F-Secure Oyj - Tender offer

F-SECURE ACQUIRES STEEK SA

F-Secure Corporation	 Stock exchange release	       July 10, 2009   04.45 pm

F-SECURE ACQUIRES STEEK SA 
Acquisition to strengthen F-Secure's value added service offering and
competitiveness with operators globally 

F-Secure Corporation today announces the acquisition of Steek SA, a leading
European software provider for online storage and data management solutions to
fixed line and mobile operators. Steek SA is recognized for its services that
enable consumers to store, share and manage personal digital content with PCs
and mobile phones. 

The acquisition further strengthens F-Secure's position as the leading Software
as a Service (SaaS) partner for operators globally. Both the acquired solutions
and operator partnerships are highly complementary to F-Secure's existing
business. The combined operations extend F-Secure's growth opportunities within
the rapidly developing fixed and mobile broadband services market. 

“By bringing the Steek technology and operator partnerships into F-Secure, we
are further strengthening our competitive position in Software as a Service
markets. This acquisition is a natural step in F-Secure's strategy to broaden
our Value Added Service (VAS) offerings to consumers. The rapidly developing
online storage market gives us great opportunity to accelerate our operator
revenue growth.  This acquisition strongly supports our pursuit of driving
innovation and growth for internet related services”, says Kimmo Alkio,
President and CEO of F-Secure Corporation. 

During the second half of 2009 (after the consolidation) the acquisition is
estimated to improve the Group's operator revenues by EUR 2-3 million and be
slightly EPS dilutive. In the long term the management estimates that the
acquisition will improve the Group's operator revenues significantly and it is
estimated to be EPS accretive already during 2010. 

Under the terms of the agreement, the cash and debt free purchase price is EUR
27.5m. In addition, F-Secure may pay in 2010 an additional purchase price of a
maximum of EUR 2.5m based on the performance of the acquired business. The
transaction price will be paid in cash and financed with the company's liquid
assets. The acquisition has been signed and closed. The acquired company will
be consolidated to the Group from the beginning of July 2009. 

Steek SA was founded in 2002 in Bordeaux, France and was privately owned by
Venture Capital firms Innovacom, AGF Private Equity and the management.  Steek
has an operator centric strategy to develop and deliver online storage and data
management related software services for the individual consumer and for small
and medium-sized businesses. Its operator partner network includes SFR
(France), Virgin Media (UK), TDC (Denmark), Singtel (Singapore) and Terra
(Spain) that have all together more than 2.2 million active users. As a growth
company Steek's 2008 revenues grew over 300% to EUR 2.5m and showed a net loss
of EUR 0.7m. The company currently employs 50 people. 

A conference call for international investors and analysts will be arranged on
Monday July 13, 2009 at 14.00 Finnish time (13.00 CET, 12.00 am UK time).
Instructions how to attend can be found on the investor pages of the Group's
web site at http://www.f-secure.com/f-secure/investor_relations/. 

The next interim report will be published on July 28 (Q2 2009). Full details
will be provided later on the Group's website. 

F-Secure Corporation
Kimmo Alkio
President & CEO

Additional information: 

Kimmo Alkio, President & CEO, F-Secure Corporation, tel. +358 40 033 9597
Taneli Virtanen, CFO, F-Secure Corporation, tel. +358 9 2520 0655