WGRD Watchguard Technologies

Notice is hereby given that on Tuesday, April 24, 2007, an amended class action complaint was filed in the United States District Court for the Western District of Washington, on behalf of: a) shareholders of WatchGuard Technologies, Inc. (NASDAQ:WGRD) that cashed out or tendered their WatchGuard shares pursuant to the October 4, 2006 �going private� transaction, and b) shareholders that purchased WatchGuard common stock from March 14, 2006 through March 22, 2006. The amended complaint alleges that certain private equity fund defendants acquired WatchGuard by assembling ownership positions on insider information in violation of the federal securities laws. The case is Pennsylvania Avenue Funds v. Borey, et al. 2:06-cv-01737-JLR. If you wish to discuss this action or have any questions concerning this notice, your rights or interests with respect to these matters, please contact Finkelstein & Krinsk, LLP, William Restis, Esq. (toll free) at 877-493-5366, or via email at wrr@classactionlaw.com. Plaintiff seeks to recover damages on behalf of the punitive members of the class[es]. Plaintiff is represented by the San Diego, CA law firm of Finkelstein & Krinsk LLP, which is highly experienced, and has successfully prosecuted securities and consumer class actions in state and federal courts throughout the United States. Finkelstein & Krinsk, LLP has achieved numerous corporate reforms and has recovered hundreds of millions of dollars for institutional and individual investors. If you are a member of the class[es] described above, you may, no later than June 25, 2007, move the Court to serve as lead plaintiff of the class[es], if you so choose. A lead plaintiff is a representative that acts on behalf of other class members in directing the litigation and is consulted regarding decisions on behalf of the class. In order to be appointed lead plaintiff, the Court must determine that the class member�s claims are typical of other class members� claims, and that the class member will adequately represent the best interests of the class. Under certain circumstances, one or more class members may serve together as �lead plaintiff.� However, your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff, as all shareholders recover equally. You may retain Finkelstein & Krinsk, LLP, at no cost to you, to serve as your counsel in this action. Finkelstein & Krinsk, LLP is compensated solely from the recovery achieved, if any, in an amount that must be approved by the Court.