News

The Annual General Meeting of SSH on April 11, 2002 has 
unanimously confirmed the financial statements and decided on 
release from liability to the Board of Directors and the 
President and CEO for the financial year January 1, 2001 - 
December 31, 2001. The General Meeting decided in accordance 
with the proposal of the Board of Directors that no dividend 
shall be distributed.

In the General Meeting, Mr. Bo Harald, Mr. Tapio Kallioja, Mr. 
Tomi Laamanen and Mr. Tatu Ylönen were elected as members to the 
Board of Directors of SSH Communications Security Corp.

As an auditor was elected an auditor firm chartered by the 
Central Chamber of Commerce PricewaterhouseCoopers Oy, main 
auditor Mr. Henrik Sormunen.

The General Meeting decided in accordance with the proposal of 
the Board of Directors to authorize the Board of Directors to 
decide before April 11, 2003 on raising the share capital 
through issuance of new shares, and/or stock options, and/or an 
option loan or a convertible bond, so that the share capital can 
increase due to the authorization by EUR 120,000 at maximum.

The General Meeting approved the proposal of the Board of 
Directors for a new stock option program I/2002 of SSH, whereby 
the management and personnel of the group may be offered a 
maximum aggregate number of two million stock options. Each 
stock option entitles to subscribe for one share of SSH with a 
par value of three cents. The term of share subscription shall 
commence gradually subject to the stock option certificates on 
May 1, 2003; May 1, 2004; May 1, 2005; and May 1, 2006 and they 
shall terminate on May 1, 2008. The subscription price for 
a share is three Euros and fifty cents (EUR 3.50) which is based 
on the  closing price of Company’s shares on the Helsinki 
Exchanges on March 19, 2002 (EUR 2.67) plus thirty (30) percent 
and rounded up to the nearest ten cent.

The General Meeting approved the proposal of the Board of 
Directors for a new stock option program II/2002 of SSH, whereby 
the persons belonging to personnel of SSH Communications 
Security, Inc. may be offered a maximum aggregate number of 
94,000 stock options. Each stock option entitles to subscribe 
for one share of SSH with a par value of three cents. The term 
of share subscription shall commence gradually subject to the 
stock option certificates on June 6, 2002; May 6, 2003; May 6, 
2004 and May 6, 2005, and they shall terminate on April 11, 
2012. The subscription price of the share is the closing price 
of Company’s shares on the Helsinki Exchanges on May 6, 2002.

The Board of Directors justified the approval of the stock 
option programs in the proposed scale based on that the 
personnel resources are the primary resources of the company. 
Commitment and motivation of the personnel are to be considered 
vital especially in the operations model based on the new 
strategy.


SSH COMMUNICATIONS SECURITY CORP
	
Tatu Ylönen
President and CEO
	
Distribution:
Helsinki Exchanges
The Main Media

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