SafeNet Appoints New Executive to Strengthen Government Channels; IT Security Leader Names Howard Seeger Vice President, Business Development of Corporate Alliances

Business Wire, June 23, 2004

BALTIMORE -- Seeger Formerly Led Systems Integrator Alliances for Qwest

SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced the appointment of Howard Seeger as Vice President, Business Development of Corporate Alliances. In this new role, Seeger will lead executive level relationships with system integrators and telecommunication service providers to further deploy SafeNet technologies addressing new and existing government needs. Seeger comes to SafeNet from Qwest Communications, where he most recently served as Vice President of System Integrator Alliances.

"To solidify and increase our government business, SafeNet will more aggressively develop relationships with systems integrators and service providers at the highest levels, and Howard is ideally suited for this role," said Chris Fedde, Senior Vice President and General Manager for SafeNet's Enterprise Security Division. "Howard brings both the technical and networking expertise to continue developing new relationships, as well as build upon our existing partnerships. SafeNet's incumbency and reputation in the government market positions us to leverage new opportunities."

At Qwest, Seeger led the System Integrator Business unit, outsourcing engagements in federal, state, local, and commercial enterprise markets. Prior to running this business unit at Qwest, Mr. Seeger also served as Vice President, Sales and Marketing for Qwest's Government Services unit, growing revenues from $100 million to over $300 million.

"Many government relationships start with the integrators and service providers. Therefore, SafeNet, as one of the only single-source providers of security technology to the government, must capitalize on all distribution channels, especially those held in such high regard to federal agencies," said Mr. Seeger. "I am excited to join SafeNet and execute a plan growing SafeNet's government sector market share."

Prior to his tenure at Qwest Communications, Mr. Seeger has also held executive positions at Wang Government Services, TeleCommunication Systems, and SAIC, with responsibilities for executive level business development and operations. Mr. Seeger also retired from the United States Navy after 20 years in several high-tech roles, such as command and control for computer systems, radio suites, and electronic warfare systems, including the Strategic Systems Program for the Trident II Navigation Subsystems Software.

About SafeNet, Inc.

SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. ARM, Bank of America, Cisco Systems, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

Editor's Note: SafeNet is a registered trademark and SecureIP Technology is a trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.