Giesecke & Devrient Selects SafeNet to Supply Hardware Security Modules; Extensive Product Evaluations Showed Solution's Strength and Functionality over Competition

BALTIMORE--(BUSINESS WIRE)--July 27, 2006--SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that Giesecke & Devrient (G&D), a leading global supplier of smart cards, has selected SafeNet's Hardware Security Modules (HSMs) for its cryptography needs including smart card production, personalization and key management.

SafeNet HSM is a PCI adapter-based HSM that provides high-performance secure cryptographic processing in server systems and supports applications requiring high-performance symmetric and asymmetric cryptographic operations.

“SafeNet is proud to be selected as an HSM provider to G&D”

G&D evaluated HSMs extensively and finally chose SafeNet's solution for its broad functionality, powerful development tools, scalable performance range and key management.

By integrating the HSM's smart card cryptographic key transfer into its security solutions, G&D can ensure the ultimate level of secrecy and integrity of keys and sensitive data for its customers. G&D's customers span the fields of telecommunications, electronic payments, transportation, health care, identity, and IT security.

"SafeNet is proud to be selected as an HSM provider to G&D," said Chris Holland, director of product management, SafeNet's Commercial Enterprise Business Unit. "The creation of this relationship underlines our ongoing commitment to the smart card market, extending from card manufacturing and personalization to key management and application security."

Hardware Security Modules

The Hardware Security Module stores all secret keys and sensitive data in protected memory and performs all sensitive cryptographic operations. Tamper resistant secure casing, battery-backed secure key storage, automatic cryptographic key erasure upon tamper detection, True Random Number Generator, plus smart card cryptographic key transfer, ensure the ultimate level of secrecy/integrity of keys and sensitive data. More information can be found at http://www.safenet-inc.com/products/pki/psGold.asp.

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, 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

About Giesecke & Devrient:

Giesecke & Devrient (G&D), based in Munich, Germany, is an international technology group operating subsidiaries and joint ventures throughout the world. Founded in Leipzig in 1852, G&D began as a printer of securities, and later specialized in banknote production. The company has been developing solutions and complete systems for automatic currency processing since 1970. Today, G&D is also a technology leader in smart cards, and a solutions provider in a wide range of fields, including telecommunications, electronic payments, identification, health, transportation, and IT security (PKI). In fiscal 2005, the Group employed more than 7,500 people and generated revenue of EUR 1.24 billion. For more information, visit our Web site at www.gi-de.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.