SafeNet Chairman Tony Caputo to Keynote at the Federal Financial Insti

    Business Editors/High-Tech Editors

    BALTIMORE--(BUSINESS WIRE)--March 10, 2005--SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that SafeNet Chairman and CEO Tony Caputo will present the keynote speech at the Federal Financial Institutions Examinations Council (FFIEC) Symposium on Monday, March 14, 2005, being held at the FDIC - L. William Seidman Center in Arlington, Virginia.
    The FFIEC Symposium will address the problem of identity theft and seeks to provide guidance to the financial services industry on ways to combat and reduce the impact of this issue. Speakers at the symposium will explore the scope of identity theft, the technology and processes used to perform identity theft and look at current and future means to reduce the problem. Mr. Caputo, who will speak at 2:30 pm EST, will provide his expertise and guidance on the matter of identity theft as well as security issues for financial institutions.
    FFIEC is a formal inter-agency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) and to make recommendations to promote uniformity in the supervision of financial institutions.

    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, NetGear, 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 of SafeNet, Inc. All other trademarks are the property of their respective owners.

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CONTACT: SafeNet, Inc. Maureen Kolb, 443-327-1238 mkolb@safenet-inc.com www.safenet-inc.com

KEYWORD: MARYLAND INDUSTRY KEYWORD: HARDWARE TELECOMMUNICATIONS SOFTWARE NETWORKING PRODUCT SOURCE: SafeNet, Inc.

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