F-SECURE STREAMLINES ITS ORGANIZATION

Helsinki, Finland - April 27, 2001

F-Secure Corporation will reduce the amount of its personnel to approximately 350, from a high of 445 this spring, as part of its rationalization project started early this year. As the final part of the project the Group has started employee negotiations according to the Finnish Labour Statute with 10 employees in Finland.

These actions are being taken as a necessary step to respond to a weakening growth of demand for the Group's products, especially in the encryption business area. Through these cost savings efforts the Group prepares for the possible ongoing weakening of the global economy. At the same time, the Group strengthens its focus on solutions where the market demand remains strong and on strategic future areas.

At the end of the employee negotiations the personnel in Finland will have been reduced by 40 employees and in the international operations by 50 employees. At the same time, the number of subcontractors will be reduced. These actions will start to take full effect during the third quarter of this year. The full estimated cost reductions will be approximately 15% compared to the fixed cost base in Q42000.

While layoffs will happen across the organization, the groups most impacted will be Research and Development and Sales. The Group has decided to focus on the most profitable and strategic products, and to reduce or eliminate a number of projects where demand is expected to be weaker. The Group will also substantially increase its focus on its Channel partnerships. The sales organization will be rationalized especially in the United States, China and France through, as an example, shifting some of the responsibility to channel partners.

Reductions will not be made in business areas that are critical to the Group's future, such as Wireless security and Security as a Service. In these areas further investments have been made.

F-Secure Corporation

Risto Siilasmaa
President, CEO

Additional information:
F-Secure Corporation
Risto Siilasmaa, President and CEO tel.358 9 2520 5510
Jukka Kotovirta, Vice President tel.358 9 2520 5542
Markku Pirskanen, CFO tel.358 9 2520 5606