News

The Board of Directors 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 on the basis of the Option Programs of the
Company are unused as follows:

A total of 163,000 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 August 5, 1999, are unused. The share capital can
be raised by maximum EUR 4,890.00 as a result of such
subscriptions.

The Option Program (I/2000/lot 1) as adopted by the Board of
Directors on July 10, 2000 on the basis of an authorisation of the
General Meeting of the Shareholders, the Option Program
(I/2000/lot 2) as adopted by the Board of Directors on September
13, 2000 on the basis of an authorisation of the General Meeting
of the Shareholders and the Option Program (I/2000/lot 3) as
adopted by the Board of Directors on March 22, 2001 on the basis
of an authorisation of the General Meeting of the Shareholders
have, in connection with an entry into the Book-Entry System, been
amalgamated to one Option Program (I/2000). A total of 169,025
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
5,070.75 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 Directors on July 10,
2000 on the basis of an authorisation of the General Meeting of
the Shareholders, are unused. The share capital 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 Directors on March
22, 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.

The share subscription periods with the option rights of the
Option Program (I/2001) as adopted by the General Meeting of the
Shareholders on April 19, 2001, have ended, and this Option
Program does not exist anymore.

A total of 679,052 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 April 11, 2002, are unused. The share capital can
be raised by maximum EUR 20,371.56 as a result of such
subscriptions.

A total of 17,625 option rights which entitle to subscribe for new
shares with the subscription price of EUR 2.00 under the Option
Program (II/2002) as adopted by the General Meeting of the
Shareholders on April 11, 2002, are unused. The share capital can
be raised by maximum EUR 528.75 as a result of such subscriptions.

A total of 42,999 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 Directors on June
26,2002, are unused. The share capital can be raised by maximum
EUR 1,289.97 as a result of such subscriptions.

A total of 594,018 option rights which entitle to subscribe for
new shares with the subscription price of EUR 0.87 under the
Option Program (I/2003) as adopted by the General Meeting of the
Shareholders on April 29, 2003, are unused. The share capital can
be raised by maximum EUR 17,820.54 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 0.87 under the Option
Program (II/2003) as adopted by the General Meeting of the
Shareholders on April 29, 2004, are unused. The share capital can
be raised by maximum EUR 960.00 as a result of such subscriptions.

Helsinki, December 28, 2004

SSH COMMUNICATIONS SECURITY CORP

Johanna Lamminen
CFO

© 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.