News

The Annual General Meeting of SSH on April 27, 2004 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, 2003 -
December 31, 2003. The General Meeting decided in accordance with
the proposal of the Board of Directors that no dividend shall be
distributed and that the profit shown in the balance sheet shall
be entered into the shareholders’ equity into the profit and loss
account of the company.

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

The General Meeting decided in accordance with the proposal of
the Board of Directors to amend the Articles of Association by
removing the stipulation of section 15 on the obligation to
redeem shares.

The General Meeting decided in accordance with the proposal of
the Board of Directors to authorize the Board of Directors before
April 27, 2005 to decide on an increase of the share capital
through an issue of new shares, and/or stock options or an option
loan or a convertible bond, so that the share capital can
increase due to the authorization by EUR 165,000 at maximum.

The General Meeting approved the merger plan signed on March 3,
2004, and the increase of the share capital by EUR 508.274,61
required by the assignment of the consideration of merger, as
well as the merger of Applied Computing Research (ACR) Oy to SSH
Communications Security Corp.

The General Meeting decided in accordance with the proposal of
the Board of Directors on the conditional nullification of own
shares (a total of 16,942,487 shares) being transferred from
Applied Computing Research (ACR) Oy to SSH as a consequence of
the merger, as well as on the decrease of the tied equity.

The General Meeting decided in accordance with the proposal of
the Board of Directors to decrease the premium fund and to
transfer a total of EUR 15,000,000 to the fund belonging to free
equity. To carry out the transfer a permission granted by the
registration authority will be needed.


SSH COMMUNICATIONS SECURITY CORP

Arto Vainio
CEO

© 2004 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.