SSH Communications Security - Corporate Action

SSH OPTION CERTIFICATES EXERCISED FOR SHARE SUBSCRIPTION

SSH COMMUNICATIONS SECURITY CORP   STOCK EXCHANGE RELEASE                       
DECEMBER 23, 2008 AT 9:00 A.M. 


SSH OPTION CERTIFICATES EXERCISED FOR SHARE SUBSCRIPTION                        

According to the I/2003 option program, 5166 shares were subscribed for using   
class A option certificates, 11 668 shares were subscribed for using class B    
option certificates and 16 666 shares using class C option certificates. The    
subscription period for shares with I/2003 A option certificates started May 1, 
2005, with 1/2003 B option certificates started May 1, 2005 and with I/2003 C   
option certificates started May 1, 2006. The issue of the I/2003 Stock Option   
Program was approved by the Annual General Meeting of April 29, 2003.           

The corresponding increase in the share capital, in total EUR 1.005,- was       
registered in the Finnish Trade Register on December 23, 2008. As a result of   
the increase, the share capital of the company is EUR 857.513,25 and the total  
number of shares 28.583.775.                                                    

The holders of the new shares are entitled to all shareholders' rights from the 
registration date December 23, 2008. The new shares will be listed on NASDAQ OMX
Helsinki Ltd. together with the other shares as of December 29, 2008.           

Helsinki on December 23, 2008                                         

SSH COMMUNICATIONS SECURITY CORP                                                

Pekka Rauhala                                                                   
General Counsel                                                                 

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

Distribution:                                                                   
NASDAQ OMX Helsinki Ltd.                                                        
Major Media                                                                     
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