SafeNet and SSH Partner to Offer Complete Solutions for VPN Products

Partnership Ensures Quick Time To Market And Full VPN Interoperability

BALTIMORE, MD and HELSINKI, FINLAND, PALO ALTO, Calif. and TOKYO – March 26, 2003 – SafeNet (Nasdaq: SFNT), a leading provider of private and public network security solutions who has set the industry standard for VPN technology and secure business communications, and SSH Communications Security (SSH) (HEX: SSH1V), a world-leading developer of Internet security solutions, today announced a partnership to offer an integrated VPN solution for OEMs. SafeNet will combine its leading edge SafeXcelâ„? chips with the SSH QuickSec?” Toolkit for Access Networks to offer an unparalleled solution for the VPN market.

“SSH is a leading provider of standards-based network security toolkit solutions-combining the SSH QuickSec Toolkit for Access Networks with our SafeXcel series of chips creates the industry’s best, fully integrated, solution for VPN appliances,” said Anthony Caputo, Chairman, and CEO of SafeNet. “The partnership allows OEMs to bring scalable products with powerful encryption to market very quickly, reducing cost, and accelerating growth within their product lines.”

SSH’s IPSec software toolkits are widely used technologies for embedding IPSec functionality in the market today. They are targeted for developers designing security-enabled applications from low-end appliances to high-performance, multi-function devices. SafeNet’s SafeXcel chips, based on the de facto standard SecureIP Technologyâ„?, offer encryption acceleration for all types of security applications, focusing on VPN appliances, firewalls, as well as wireless LAN appliances. The combination of these two industry-leading technologies creates a powerful combination of unsurpassed hardware and software solutions for the OEMs developing VPN products, accelerating their ability to bring products to market. Both SafeNet and SSH will be able to offer the combined products to their customers globally, thus improving the market-reach of each other’s products.

“SafeNet is a leading provider of VPN technology, and we are excited to join them in offering the industry a complete solution for developing security products,” said Arto Vainio, CEO of SSH Communications Security Corp. “SafeNet’s SafeXcel chips offer the best price-to-performance advantage in the market-this factor coupled with our well-established SSH QuickSec toolkit will provide customers with the strongest security available in an easy to use, cost effective embedded solution for IPSec-based security products.”

About SafeNet, Inc.
SafeNet, Inc. (Nasdaq: SFNT), a leading provider of private and public network security solutions, has set the industry standard for virtual private network (VPN) technology and secure business communications and offers the only encryption platform to meet your security needs. With more than 19 years experience in developing, deploying, and managing network security systems for the most security-conscious government, financial institutions and large enterprise organizations around the world, SafeNet’s proven technology has emerged as the de facto industry standard for VPNs. SafeNet is the single-source vendor for WAN and VPN security solutions teamed with an easy and low-cost migration path to a broad range of VPN products. SafeNet security solutions, based on SecureIP Technologyâ„?, and part of the CGX Security Platform, have become the products of choice for leading Internet infrastructure manufacturers, service providers, and security vendors. With SafeNet securing the infrastructure of today’s e-business communications as well as leading the way in government Homeland and classified data security, the company has opened new markets for interoperable, secure, and deployable VPN communications. Commercial customers include Texas Instruments, Microsoft, Samsung, Centillium Communications, ARM, and Cisco Systems. Government, financial, and large enterprise customers include Federal Bureau of Investigation, U.S. Postal Service, U.S. Department of Defense, U.S. Internal Revenue Service, Social Security Administration, MBNA, American Express, Bank of America, Eastman Kodak, Hewlett-Packard, and Motorola. For more information, visit http://www.safenet-inc.com/

About SSH
SSH Communications Security, a world-leading supplier of Internet security solutions, offers a broad range of award-winning products designed to address the most critical security issues for businesses, financial institutions and governments worldwide. SSH’s award-winning remote access software, SSH Secure Shell, the de facto standard for secure remote access and data transfer, and SSH Sentinelâ„?, a feature-rich remote access VPN “smart” client are ideal solutions for securing wireline and wireless networks. The SSH Certifierâ„? product family provides a robust certification authority for flexible and strong authentication through digital certificates and tokens. The market-leading, award-winning SSH IPSec family of toolkits for OEMs and software developers enables fast time-to-market and reduced in-house development costs. SSH is traded publicly on the Helsinki Exchanges under HEX:SSH1V. For more information, please visit http://www.ssh.com/.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include contract termination risks, risks associated with acquiring other companies, including integration risks, and other risks described in SafeNet’s Securities and Exchange Commission filings.