Acquisition by us on August 1, 2016 and the acquisition of Blue Coat by affiliates of Bain Capital Investors, LLC on May 22, 2015.

Symantec Pro Forma Adj. EBITDA Reconciliation$mm

32

Twelve months ended Nine months ended Twelve months ended

($mm) 1-Apr-16 30-Dec-16 01-Jan-16 30-Dec-16

Loss from continuing operations 1,270 160 162 1,268

Net interest expense 177 153 132 198

Income tax expense (benefit) 1,051 (12) (38) 1,077

Depreciation and amortization 617 437 464 590

EBITDA 575 418 396 598

Adjustments:

Stock-based compensation expense 309 264 226 347

Other corporate expenses(1) 398 301 365 334

Impact of purchase accounting(2) 185 128 164 149

Significant litigation charges(3) – 40 – 40

Adjusted EBITDA 1,467 1,152 1,150 1,468

1. Represents restructuring, separation and transition costs, unallocated corporate charges, acquisition and integration costs, financial sponsor and debt financing fees, debt extinguishment and refinancing costs.2. Represents the non-cash effects of acquisition fair value adjustments, including for deferred revenue and inventory.3. Represents costs related to certain extraordinary litigation. See Note 7 to our consolidated financial statements included in our Annual Report on Form 10-K.

CY15 CY16

Revenue $587 $667 - $668

Net income (loss) (51) 14 - 15

Depreciation and amortization 19 22

Stock-based compensation 27 34

Income tax (benefit) expense (33) 8

Legal reserves and settlement 99 6

Expenses related to the FTC litigation 10 4

Acquisition related expenses 3 5

Adjusted EBITDA $72 $92 - $93

Net cash provided by (used in) operating activities $(4) $77 - $78

Acquisition of property and equipment (14) (14)

Legal settlement 100 21

Expenses paid for the FTC litigation 7 6

Adjusted FCF $89.5 $90 - $91

LifeLock non-GAAP Reconciliation$mm

33