SSH Communications Security Oyj - Decisions of general meeting

THE ANNUAL GENERAL MEETING OF SSH COMMUNICATIONS SECURITY CORPORATION ON MARCH 20TH, 2013

Helsinki, Finland, 2013-03-20 13:00 CET (GLOBE NEWSWIRE) -- SSH COMMUNICATIONS
SECURITY CORPORATION   COMPANY ANNOUNCEMENT   MARCH 20, 2013 AT 14:00 P.M. 

THE ANNUAL GENERAL MEETING OF SSH COMMUNICATIONS SECURITY CORPORATION ON MARCH
20TH, 2013 

The Annual General Meeting of SSH Communications Security Corporation has
unanimously adopted the financial statement and consolidated financial
statement and granted discharge from liability to the Board members and CEO who
have been active during the accounting period between January 1st 2012 and
December 31st 2012. 

Annual General Meeting approved, that the profit shown by the parent company's
financial statement is registered into the profit and loss account and no
dividend is paid. 

At the Annual General Meeting, Sami Ahvenniemi, Päivi Hautamäki and Tatu Ylönen
were re-elected as directors of the company's Board of Directors. At the
organizing meeting of the Board of Directors, which was held immediately after
the Annual General Meeting, Sami Ahvenniemi was elected as the Chairman of the
Board of Directors. 

The Authorized Public Accountants KPMG Oy Ab was re-elected as the auditor of
the company. KPMG Oy Ab has informed that Kirsi Jantunen will continue as the
accountant with the main responsibility. 

The Annual General Meeting approved the Board of Directors' proposal to
authorize the Board of Directors to decide upon the issuing of a maximum of
6,000,000 shares as a share issue against payment or by giving stock options or
other special rights entitling to shares, in accordance with Chapter 10 Section
1 of the Finnish Companies Act, either according to the shareholders'
pre-emptive right to share subscription or deviating from this right, in one or
more tranches. Based on the authorization, it can be either issuing of new
shares or transfer of own shares which the company possibly has in its
possession. Based on the authorization, the Board of Directors shall have the
same rights as the Annual General Meeting to decide upon the issuing of shares
against payment and special rights (including stock options) in accordance with
Chapter 10 Section 1 of the Finnish Companies Act. Thereby, the authorization
to be given to the Board of Directors includes, inter alia, the right to
deviate from the shareholders' pre-emptive rights with directed issues
providing that the company has a weighty financial reason for the deviation in
respect of the share issue against payment. 

Furthermore, the authorization includes the Board of Directors' right to decide
upon who are entitled to the shares and/or stock options or special rights in
accordance with Chapter 10 Section 1 of the Finnish Companies Act as well as
upon the related compensation, subscription and payment periods and upon the
registering of the subscription price into the share capital or invested
non-restricted equity fund within the limits of the Finnish Companies Act. 

The authorization will be valid until the next Annual General Meeting, but will
however expire at the latest on June 30th 2014. 

The Annual General Meeting approved the Board of Directors' proposal to
authorize the Board of Directors to decide upon the acquiring of a maximum of
2,000,000 own shares of the company with assets belonging to the company's
non-restricted equity. This amount corresponds approximately to 6,50 percent of
all the shares of the company. The shares can also be acquired otherwise than
in proportion to the holdings of the existing shareholders (targeted
repurchase). The maximum compensation to be paid for the acquired shares shall
be the market price at the time of purchase, which is determined in the public
trading. 

The Board of Directors proposes that the authorization for the acquiring of the
company's own shares would be used, inter alia, in order to strengthen the
company's capital structure, to finance and realize corporate acquisitions and
other arrangements, to realize the share-based incentive programs of the
company or otherwise to be kept by the company, to be transferred for other
purposes or to be cancelled. The acquisition of shares reduces the company's
distributable non-restricted equity. 

Decision concerning the acquiring of own shares cannot be made so that the
combined amount of the own shares which are in the possession of, or held as
pledges by, the company or its subsidiaries exceeds one-tenth of all shares.
The Board of Directors shall decide upon all other matters related to the
acquisition of shares. 

The authorization will be valid until the next Annual General Meeting, but will
however expire at the latest on June 30th 2014. 

SSH COMMUNICATIONS SECURITY CORPORATION

Tatu Ylönen
CEO

For furher information, please contact:
Jyrki Lalla, CFO, tel. +358 45 340 4641

Distribution:
NASDAQ OMX Helsinki Oy
Major media
www.ssh.com