Presentation Slides, dated August 19, 2010

Increasing Threats

The number of malware in the McAfee Database is at an all time high,

and 10 million more were added in the first half of 2010

Total Count of Unique Malware in McAfee Labs Database

Source: McAfee Q2 2010 Threats report

Security At Intel

Intel has been thinking about security for some time …

•

Defense filters that systematically guard against viruses and

malicious attacks

•

Anti-theft technology

•

And more

Through products such as

…

•

Intel®

Active Management

Technology

•

Intel®

vPro™

family of

platforms

•

Intel®

Anti-Theft Technology

Successful Partnership

Positive partnership for 18 months

McAfee and the company strategy

Possibilities of a closer relationship between

hardware and software

McAfee’s incredible employees

Wholly owned subsidiary

Focus on its current, very

profitable business

Maintain all its current product lines

and support for multiple architectures

and platforms

•

Based on this positive collaboration, McAfee is the best security

software partner for Intel

•

Hardware-enhanced software will significantly enhance protection

for

consumers,

governments

and

businesses

–

and

also lead to

breakthrough security innovations

•

First fruits of our strategic partnership will be released in 2011

Transaction Summary

Purchase Price:

$7.68B , all cash transaction ; $6.8 billion net of cash

Earnings:

•

GAAP

–

slightly

dilutive

year

one,

approximately

flat

year

two,

and

improving

beyond that

GAAP

purchase

accounting

requires

take

one-time

write

down

deferred

revenue when the transaction closes and to amortize acquired intangibles.

Non-GAAP

excluding

adjustments-

slightly

accretive

year

one

and

improving

beyond that

Synergies:

Significant long term financial and strategic synergies

Price:

~60% premium to closing price yesterday and four weeks ago, within range of

comparable deals

Multiple of estimated earnings also in line with recent technology deals

Closing:

As early as the end of this year, subject to regulatory clearances, McAfee stockholder

approval, and customary closing conditions specified in the agreement

Forward Looking Statements

This presentation includes forward-looking statements about the proposed transaction

between Intel and McAfee, including without limitation statements about the growth of

internet traffic, the growth of the security business, the benefits of the proposed transaction

and plans to release a product resulting from the strategic partnership in 2011. Many factors

could cause actual results to differ materially from those expressed in these forward-looking

statements. Intel presently considers the following to be the important factors that could

cause actual results to differ materially from the forward looking statements. Risks and

uncertainties arising from the possibility that the closing of the proposed transaction may be

delayed or may not occur. Difficulties with the integration process or the realization of the

benefits of the proposed transaction. Litigation or regulatory matters involving antitrust and

other issues that could affect the timing of closing of the proposed transaction. Intel’s ability

to respond quickly to technological developments and to incorporate new features into its

products as a result of the proposed transaction. The intensely competitive industries in

which Intel and McAfee operate. General economic conditions in the regions and industries

in which Intel and McAfee operate. In addition, please refer to the documents that Intel files

with the SEC on Forms 10-K, 10-Q and 8-K. The filings by Intel identify and address other

important factors that could cause events and results to differ materially from those contained

in the forward-looking statements set forth in this presentation. Intel is under no duty to

update any of the forward-looking statements after the date of this presentation to conform to

actual results.

Additional Information

Additional Information and Where to find it

McAfee intends to file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy

statement and a definitive proxy statement and other relevant materials in connection with the merger. The

definitive proxy statement will be sent or given to the stockholders of McAfee. Before making any voting or

investment decision with respect to the merger, investors and stockholders of McAfee are urged to read

the proxy statement and the other relevant materials when they become available because they will

contain important information about the merger. The proxy statement and other relevant materials (when

they become available), and any other documents filed by McAfee with the SEC, may be obtained free of

charge at the SEC’s

website, at www.sec.gov, at McAfee’s website at www. mcafee

.com (click on

“Investor Information”, then on “SEC Filings”) or from McAfee by contacting Investor Relations by mail at

McAfee , Inc., 3965 Freedom Circle, Santa Clara, California 95054, Attention: Investor Relations, by

telephone at 408 346-5223.

Participants in the Solicitation

McAfee and Intel and their respective directors and executive officers may be deemed to be participants

in the solicitation of proxies from McAfee stockholders in connection with the merger. Information about

Intel’s directors and executive officers is set forth in Intel’s 2010 proxy statement on Schedule 14A filed

with the SEC on April 2, 2010 and its Annual Report on Form 10-K for the year ended December 26, 2009,

filed on February 22, 2010, respectively. Information about McAfee’s directors and executive officers is set

forth

its

2010

proxy

statement

Schedule

14A

filed

with

the

SEC

April

30,

2010

(as

revised

May

10, 2010). Additional information regarding the interests of participants in the solicitation of proxies in

connection with the merger will be included in the proxy statement that McAfee intends to file with the SEC.