Technology: SSH and SDS Deliver Secure File Transfer and FTP Management Solution for IBM Mainframe Computing Environments

Combined SSH Tectia and SDS FTP Manager Solution Delivers Easy to Implement Data Security and Monitoring for Enterprise Batch File Transfers

HELSINKI, FINLAND and WELLESLEY, Mass. - June 3, 2008 - SSH Communications Security (OMX:SSH1V), a world-leading provider of enterprise security solutions and end-to-end communications security, and the original developer of the Secure Shell protocol, today announced a partnership with Software Diversified Services (SDS), a leading supplier of TCP/IP monitoring and file transfer solutions for IBM z/OS mainframes, wherein SDS will distribute and support a bundled solution combining SSH Tectia Server for IBM z/OS and the SDS FTP Manager (SFM) product to provide a comprehensive encryption and secure FTP (File Transfer Protocol) automation solution.

SSH and SDS are collaborating to provide a complete and easy to implement security solution for IBM z/OS mainframe-centric file transfers with a wide range of enterprise platforms. Working together, the SDS FTP Manager (SFM) and SSH Tectia products will provide near-effortless snap-in SSH protocol-based encryption and security for FTP to and from IBM z/OS mainframes. The solution requires no changes to JCL jobs, data files, or application infrastructure.

SSH Tectia Server for IBM z/OS is an advanced, cost-effective, secure file transfer and secure data-in-transit solution for IBM z/OS mainframe environments. It provides transparent FTP tunneling and automatic FTP to SFTP conversion for fast, low cost replacement of unsecure FTP in enterprise networks. Offering state-of-the-art encryption and authentication technologies, it allows enterprises to quickly and easily secure file transfers and data-in-transit between IBM mainframe, Windows, Unix, and Linux systems.

SFM enables real-time monitoring of IBM z/OS mainframe batch file transfers, automates FTP processes, secures individual FTP commands, and provides comprehensive audit trails to ensure basic compliance with key government regulations. In addition, SFM provides the FTP Control Language (FCL) for IBM mainframe batch jobs to log and retry failed transfers, while also notifying the attending operator when automated recovery fails. Through the SSH and SDS collaboration, programmers will no longer need to alter the JCL code to encrypt a file transfer.

Together, the SSH Tectia and SFM solutions increase the level of security for enterprises conducting batch file transfers on the mainframe by combining robust data security with advanced monitoring and management functionality. SSH Tectia ensures that file transfers being monitored by SFM are no longer vulnerable to malicious threats. SFM further addresses FTP's security shortcomings by integrating the z/OS FTP server with mainframe SAF security (RACF, ACF2, or Top Secret). SFM version 2.0, due for release in mid-summer, will seamlessly connect an IBM FTP client on z/OS to the SSH Tectia Server for IBM z/OS product to enable its advanced security and encryption technologies.

The additional layer of security from SSH Tectia enables SFM users to meet more stringent data security standards as required by government and industry regulations, including the Sarbanes-Oxley Act (SOX), Gramm-Leach-Bliley Act (GLBA), PCI DSS (Payment Card Industry Data Security Standard), and Health Insurance Portability and Accountability Act (HIPAA). SFM's robust monitoring and auditing of SFTP and SCP file transfers- the secure protocols used by SSH Tectia Server for IBM z/OS - will provide powerful oversight, diagnostics, and proof of regulatory compliance.


"Although FTP is a popular tool for enterprise data communications and z/OS mainframe networks, it is risky by nature," said Jim Lampi, Vice President, SDS. "We are very excited to work with SSH to help our customers achieve a much higher level of data security, whether they use FTP or other approaches. SSH Tectia is the leading enterprise security solution for IBM z/OS and distributed hosts, and is an ideal complement to SFM."

"SDS has established a strong reputation for its IBM mainframe TCP/IP monitoring and file transfer solutions, as well as superior technical support and documentation to meet demanding system requirements," said Arto Vainio, CEO, SSH Communications Security Corp. "SSH Tectia will provide SDS SFM users with data encryption and secure FTP tunneling capabilities to protect their business-critical information, making it a win-win situation for all."

About SSH Tectia

SSH Tectia is the leading end-to-end communications security solution for the enterprise. The SSH Tectia solution is based on the SSH Secure Shell and SSH's other industry-leading technologies used by millions worldwide. SSH Tectia enables secure file transfer, secure system administration, and secure application connectivity with centralized management throughout internal and external networks. SSH Tectia products provide transparent, strong encryption and authentication, and are available for all key enterprise platforms including Windows, Unix, Linux, and mainframes to easily integrate into heterogeneous network environments.


About Software Diversified Services

Software Diversified Services (SDS), founded in 1982, is noted for the highest quality software, documentation and technical support in the business. SDS is a leading provider of enterprise software to over 1,500 users worldwide. For more than 20 years SDS has built a reputation for superior, affordable products and reliable technical support. For more information, a free white paper, or a live demonstration by webcast, see http://www.sdsusa.com/sfm, or write to sales@sdsusa.com

About SSH Communications Security

SSH Communications Security is a world-leading provider of enterprise security solutions and end-to-end communications security, and the original developer of the Secure Shell protocol. The company's SSH Tectia solution addresses the most critical needs of large enterprises, financial institutions and government agencies. With SSH Tectia, organizations can cost-effectively secure their system administration, file transfers, and application connectivity against both internal and external security risks. As the original developer of the Secure Shell protocol and other key network security technologies, SSH has since 1995 developed end-to-end communications security solutions specifically for the enterprise. Currently more than 100 of Global Fortune 500 companies are using SSH security solutions. SSH shares are quoted on the Helsinki Exchanges Main List. For more information, please visit www.ssh.com.

# # #

SSH Corp. Contact:
George Adams
SSH Corp.
+1 781 247 2100
firstname.lastname@ssh.com

Americas Regional Contact:
Byron Rashed
SSH Inc.
+1 949 643 0733
firstname.lastname@ssh.com

Asia Pacific Regional Contact:
Shiho Hashimoto
SSH Corp.
+358 20 500 7470
firstname.lastname@ssh.com

Europe Regional Contact:
Bo Sorensen
SSH Corp.
+358 20 500 7404
firstname.lastname@ssh.com

Americas Agency Contact:
Cheryl Taylor
Walt & Company
+1 408 369 7200 x 2981
ssh@walt.com

Investor Relations Contact:
Mika Peuranen
SSH Corp.
+358 20 500 7419
firstname.lastname@ssh.com

© 2008 SSH Communications Security Corp. All rights reserved. ssh® and Tectia® are registered trademarks of SSH Communications Security Corp in the United States and in certain other jurisdictions. The SSH and Tectia logos are trademarks of SSH Communications Security Corp and may be registered in certain jurisdictions. All other names and marks are the property of their respective owners.

Technology: SSH Tectia ConnectSecure Receives Network Products Guide 2008 Product Innovation Award

SSH Communications Security's Revolutionary Addition to the SSH Tectia® Enterprise Security Product Family Recognized for Excellence in Data Protection

HELSINKI, FINLAND and WELLESLEY, Mass. - June 3, 2008 - SSH Communications Security (OMX:SSH1V), a world-leading provider of enterprise security solutions and end-to-end communications security, and the original developer of the Secure Shell protocol, today announced that its new SSH Tectia® ConnectSecure product has received the prestigious "2008 Product Innovation Award".

The annual award, given by Network Products Guide, a Silicon Valley Communications publication and a world-leading publication on technologies and solutions, recognizes vendors from all over the world with innovative and ground-breaking products that are bringing essential and incremental changes, and are setting the bar higher for others in all areas of information technology. SSH Tectia ConnectSecure, an advanced enterprise-class product that drastically reduces the cost and time needed to secure file transfers and data-in-transit, was recognized as a superior enterprise security solution in the "data protection" category.

"A company's commitment to innovation is demonstrated through its ongoing development of high-quality solutions that continue to improve with each generation of products," said Rake Narang, editor-in-chief, Network Products Guide. "Innovative products, such as SSH Tectia ConnectSecure, are providing enterprises with valuable solutions to secure file transfers and data-in-transit and maintain the integrity of critical corporate data."

SSH Tectia ConnectSecure includes Automatic FTP-SFTP (File Transfer Protocol-Secure File Transfer Protocol) Conversion, Transparent FTP Tunneling, and Transparent TCP Application Tunneling, enabling IT departments to quickly replace unsecure protocols with secure, proven protocols. Moreover, SSH Tectia ConnectSecure brings these time and cost-saving benefits for file transfers and data-in-transit with any server that incorporates the ubiquitous SSH (Secure Shell) protocol. This includes virtually all Unix and Linux servers, mid-range and mainframe systems supporting SSH, and systems properly integrating OpenSSH, an open source security software. When used with SSH Tectia Server, SSH Tectia ConnectSecure enables enhanced file transfer capabilities for the most demanding enterprise networks. SSH Tectia ConnectSecure does not require modification to existing infrastructure, applications or scripts, making it an ideal, cost-effective data security solution even for legacy applications.

"Network Products Guide's recognition of SSH Tectia ConnectSecure underscores our efforts to continuously enhance our innovative solutions to help organizations reduce their costs for protecting business-critical information from devastating security breaches," said George Adams, CEO, SSH Communications Security, Inc. "We are honored to receive an award that not only recognizes our company as a progressive industry leader, but also our SSH Tectia solution as a key enterprise data security solution."

SSH Tectia ConnectSecure is the newest family member to the SSH Tectia solution, which includes SSH Tectia Client, Server, Manager, and Server for IBM z/OS. The SSH Tectia solution allows enterprises to implement high-performance secure file transfers, secure application connectivity, and secure system administration throughout heterogeneous networks. To read more about this innovative product, please visit http://www.networkproductsguide.com/innovations/2008/SSH_Communications.html.

About SSH Tectia

SSH Tectia is the leading end-to-end communications security solution for the enterprise. The SSH Tectia solution is based on the SSH Secure Shell and SSH's other industry-leading technologies used by millions worldwide. SSH Tectia enables secure file transfer, secure system administration, and secure application connectivity with centralized management throughout internal and external networks. SSH Tectia products provide transparent, strong encryption and authentication, and are available for all key enterprise platforms including Windows, Unix, Linux, and mainframes to easily integrate into heterogeneous network environments.

About Network Products Guide Awards

Network Products Guide, published from Silicon Valley Communications, is a leading provider of products, technologies and vendor related research and analysis. You will discover a wealth of information in this guide, including product innovations, roadmaps, industry directions, technology advancements, and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com.

About SSH Communications Security

SSH Communications Security is a world-leading provider of enterprise security solutions and end-to-end communications security, and the original developer of the Secure Shell protocol. The company's SSH Tectia solution addresses the most critical needs of large enterprises, financial institutions and government agencies. With SSH Tectia, organizations can cost-effectively secure their system administration, file transfers, and application connectivity against both internal and external security risks. As the original developer of the Secure Shell protocol and other key network security technologies, SSH has since 1995 developed end-to-end communications security solutions specifically for the enterprise. Currently more than 100 of Global Fortune 500 companies are using SSH security solutions. SSH shares are quoted on the Helsinki Exchanges Main List. For more information, please visit www.ssh.com.

# # #

SSH Corp. Contact:
George Adams
SSH Corp.
+1 781 247 2100
firstname.lastname@ssh.com

Americas Regional Contact:
Byron Rashed
SSH Inc.
+1 949 643 0733
firstname.lastname@ssh.com

Asia Pacific Regional Contact:
Shiho Hashimoto
SSH Corp.
+358 20 500 7470
firstname.lastname@ssh.com

Europe Regional Contact:
Bo Sorensen
SSH Corp.
+358 20 500 7404
firstname.lastname@ssh.com

Americas Agency Contact:
Cheryl Taylor
Walt & Company
+1 408 369 7200 x 2981
ssh@walt.com

Investor Relations Contact:
Mika Peuranen
SSH Corp.
+358 20 500 7419
firstname.lastname@ssh.com

© 2008 SSH Communications Security Corp. All rights reserved. ssh® and Tectia® are registered trademarks of SSH Communications Security Corp in the United States and in certain other jurisdictions. The SSH and Tectia logos are trademarks of SSH Communications Security Corp and may be registered in certain jurisdictions. All other names and marks are the property of their respective owners.

Technology: SSH Communications Security Announces Availability of SSH Tectia Server 6.0 for IBM z/OS

Enhanced SSHG3(TM)Architecture Delivers Improved Scalability and Performance; Provides Automatic FTP to SFTP Conversion for Securing File Transfers and Data-In-Transit Quickly and Easily in Multi-Platform Enterprise Computing Environments

Helsinki, Finland and Wellesley, Mass. - SSH Communications Security Corp. (OMX:SSH1V), a world-leading provider of enterprise security solutions and end-to-end communications security, and the original developer of the Secure Shell protocol, today announced the general availability of SSH Tectia® Server 6.0 for IBM z/OS.

SSH Tectia Server for IBM z/OS is an advanced, cost-effective secure file transfer solution for IBM mainframe environments. Offering state-of-the-art encryption and authentication technologies, it allows enterprises to quickly and easily secure file transfers and other data-in-transit across, and between, z/OS, Windows, UNIX, and Linux environments, with no changes to JCL jobs or scripts and no modifications to the existing infrastructure or applications.

The new version saves IT teams time and money by delivering automatic FTP (File Transfer Protocol) to SFTP (Secure File Transfer Protocol) conversion. This provides a secure, drop-in replacement for FTP, and also supports transparent FTP tunneling without requiring changes to existing FTP JCL jobs and applications. It also features an enhanced SSHG3(TM) client architecture to deliver improved scalability and performance for SSH Tectia's Advanced Tunneling capabilities.

The SSH Tectia Server 6.0 for IBM z/OS improves file transfer reliability by providing new checkpoint/restart capabilities that automatically detect and resend all or a portion of a file in the event of a transfer interrupt, without requiring that the entire file be resent.

SSH Tectia Server for IBM z/OS 6.0 also adds support for new file transfer commands and parameters, including SITE/LOCSITE, ASCII/BINARY with configurable ASCII/EBCDIC conversion, CONDDISP, and SUNIQUE.

"SSH continues to lead the way by delivering powerful IT security solutions to meet the growing challenges facing mainframe IT managers," said Arto Vainio, CEO of SSH Communications Security, Corp. "With today's increasingly complex and interconnected enterprise IT computing environments, mainframe IT managers require a robust, flexible and easy to administer security solution. SSH Tectia Server 6.0 for IBM z/OS includes a number of usability and performance improvements that, when coupled with robust encryption, makes it the ideal product for securing even the most sensitive mainframe file transfers across the enterprise."

SSH Tectia Server for IBM z/OS supports key mainframe features, including native support for Multiple Virtual Storage (MVS) and Unix System Services (USS) file systems, System Management Facility (SMF) logging, automatic character set conversion, strong authentication with support for RACF, ACF2 and TSS through standard SAF calls, X.509v3 certificate support, as well as fast data streaming technology. SSH Tectia Server for IBM z/OS provides strong encryption and authentication using industry-standard cryptographic algorithms, and integrates with IBM's FIPS-certified cryptographic hardware facilities for optimized encryption performance.

Pricing and Availability

SSH Tectia Server 6.0 for IBM z/OS is available immediately. Product pricing and further details can be obtained by contacting SSH regional sales offices or by visiting www.ssh.com.

About SSH Tectia

SSH Tectia is the leading end-to-end communications security solution for the enterprise. The SSH Tectia solution is based on the SSH Secure Shell and SSH's other industry-leading technologies used by millions worldwide. SSH Tectia enables secure file transfer, secure system administration and secure application connectivity with centralized management throughout internal and external networks. SSH Tectia products provide transparent, strong encryption and authentication, and are available for all key enterprise platforms including Windows, Unix, Linux, and mainframes to easily integrate into heterogeneous network environments.

About SSH Communications Security

SSH Communications Security is a world-leading provider of enterprise security solutions and end-to-end communications security, and the original developer of the Secure Shell protocol. The company's SSH Tectia solution addresses the most critical needs of large enterprises, financial institutions and government agencies. With SSH Tectia, organizations can cost-effectively secure their system administration, file transfers and application connectivity against both internal and external security risks. As the original developer of the Secure Shell protocol and other key network security technologies, SSH has since 1995 developed end-to-end communications security solutions specifically for the enterprise. Currently more than 100 of Global Fortune 500 companies are using SSH security solutions. SSH shares are quoted on the Helsinki Exchanges Main List. For more information, please visit www.ssh.com.

SSH Corp. Contact:
George Adams
SSH Corp.
+1 781 247 2100
firstname.lastname@ssh.com

Americas Regional Contact:
Byron Rashed
SSH Inc.
+1 949 643 0733
firstname.lastname@ssh.com

Asia Pacific Regional Contact:
Shiho Hashimoto
SSH Corp.
+358 20 500 7470
firstname.lastname@ssh.com

Europe Regional Contact:
Bo Sorensen
SSH Corp.
+358 20 500 7404
firstname.lastname@ssh.com

Americas Agency Contact:
Cheryl Taylor
Walt & Company
+1 408 369 7200 x 2981
ssh@walt.com

Investor Relations Contact:
Mika Peuranen
SSH Corp.
+358 20 500 7419
firstname.lastname@ssh.com

© 2008 SSH Communications Security Corp. All rights reserved. ssh® and Tectia® are registered trademarks of SSH Communications Security Corp in the United States and in certain other jurisdictions. The SSH and Tectia logos are trademarks of SSH Communications Security Corp and may be registered in certain jurisdictions. All other names and marks are the property of their respective owners.

Business: SSH INTERIM REPORT FOR JANUARY 1 - MARCH 31, 2008

SSH COMMUNICATIONS SECURITY CORP STOCK EXCHANGE RELEASE, April 23. 2008, at 9:00 a.m.

- Net sales for January-March totaled EUR 1.9 million, down 28 percent year on year (EUR 2.6 million in Q1/2007).

- Operating loss for January-March amounted to EUR -0.8 million (a loss of 0.0 million in Q1/2007), resulting in a loss of EUR -0.6 million (profit 0.1 million).

- There were no major license deliveries during Q1/2008.

KEY FIGURES
	1-3/2008	1-3/2007	1-12/2007
Net sales (MEUR)	1.9	2.6	14.1
Net sales, change %	-28.0	26.4	49.4
Operating profit/loss (MEUR)	-0.8	0.0	2.2
% of net sales	-45.8	-1.5	15.3
Operating profit/loss, change %	-2 048.7	93.9	343.4
Profit/loss (MEUR)	-0.6	0.1	3.0
% of net sales	-34.4	4.8	21.5
Number of employees at period end	82	79	83
Earnings per share (EUR)	-0.02	0.00	0.11
Shareholders' equity per share (EUR)	0.71	0.64	0.73

SSH Communications Security is a world-leading provider of easy-to-use and centrally managed enterprise security solutions. SSH Tectia software products secure the critical data communications of numerous large enterprises, financial institutions and government agencies

NET SALES

Consolidated net sales for January-March totaled EUR 1.9 million (EUR 2.6 million) down by 28 percent year on year.

The majority of SSH's invoicing is based on the U.S. dollar. During the reporting period, the U.S. dollar's average exchange rate was approximately 14 percent weaker than during the same period for 2007.

RESULTS AND EXPENSES

Operating loss for January-March amounted to EUR -0.8 million (Q1/2007: EUR 0.0 million), with net loss totaling EUR

-0.6 million (a profit of EUR 0.1 million).

The fixed costs increased by approximately 3 % from January-March 2007. Research and development expenses for the report period totaled EUR 1.0 million (EUR 0.9 million), while sales and marketing expenses came to EUR 1.3 million (EUR 1.3 million) and administrative expenses were EUR 0.5 million (EUR 0.5 million).

BALANCE SHEET AND FINANCIAL POSITION

The financial position of SSH remained at a healthy level during the report period. The consolidated balance sheet total on 31 March 2008 was EUR 23.7 million (EUR 20.9 million), of which liquid assets accounted for EUR 21.5 million (EUR 17.1 million) and 90.7 percent of the balance sheet total. The company has no long-term liabilities. On 31 March 2008, gearing, or the ratio of net liabilities to shareholders' equity was -106.5% (-94.8%) and the equity ratio was 93.7 percent (93.7 percent).

The Annual General Meeting decided to renounce the share premium reserve after transferring all its funds to the invested unrestricted equity fund of the company. The decreasing of the share premium reserve still requires the procedure of protecting the creditors as defined in Chapter 14 of the Finnish Companies Act.

The reported gross capital expenditure for the period totaled EUR 0.0 million (EUR 0.0 million). The reported financial income consisted mainly of interest on fixed-term deposits. Financial income and expenses totaled EUR 0.2 million (EUR 0.2 million).

During January-March, SSH reported a negative cash flow of EUR -0.7 million (EUR 0.3 million positive) from business operations, and investments showed a cash flow of EUR 1.0 million (EUR 0.0 million). Cash flow from financing totaled EUR 0.0 million (EUR 0.0 million). Cash flow from operations, investments and financing resulted in the company showing a positive total cash flow of EUR 0.35 million (EUR 0.3 million) during the period.

MARKET DEVELOPMENTS

Large enterprises, financial, and public sector organizations have a growing need for improved data security. New and existing data security risks, continuously evolving regulations, and the increasing security standards and models continue to create new customer needs, to which we can respond with our versatile product offering.

In large listed companies and government agencies, the demand for products and services for improving their internal information security has been strong in the USA, and we expect it to spread to our target markets in Europe and Asia.

Regulations that currently influence the demand of our products are, for instance, the Sarbanes-Oxley 404 Act (SOX), the credit card industry PCI DSS, the health care industry HIPAA. These regulations demand data security audits, which drive our customers to implement long-term security upgrade programs in the IT infrastructure against internal and external threats.

SSH is confident that legislative reforms, new data security standards, as well as many industry and company level data security development programs will continue to drive the demand favorably for SSH Tectia. In the short term, however, demand in the US and financial services sectors contain uncertainty.

SALES PERFORMANCE

SSH'S NET SALES
EUR million	1-3/ 2008	10-12/ 2007	7-9/ 2007	4-6/ 2007	1-3/ 2007	1-12/ 2007
BY SEGMENT
AMER	1.3	1.4	7.3	1.0	1.8	11.5
APAC	0.2	0.2	0.2	0.2	0.2	0.8
EROW	0.4	0.6	0.3	0.3	0.5	1.8
SSH Group total	1.9	2.2	7.8	1.5	2.6	14.1
BY OPERATION
License sales	0.7	1.1	6.8	0.6	1.6	10.1
Maintenance	1.1	1.1	1.0	0.9	0.9	4.0
Total	1.9	2.2	7.8	1.5	2.6	14.1

The Americas market area accounted for 71 percent (72 percent) of reported net sales, while 10 percent (8 percent) came from the Asia Pacific region, and 19 percent (20 percent) from the 'Europe and the Rest of the World' markets.

During the reporting period, SSH concluded one new license agreement that was worth more than EUR 100.000. The ten largest customers accounted for 37 percent of reported net sales, with the largest single customer accounting for approximately 6 percent.

PRODUCTS AND MARKETING

During the report period, SSH focused its sales and marketing efforts on large enterprises, financial institutions, and government agencies in the USA, Europe, and Asia, in line with its long-term strategy. The company continued also developing its partner network in the same focus markets.

The main themes of marketing were the company's SSH Tectia product for the IBM mainframe environment and the new expanded uses of SSH Tectia for secure, automated file transfers in large organization's internal networks. The company also made further development of the productisation to provide higher value, new features and expanded uses, as well as enabling easier purchasing for the customers.

New applications, support for a wide range of enterprise operating systems, versatile integration capabilities, and centralized management have made SSH Tectia the most extensive integrated Secure Shell-based end-to-end communications security solution in the market.

RESEARCH AND DEVELOPMENT

Research and development expenses for January-March totaled EUR 1.0 million (EUR 0.9 million), the equivalent of 54.8 percent of net sales (34.9 percent). During the report period SSH didn't capitalize any research and development expenses.

HUMAN RESOURCES AND ORGANIZATION

At the end of March, the Group had 82 employees on its payroll, up by 3 persons from the previous year, an increase of 3.8 percent.

At the end of the period, 52.4 percent of the employees worked in R&D, 35.4 percent in sales and marketing, and 12.2 percent in corporate administration.

BOARD AND AUDITORS

The Annual General Meeting (AGM) on 27 March 2008 re-elected Tomi Laamanen, Timo Ritakallio and Tatu Ylönen to SSH Communications Security Corp's Board of Directors. Pyry Lautsuo and Juha Mikkonen were elected as new members. Mr. Laamanen was re-elected as chairman.

The AGM again elected to have PricewaterhouseCoopers Oy, authorized public accountants, as the company's auditor with Henrik Sormunen, authorized public accountant, acting as the principal auditor.

SHARES, SHAREHOLDING AND CHANGES IN GROUP STRUCTURE

The reported trading volume of SSH Communications Security Corp. shares totaled 1,468,785 (valued at EUR 2,203,622). The highest quotation was EUR 1.69 and the lowest EUR 1.37. The trade-weighted average share price for the period was EUR 1.50, and the share closed at EUR 1.52 (31 March 2008).

During the report period, the ownership structure of the company did not change essentially. Tatu Ylönen holds, directly and through his company, Tatu Ylönen Oy, 52.9 percent of the company's shares, Assetman Oy holds 14.7 % and Tero Kivinen holds 5.2 percent. More information about the shareholding can be obtained from the company's web site.

Towards the end of the report period, the Group decided to have the Japanese subsidiary SSH Communications Security K.K go into voluntary liquidation. This is a fully owned subsidiary of SSH. This arrangement is a part of the re-structuring of company's Asian sales organization, with a goal to sharpen the geographical sales focus, to increase the role of resellers and to decrease costs.

SHARE CAPITAL AND BOARD AUTHORIZATIONS

The company's registered share capital on March 31, 2008 was EUR 856,148.34, consisting of 28,538,278 shares. During the reporting period SSH increased its share capital once based on subscription to new shares under SSH's stock option plans. In total, 750 new SSH shares were subscribed under the I/1999 stock option plan and 1,416 shares under the I/2003 stock option plan respectively. With these subscriptions the company's share capital was increased by EUR 64.98.

The Annual General Meeting 27 March 2008 decided, in accordance with the proposal made by the Board of Directors, to authorize the Board of Directors to decide on issuing the maximum of 5,500,000 shares in one or more new share issues or on issuing special rights to share subscription as defined in the Finnish Companies Act Chapter 10,section 1, with or without subscription rights to shareholders.This authorization is effective until the next Annual GeneralMeeting, but will expire 30 June 2009, at the latest. The Board has not exercised this authorization.

The Annual General Meeting also authorized the Board of Directors to decide on dividend distribution and/or on distribution of assets from the invested unrestricted equity fund. By virtue of the authorization, the distributed assets can be a maximum of 0.15 euro per share and EUR 4,350,000.00 in total. The authorization is valid until 31 December 2008. Further, the Board of Directors was authorized to lower the subscription price of shares that can be subscribed on the grounds of the stock option plans released by the Company between years 2000 and 2003, at an amount which equates the distribution of assets. On 2 April 2008, after the end of the report period, the Board of Directors decided to distribute 0.15 euro per share from the invested unrestricted equity fund to the shareholders, and to lower the subscription price of the 2000 - 2003 stock option plans by the same amount. The date of payment was 15 April, 2008.

CORPORATE GOVERNANCE

The company complies with the corporate governance recommendations for listed companies issued by the Helsinki Stock Exchange, the Central Chamber of Commerce of Finland, and the Confederation of Finnish Industry and Employers. More information on corporate governance is available on the company's Web site (www.ssh.com).

PROSPECTS

The US dollar exchange rate and speculations about the US economy contain some factors of uncertainty that are hard to estimate. Our active sales prospect base is at a historically high level, especially in the US markets. However, time needed for completing the sales has grown longer.

In spite of the 1st quarter negative results, the company expects the full year results to be profitable.

Due to the large size of individual orders and depending on the timing of customer projects, significant variation of the quarterly revenue may occur.

INCOME STATEMENT
EUR million		1-3/ 2008	1-3/ 2007	1-12/ 2007
	Net sales	1.9	2.6	14.1
	Purchasing and production costs	0.0	0.0	0.0
	Gross profit	1.8	2.6	14.1
	Other operating income	0.0	0.1	0.1
	Expenses
	Product development	-1.0	-0.9	-3.7
	Sales and marketing	-1.3	-1.3	-6.5
	Administration	-0.5	-0.5	-1.9
	Operating profit/loss	-0.8	0.0	2.2
	Financial income and expenses	0.2	0.2	0.9
	Profit/loss before taxes	-0.6	0.1	3.0
	Taxes	0.0	0.0	0.0
	Net profit/loss for the period	-0.6	0.1	3.0

EARNINGS PER SHARE	1-3/2008	1-3/2007	1-12/2007
Earnings per share (EUR)	-0.02	0.00	0.11
Earnings per share, diluted (EUR)	-0.02	0.00	0.11

BALANCE SHEET
EUR million		31 Mar 2008	31 Mar 2007	31 Dec 2007
	ASSETS
	Fixed and other non-current assets
	Tangible assets	0.2	0.1	0.1
	Intangible assets	0.1	0.2	0.1
	Deferred tax assets	0.2	0.2	0.2
	Total fixed and other non-current assets	0.5	0.6	0.5
	Inventories and current assets
	Short-term receivables	1.8	3.1	3.0
	Short-term investments	19.5	15.2	20.3
	Cash and cash equivalents	2.0	2.0	1.7
	Total inventories and current assets	23.3	20.3	25.1
	Total assets	23.7	20.9	25.5
	LIABILITIES AND SHAREHOLDERS' EQUITY
	Shareholders' equity	20.2	18.1	20.8
	Long-term liabilities
	Provisions	0.2	0.0	0.2
	Long-term financial Liabilities	0.0	0.0	0.0
	Total long-term liabilities	0.2	0.0	0.2
	Short-term liabilities	3.3	2.8	4.5
	Total liabilities and shareholders' equity	23.7	20.9	25.5

CASH FLOW STATEMENT
EUR million		1-3/ 2008	1-3/ 2007	1-12/ 2007
	Cash flow from business operations	-0.7	0.3	4.8
	Cash flow from investments	1.0	0.0	-4.8
	Cash flow from financing	0.0	0.0	0.0
	Change in liquid assets	0.4	0.3	0.1
	Liquid assets at period start	1.7	1.7	1.7
	Adjustment for translation difference	0.0	0.0	-0.1
	Liquid assets at period end	2.0	2.0	1.7

STATEMENT ON CHANGES IN SHAREHOLDERS' EQUITY
EUR million	Share capital	Share premium fund	Fair value reserves	Trans-lation diff.	Unrest-ricted equity funds and retained earnings	Total
Shareholders' equity 1 Jan 2007	0.9	11.5	0.1	-0.8	6.3	18.0
Change	0.0	0.0	0.0	0.0	0.1
Shareholders' equity 31 Mar 2007	0.9	11.5	0.1	-0.8	6.4	18.1
Change	0.0	0.0	0.0	-0.3	3.0
Shareholders' equity 31 Dec 2007	0.9	11.5	0.1	-1.1	9.4	20.8
Change	0.0	0.0	0.0	0.0
Net profit					-0.6
Shareholders' equity 31 Mar 2008	0.9	11.5	0.1	-1.0	8.7	20.2

NET SALES BY SEGMENT
EUR million	1-3/ 2008	1-3/ 2007	1-12/ 2007
AMER	1.3	1.8	11.5
APAC	0.2	0.2	0.8
EROW	0.4	0.5	1.8
SSH Group total	1.9	2.6	14.1

OPERATING PROFIT/LOSS BY SEGMENT
EUR million	1-3/ 2008	1-3/ 2007	1-12/ 2007
AMER	0.5	1.1	7.6
APAC	0.1	0.1	0.3
EROW	-0.1	0.1	-0.1
Common Group expenses*	-1.4	-1.3	-5.6
SSH Group total	-0.8	0.0	2.2

* Common Group expenses include Group administration expenses (e.g. management and finance) and product management and R&D expenses for corporate headquarters.

KEY FIGURES AND RATIOS
	1-3/ 2008	1-3/ 2007	1-12/ 2007
Net sales (MEUR)	1.9	2.6	14.1
Operating profit/loss (MEUR)	-0.8	0.0	2.2
Operating profit/loss, % of net sales	-45.8	-1.5	15.3
Profit/loss before extraordinary items and taxes (MEUR)	-0.6	0.1	3.0
Profit/loss before extraordinary items and taxes, % of net sales	-34.4	4.8	21.5
Profit/loss before taxes (MEUR)	-0.6	0.1	3.0
Profit/loss before taxes, % of net sales	-34.4	4.8	21.5
Return on investment (%)	-11.8	0.7	15.1
Return on equity (%)	-12.5	0.7	15.6
Interest-bearing net liabilities (MEUR)	-21.5	-17.1	-22.0
Equity ratio (%)	93.7	93.7	91.4
Gearing (%)	-106.5	-94.8	-105.8
Gross capital expenditure (MEUR)	0.0	0.0	0.1
% of net sales	0.2	0.3	0.8
R&D expenses (MEUR)	1.0	0.9	3.7
% of net sales	54.8	34.9	26.0
Personnel, period average	80	80	81
Personnel, period end	82	79	83

PER-SHARE DATA
	1-3/ 2008	1-3/ 2007	1-12/ 2007
Earnings per share, undiluted (EUR)	-0.02	0.00	0.11
Earnings per share, diluted (EUR)	-0.02	0.00	0.11
Equity per share (EUR)	0.71	0.64	0.73
No. of shares at period end (thousands)	28 538	28 424	28 536
Share performance (EUR)
Average price	1.50	1.52	1.63
Low	1.37	1.15	1.12
High	1.69	1.75	2.39
Share price, period end	1.52	1.30	1.61
Market capitalization, period end (MEUR)	43.4	37.0	45.9
Volume of shares traded (in millions)	1.5	7.3	15.0
Volume of shares traded, % of total	5.1	25.5	52.6
Value of shares traded (MEUR)	2.2	11.0	24.5
Price-to-earnings ratio (P/E)	-	299.9	15.2

CONTINGENT LIABILITIES
EUR million	31 Mar 2008	31 Mar 2007	31 Dec 2007
Rental and lease liabilities - minimum lease payments
Maturing within 1 year	0.7	0.7	0.7
Maturing between 1 and 5 years	1.1	1.1	1.1
Currency derivatives (not included in hedge accounting)
Fair value	0.0	0.0	0.0
Nominal value	0.0	0.9	0.0

This interim report has been compiled observing IAS 34 (Interim Financial Reporting) accounting standard. The same accounting principles have been used in the interim report as in the financial statement for 2006. These data are based on unaudited figures.

DISCLAIMER

The content in this report is provided by SSH Communications Security Corp ("SSH") and its third party content providers for your personal information only, and does not constitute an offer or invitation to purchase any securities. Nor does it provide any form of advice (investment, tax, legal) amounting to investment advice, or make any recommendations regarding particular investments or products. SSH does not provide investment advice or recommendations to buy or sell its shares or the shares of others. If you are interested in investing in SSH, please contact your financial adviser for further details and information. Past performance of SSH shares is not indicative of future results. EXCEPT AS PROVIDED BY APPLICABLE COMPULSORY LAW SSH EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE AVAILABILITY, ACCURACY OR RELIABILITY OF ANY OF THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE INFORMATION FOR ANY PURPOSE.

FINANCIAL REPORTING

The company will hold a briefing on its interim report for equity analysts and the media in Hotel Scandic Simonkenttä, 1st floor, Cabinet Lönkka; at address Simonkatu 9, 00100 Helsinki on Wednesday, 23 April 2008, starting at 11:00 a.m.

SSH Communications Security Corp will release its next interim report and financial statements for 1 January - 30 June 2008 on 23 July 2008. Further information will be available on the company's web site in due course.

Helsinki, 23 April 2008

SSH COMMUNICATIONS SECURITY CORP

Board of Directors

Arto Vainio

CEO

For further information, please contact:

Arto Vainio, CEO tel. +358 (0)20 500 7400

Mika Peuranen, CFO tel. +358 (0)20 500 7419

Distribution:

Helsinki Stock Exchange

Major media

www.ssh.com