SafeNet to Present at the Morgan Keegan Information Security Conference in New York

Business Wire, May 23, 2006

BALTIMORE -- SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that SafeNet will present on Wednesday, May 24, 2006 at 11:50 am at the Morgan Keegan Information Security Conference being held at the New York Palace Hotel in New York, NY.

Chris Fedde, Senior Vice President and General Manager of SafeNet's Enterprise Security Business Unit, will provide an overview of the Company.

A live audio webcast of the presentation will be available on SafeNet's Investor website at www.safenetinvestor.com.

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. UBS, Nokia, Fujitsu, Hitachi, Bank of America, Adobe, Cisco Systems, Microsoft, Samsung, Texas Instruments, the U.S. Departments of Defense and Homeland Security, 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 Security Management Center (SMC) are trademarks of SafeNet, Inc. All other trademarks are the property of their respective owners.