News

The negotiations between SSH Communication Security Corp and its
employees concerning concentrating SSH's operations from Kuopio to
Helsinki have been concluded today. As a result of the negotiation,
SSH's personnel will be reduced by 7 to 11 people. The company will
offer to the maximum of four people the possibility to transfer to the
headquarters in Helsinki. The lay-offs will be carried out on March
10, 2003. As a result of the re-arrangement of operations, the
company’s Kuopio office will be closed and the product development of
SSH Sentinel(TM) product will be continued in Helsinki.

The employer/employee negotiations were carried out on the basis of
employer's negotiation proposal made on February 4, 2003. The
negotiations applied to the whole Kuopio office that employed 12
people. The negotiations were part of the optimization of SSH's
operations along the lines started last spring by centralizing SSH's
R&D and product management functions.

With these measures the company believes that it can achieve cost-
savings worth from EUR 0.2 million to EUR 0.3 million per quarter. The
impact of these measures will materialize in full as of the beginning
of the third quarter.


Helsinki, February 28, 2003

SSH COMMUNICATIONS SECURITY CORP




Arto Vainio
CEO

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