SSH Communications Security Corp Stock Exchange Release January 8, 2003 10.30am

A total of 12.500 SSH shares were subscribed for using class F option certificates according to the 1999 option program. The subscription period for shares with class F option certificates started November 1, 2002. The issue of the I/1999 Stock Option Program was approved by the General Meeting of August 5, 1999.

The corresponding increase in the share capital, in total EUR 375 was registered in the Finnish Trade Register on January 8, 2003. As a result of the increase, the share capital of the company is EUR 831.793,05 and the total number of shares is 27.726.435.

The holders of the new shares are entitled to all shareholders’ rights from the registration date January 8, 2003. The new shares will be listed on the main list of Helsinki Exchanges together with the other shares as of January 9, 2003.

SSH COMMUNICATIONS SECURITY CORP

Arto Vainio
Chief Executive Officer

Further information:
Johanna Lamminen, CFO tel. +358 20 500 7419

Distribution:
Helsinki Exchanges
Major Media