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Press release BoxID: 144557 (SSH Germany)
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  • Pekka Rauhala
  • +358 (20) 500-7522

SSH updates its Option rights status

(PresseBox) (Helsinki , ) The Board of Directors of SSH Security Corp (hereinafter referred as "the Company") has resolved about nullification of the option rights returned to the Company. The nullification of these option rights has today been entered into the Trade Register.

Option rights issued on the basis of the Option Programs of the Company are unused as follows:

A total of 20,325 option rights which entitle to subscribe for new shares with the subscription price of EUR 0.03 under the Option Program (I/1999) as adopted by the General Meeting of the Shareholders on August 5, 1999, are unused. The share capital can be raised by maximum EUR 609.75 as a result of such subscriptions.

The Option Program (I/2000/lot 1) as adopted by the Board of Directors on July 10, 2000 on the basis of an authorisation of the General Meeting of the Shareholders, the Option Program (I/2000/lot 2) as adopted by the Board of Directors on September 13, 2000 on the basis of an authorisation of the General Meeting of the Shareholders and the Option Program (I/2000/lot 3) as adopted by the Board of Directors on March 22, 2001 on the basis of an authorisation of the General Meeting of the Shareholders have, in connection with an entry into the Book-Entry System, been amalgamated to one Option Program (I/2000). A total of 149,152 option rights which entitle to subscribe for new shares with the subscription price of EUR 5.96 under the Option Program I/2000, are unused. The share capital can be raised by maximum EUR 4,474.56 as a result of such subscriptions.

A total of 32,000 option rights which entitle to subscribe for new shares with the subscription price of EUR 5.96 under the separate Option Program as adopted by the Board of Directors on July 10, 2000 on the basis of an authorisation of the General Meeting of the Shareholders, are unused. The share capital can be raised by maximum EUR 960.00 as a result of such subscriptions.

A total of 9,250 option rights which entitle to subscribe for new shares with the subscription price of EUR 14.46 under the Option Program (II/2000) as adopted by the Board of Directors on March 22, 2001 on the basis of an authorisation of the General Meeting of the Shareholders, are unused. The share capital can be raised by maximum EUR 277.50 as a result of such subscriptions.

The share subscription periods with the option rights of the Option Program (I/2001) as adopted by the General Meeting of the Shareholders on April 19, 2001, have ended, and this Option Program does not exist anymore.

A total of 611,749 option rights which entitle to subscribe for new shares with the subscription price of EUR 2.96 under the Option Program (I/2002) as adopted by the General Meeting of the Shareholders on April 11, 2002, are unused. The share capital can be raised by maximum EUR 18,352.47 as a result of such subscriptions.

A total of 4,625 option rights which entitle to subscribe for new shares with the subscription price of EUR 1.46 under the Option Program (II/2002) as adopted by the General Meeting of the Shareholders on April 11, 2002, are unused. The share capital can be raised by maximum EUR 138.75 as a result of such subscriptions.

A total of 25,499 option rights which entitle to subscribe for new shares with the subscription price of EUR 1.36 under the Option Program (III/2002) as resolved by the Board of Directors on June 26,2002, are unused. The share capital can be raised by maximum EUR 764.97 as a result of such subscriptions.

Under the Option Program (I/2003) as adopted by the General Meeting of the Shareholders on April 29, 2003, the total number of unused option rights is 184,660 (as opposed to the amount announced in the stock exchange release of May 23, 2007). These option rights entitle to subscription of new shares with EUR 0.33. The share capital can be raised by maximum EUR 5,539.80 as a result of such subscriptions.

A total of 15,500 option rights which entitle to subscribe for new shares with the subscription price of EUR 0.33 under the Option Program (II/2003) as adopted by the General Meeting of the Shareholders on April 29, 2004, are unused. The share capital can be raised by maximum EUR 465.00 as a result of such subscriptions.