SSH Communications Security - Corporate Action

THE SHARE-BASED COMMITMENT AND INCENTIVE SYSTEM OF THE CEO OF SSH COMMUNICATIONS SECURITY CORP

SSH COMMUNICATIONS SECURITY CORP   STOCK EXCHANGE RELEASE                       
FEBRUARY 16, 2009 AT 9:00 A.M.                                                  


The Share-based Commitment and Incentive System of the CEO of SSH Communications
Security Corp                                                                   

68.493 new shares have been registered in the Trade Register today. The shares  
were subscribed in a share issue decided by the Board of SSH Communications     
Security Corp on 16 December 2008. After this registration of new shares, the   
company has in total 28,652,268 shares, and the registered share capital        
increases to EUR 859,568.04.                                                    

The new shares shall become the object of public trading, together with the old 
shares, on the main list of NASDAQ OMX Helsinki starting from 17 February 2009. 

The terms of the directed share issue were:                                     
Share Subscription Rights                                                       

The directed share issue offered a maximum of 68,493 new SSH shares to the CEO  
of the SSH Communications Security Corp.                                        

Subscription Price and Payment                                                  

The subscription price is in total EUR 50,000, i.e. approximately 73 cents      
(0.73000 euro) per share. The whole subscription price was paid by 31 January   
2009. EUR 2054.79 of the subscription price were recorded in the share capital  
and EUR 47,945.21 were recorded in the invested non-restricted equity fund.     

Basis for the Directed Share Issue                                              
The directed share issue deviated from the shareholders' pre-emptive right,     
because it was designed as a part of the commitment and incentive system of the 
Company CEO.                                                                    

Shareholder Rights                                                              
The shareholder rights related to the new shares commence after the shares have 
been registered in the Trade Register and they have been added to the           
subscriber's book-entry account.                                                

The new shares provide the same subscriber rights as the other SSH shares. The  
subscriber rights commence 16 February 2009 and they include the rights to a    
potential dividend payable for the reporting period ending 31 December 2008.    

SSH COMMUNICATIONS SECURITY CORP                                                

Board of Directors                                                              

Further information:                                                            
Pekka Rauhala, General Counsel, tel: +358 20 500 7522                           

Distribution:                                                                   
NASDAQ OMX Helsinki Ltd.                                                        
Major Media                                                                     
www.ssh.com