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CHECK POINT FIREWALL-1 IS KEY SOLUTION IN HP'S PRAESIDIUM ENTERPRISE SECURITY FRAMEWORK

Check Point Software Technologies and Hewlett-Packard Company Announce Worldwide Agreement

REDWOOD CITY, CALIF., – June 23, 1997-- Check Point Software Technologies Ltd. (NASDAQ: CHKPF), a leader in enterprise security software, and Hewlett-Packard Company today announced that Check Point has been selected as a key technology supplier in HP's Praesidium Enterprise Security Framework for Internet and Intranet Computing. Under the terms of the agreement, HP will place the Check PointTM FireWall-1TM enterprise security suite on its price list, enabling HP customers and authorized resellers to purchase FireWall-1 directly through HP.

HP will sell both FireWall-1 for HP-UX and Microsoft Windows NT , with both products available to customers after August 1st. HP's Professional Services Organization and Software and Services Group will also provide worldwide consulting, service and support, for the Check Point FireWall product line.

"We are pleased that HP has made such a strong commitment to FireWall-1 by naming Check Point as an HP Praesidium partner," said Deborah Triant, president and CEO of Check Point Software Technologies, Inc. "By enabling their customers to purchase FireWall-1 directly from HP and their authorized distribution partners, HP brings a leading network security solution to their customer base worldwide."

The family of enterprise security products, solutions, and services offered under HP's Praesidium Enterprise Security Framework aims to offer HP customers worldwide the most comprehensive, effective security framework available. It combines HP and best-in-class third-party products and services to build complete end-to-end security solutions. The HP Praesidium Security Solutions, each of which combines specific Praesidium products, such as Check Point FireWall-1, are the building blocks for a robust, customized security solution.

"With the addition of Check Point Software into HP's Praesidium Enterprise Security Framework, our customers now have a one-stop shop for the consulting, purchase, service and support of FireWall-1 on HP-UX and Windows NT systems," said Feisal Mosleh, Internet Security Marketing Manager at HP. "This agreement extends our commitment to Check Point FireWall-1, which has been a strategic element of the HP Broadband Internet Delivery System (BIDS) program for the past year. There are already more than 100 HP consultants trained worldwide to provide consulting on network security solutions."

About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. is the global network security software market share leader and inventor of the patented Stateful Inspection technology. The company's suite of network security products enables Secure Enterprise Connectivity for global organizations worldwide. According to a December 1996 report by the Yankee Group, the company's flagship product, Check PointTM FireWall-1TM , commanded 44% of the worldwide firewall market in the first half of 1996. Check Point products are sold worldwide through OEM partners, distributors, VARs, systems and network integrators and Internet Service Providers. The company has U.S. headquarters in Redwood City, California and international headquarters in Ramat-Gan, Israel. For product information, please visit us at http://www.checkpoint.com , e-mail info@checkpoint.com, or call (800) 429-4391 or (972) 3-6131-833.

About HP Praesidium

In its commitment to provide customers with stronger, more manageable security solutions, HP offers the Praesidium Enterprise Security Framework. Praesidium offers a comprehensive security strategy to help customers protect internal information assist and enable security-enhanced electronic commerce. Products within Praesidium include Praesidium/Firewalls, Praesidium/Single Sign-On, Praesidium/Authorization Server, Praesidium/VirtualVault, Praesidium/ImageCard, Praesidium/Security Service, and the Praesidium/Cryptographic Module. Future security products include technology from the International Cryptography Framework. Additional information about HP Praesidium can be found on the World Wide Web at http://www.hp.com/go/security.

About Hewlett-Packard Company

HP is the official information-technology hardware and maintenance supplier to the 1998 World Cup soccer tournament and the 1997 Tournament of France. Selected for its technology and skills to support and manage mission-critical applications, HP will help create an information-management infrastructure for handling game-scoring; media centers; personnel accreditation; hotel information; and various ticketing, stadium, warehouse and back-office operations.

Hewlett-Packard Company is a leading global provider of computing, Internet and Intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. HP has 112,800 employees and had revenue of $38.4 billion in its 1996 fiscal year.

Information about HP and its products can be found on the World Wide Web at http://www.hp.com.

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1997 Check Point Software Technologies Ltd. Check Point, the Check Point logo, Check Point FireWall-1, FireWall-1, FireWall-1 SecuRemote, FireWall-First!, OPSEC and INSPECT are trademarks of Check Point Software Technologies Ltd. HP-UX 9.X and 10.0 for HP 9000 Series 700 and 800 computers are X/Open(R) Company UNIX(R) 93 branded products. HP-UX 10.20 is an X/Open UNIX 95 branded product. X/Open is a registered trademark, and the X device is a trademark of X/Open Company Ltd. in the UK and other countries. UNIX is a registered trademark in the United States and other countries, licensed exclusively through X/Open Company Limited. All other product names mentioned herein are trademarks of their respective owners.