News

The Board of SSH Security Corp (hereinafter referred as "the
Company") has resolved about nullification of the option rights
returned to the Company. The nullification of these option rights
has today been entered into the Trade Register.

Option rights issued by the Option Programs of the Company are
unused as follows:

A total of 526,750 option rights which entitle to subscribe for
new shares with the subscription price of EUR 0.20 under the
Option Program (I/1999) as adopted by the General Meeting of the
Shareholders on 5th of August 1999, are unused. The share capital
can be raised by maximum EUR 15,802.50 as a result of such
subscriptions.

The Option Program (I/2000/lot 1) as adopted by the Board of the
Company on 10th of July 2002 on the basis of an authorisation of
the General Meeting of the Shareholders, the Option Program
(I/2002/lot 2) as adopted by the Board of the Company on 13th of
September 2002 on the basis of an authorisation of the General
Meeting of the Shareholders and the Option Program (I/2002/lot 3)
as adopted by the Board of the Company on 22nd of March 2001 on
the basis of the General Meeting of the Shareholders have, in
connection with an entry in the Book-Entry System, been
amalgamated to one Option Program (I/2000). A total of 209,837
option rights which entitle to subscribe for new shares with the
subscription price of EUR 6.50 under the Option Program I/2000,
are unused. The share capital can be raised by maximum EUR
6,295.11 as a result of such subscriptions.

A total of 32,000 option rights which entitle to subscribe for new
shares with the subscription price of EUR 6.50 under the separate
Option Program as adopted by the Board of the Company on 10th of
July 2002 on the basis of an authorisation of the General Meeting
of the Shareholders, are unused. The share capital of the Company
can be raised by maximum EUR 960.00 as a result of such
subscriptions.

A total of 9,250 option rights which entitle to subscribe for new
shares with the subscription price of EUR 15.00 under the Option
Program (II/2000) as adopted by the Board of the Company on 22nd
of March 2001 on the basis of an authorisation of the General
Meeting of the Shareholders, are unused. The share capital can be
raised by maximum EUR 277.50 as a result of such subscriptions.

A total of 181,625 option rights which entitle to subscribe for
new shares with the subscription price of EUR 7.63 under the
Option Program (I/2001) as adopted by the Annual Shareholders’
Meeting on 19th of April 2001, are unused. The share capital can
be raised by maximum EUR 5,448.75 as a result of such
subscriptions.


A total of 2,000,000 option rights which entitle to subscribe for
new shares with the subscription price of EUR 3.50 under the
Option Program (I/2002) as adopted by the General Meeting of the
Shareholders on 11th of April 2002, are unused. The share capital
can be raised by maximum EUR 30,000.00 as a result of such
subscriptions.

A total of 47,125 option rights which entitle to subscribe for new
shares with the subscription price of EUR 2.00 under the Option
Program (II/2002) as resolved by the General Meeting of the
Shareholders 11th of April 2002, are unused. The share capital can
be raised by maximum EUR 1,413.75 as a result of such
subscriptions.

A total of 109.498 option rights which entitle to subscribe for
new shares with the subscription price of EUR 1.90 under the
Option Program (III/2002) as resolved by the Board of the Company
on 26th of June 2002, are unused. The share capital can be raised
by maximum EUR 3,284.94 as a result of such subscriptions.


SSH COMMUNICATIONS SECURITY CORP

Arto Vainio
CEO

© 2002 SSH Communications Security Corp. All rights reserved. ssh® is a registered trademark of SSH Communications Security Corp in the United States and in certain other jurisdictions. All other names and marks are property of their respective owners.