SafeNet's SafeXcel IP Now Available in the Newly Introduced AMD Alchemy Au1550 Security Network Processor

SAN FRANCISCO—(BUSINESS WIRE)—Feb. 24, 2004— SafeNet (NASDAQ:SFNT), a leading provider of private and public network security solutions that set the standard for securing virtual private and wide area networks, today announced that its SafeXcel(TM) IP, license-ready intellectual property, is now available in the newly introduced Au1550(TM) security network processor from Advanced Micro Devices, Inc. (AMD). AMD is a global supplier of integrated circuits for the computing, communications, and consumer electronics markets. AMD is also using SafeNet's CGX Mobile Library in order to easily port security functionality to the processor.

"Our SafeXcel IP has proven to be a successful part of our long-term strategy of deploying our security technology to a broad and diverse set of markets, including the consumer market--AMD is a leading supplier of processors which address huge markets," said Anthony Caputo, Chairman, and CEO of SafeNet. "AMD's new Au1550 security network processors, which target the wireless, access, and entertainment markets, will allow our SafeXcel IP to be more widely deployed in these markets."

Targeted at wired and wireless applications where security, design flexibility, performance, and low power are important, AMD's Au1550 processor is a 500 MHz, MIPS 32-based, dual MAC security processor. The Au1550 processor is currently sampling and will be available in production quantities in the second quarter of 2004. SafeNet's SafeXcel IP is integrated into the Au1550 processor to provide hardware security acceleration and offload the burden of compute-intensive applications. SafeNet's CGX Mobile Library provides AMD with a tool for their customers to design appropriate security solutions using a common API.

AMD chose SafeNet's technology to augment their processor with the critical security features it needed, without sacrificing time-to-market, performance, or quality. SafeNet provided AMD a turnkey solution based on proven security technology used by so many leading developers of networking and wireless products. SafeNet also offered a common software API that enables multiple performance solutions with many hardware configurations and platforms.

"SafeNet is a leader in the security field and especially in providing complete security hardware and software solutions. AMD's customers will benefit from both the added security and performance provided by SafeNet's IP," said Phil Pompa, vice president of marketing for AMD's Personal Connectivity Solutions group. "Additionally, our customers will be able to quickly develop secure applications to meet the needs of their target markets."

SafeNet and AMD will be demonstrating the new Au1550 security network processor using SafeNet's technology, in booth number 1628 at the RSA Show in San Francisco.

About SafeNet, Inc.

SafeNet, Inc. (NASDAQ:SFNT), a leading provider of private and public network security solutions, has set the industry standard for VPN technology and secure business communications and offers the only encryption platform for both WAN and VPN networks. With more than 20 years experience in developing, deploying, and managing network security systems for the most security-conscious government, financial institutions, and large enterprise organizations around the world, SafeNet's proven technology has emerged as the de facto industry standard for VPNs. SafeNet is the single-source vendor for WAN and VPN security solutions teamed with an easy and low-cost migration path to a broad range of VPN products. SafeNet security solutions, based on SecureIP Technology(TM), and part of the CGX Security Platform, have become the products of choice for leading Internet infrastructure manufacturers, service providers, and security vendors. Securing the infrastructure of today's e-business communications as well as leading the way in government Homeland and classified data security, SafeNet has opened new markets for interoperable, secure, and deployable VPN communications. Commercial customers include Texas Instruments, Microsoft, Samsung, Centillium Communications, ARM, and Cisco Systems. Government, financial, and large enterprise customers include the National Security Agency, Federal Bureau of Investigation, U.S. Postal Service, U.S. Department of Defense, U.S. Internal Revenue Service, Social Security Administration, Bank of America, Eastman Kodak, Hewlett-Packard, and Motorola. For more information, visit http://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. These risks and uncertainties include contract termination risks, risks associated with acquiring other companies, including integration risks, and other risks described in SafeNet's Securities and Exchange Commission filings.

Editor's Note: SafeNet is a registered trademark and SafeXcel and SecureIP Technology are trademarks of SafeNet, Inc. All other trademarks are the property of their respective owners. AMD, AMD Alchemy, and combinations thereof, and Au1550 are trademarks of Advanced Micro Devices, Inc.

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