Using Privacy or Subset for DB2 LUW requires the installation of a driver.
DATPROF is not allowed to provide these drivers along with the Privacy/Subset software
What we need is the 32 bits IBM DB2 data server driver package
Step-by-step guide
After installation the main file is: this DLL: IBM.Data.DB2.dll
You can find it at <DB2_Data_Server Installationfolder>SQLLIB\BIN\netf40
If it is not working yet, make sure that the path "C:\Program Files (x86)\IBM\IBM DATA SERVER DRIVER\bin" is added to you PATH variable.
In fact you can copy the netf40 folder to the Privacy/Subset_Installation folder (...privacy\netf40) and uninstall the IBM product itself. 🙂