News

The Annual General Meeting of SSH on March 21, 2006 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, 2005 -
December 31, 2005.

The General Meeting decided in accordance with the proposal of
the Board of Directors that no dividend shall be distributed and
that the loss shown in the balance sheet 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.
Immediately after the General Meeting the organisation meeting of
the Board of the Directors was held and Mr Tomi Laamanen was re-
elected Chairman of the Board.

The Authorized Public Accounting Firm, PricewaterhouseCoopers Oy
was re-elected as auditor of the company, with Mr Henrik Sormunen
as the main responsible accountant.

The General Meeting decided to amend the Sections 9 and 12 of the
Articles of Association in relation to the election of the
auditor so that the auditor shall be elected yearly in the annual
general meeting.

The General Meeting decided in accordance with the proposal of
the Board of Directors to authorize the Board of Directors before
March 21, 2007 to decide  on an increase of the share capital
through an issue of new shares, and/or a convertible bond, and/or
option rights, so that the share capital can increase due to the
authorization by EUR 165,000 at maximum.

The General Meeting approved the proposal of the Board of
Directors for a reduction of the share premium fund of the
company by 13,000,000 euros in total, from which amount a minimum
of 7,067,203.25 euros and a maximum of 7,453,585.25 euros shall
be distributed to the shareholders by returning an amount of 0.25
euros per each share of the company as a refund to the
shareholders in relation to the ownership of shares. To the
extent that the funds are not returned to the shareholders, the
amount of the reduction of the share premium fund shall be
transferred to the company’s free equity. The reduction of the
share premium fund and the distribution to the shareholders
require the permission of the registration authority according to
the Finnish Companies Act 6:5.

The General Meeting decided in accordance with the proposal of
the Board of Directors to alter and adjust downwards the
subscription prices of the shares to be subscribed for by virtue
of option rights, issued at various times, by the reduction
amount of the share premium fund to be distributed to the
shareholders, i.e. by 0.25 euros per share, on the record date of
the distribution of the assets, on condition that the decision of
the decrease of the share premium fund shall enter into force.
The subscription price of the shares shall, however, always be at
least the par value of the shares.


SSH COMMUNICATIONS SECURITY CORP

Arto Vainio
CEO

© 2006 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.