Annual General Meeting of F-Secure Corporation

Helsinki, Finland - March 27, 2002

The Annual General Meeting of F-Secure Corporation was held on March 27, 2002. The Meeting confirmed the financial statements for the fiscal year 2001. The members and the deputy member of the Board of Directors and the managing director were granted a discharge from liability. In addition, the Annual General Meeting made the following decisions:

Dividend

The Board of Directors' proposal not to issue a dividend was accepted.

Members of the Board and Auditors

It was decided that there would continue to be five Board members. The following members were re-elected: Olli-Pekka Kallasvuo, Kaj-Erik Relander and Risto Siilasmaa. The following new members were elected: Antti Vasara and Matti Virtanen. Jari Puhakka and Christopher Vargas have resigned from the Board. Ari Hyppönen was re-elected deputy member.

Antti Vasara is the CEO of Sonera SmartTrust. Matti Virtanen is Vice President and Managing Director of Compaq BDG GmbH. Tilintarkastajien Oy - Ernst & Young was elected the Group's auditors.

Changing Clause 1 in the Articles of Association

It was decided that the Company's domicile in Clause 1 in the Articles of Association would be changed to Helsinki.

Authorizing the Board of Directors to increase the share capital of the company

The Board was authorized to increase the share capital of the Company as follows:

- The duration and purpose of the authorisation The Board was authorised during the period of one (1) year from the date of the shareholders' meeting to decide on an increase of the share capital of the company by one or more new share issues or by launching one or more convertible bonds or option loans or option rights. As a result of such share issues, option loans, option rights or convertible loans, the share capital of the company may be increased by a maximum of 280,000 euros. The maximum number of new shares to be issued is 28,000,000. To the extent the authorization is used to create incentive systems for the personnel of the Group, the share capital may increase by a maximum of 70,000 EUR, in which case a maximum amount of 7,000,000 shares may be issued.

- Deviation from subscription rights The shares, convertible bonds, option loans or option rights may be offered for subscription by deviating from the subscription rights of the shareholders. This deviation from the subscription rights is proposed in order that the company may fund possible acquisitions of strategic importance by way of share arrangements, or strengthen its financing and capital structure, or create incentive programs for the Group's employees.

- Determination of the subscription price The subscription price for the shares issued in conjunction with the share capital increase, and converted or subscribed on the basis of convertible bonds or option loans or option rights, is determined by the Board of Directors. At a minimum, the subscription or conversion price per share is the counter book value of the share. To the extent the authorization is used to create incentive systems for the personnel of the Group, the subscription price is determined by the Board of Directors so that it is based on the market price of the share.

- Payment of the subscription price The Board may also accept a set-off or provision of other assets (in-kind contributions) as payment. - Previous authorization The unused portion of the authorisation given at the Shareholders' meeting on April 3, 2001, will be cancelled simultaneously with the registration of the new authorization.

New option program to replace the options proposed to be cancelled

The Annual General Meeting accepted the Board proposal to create a new stock option plan to complement the extensive incentive program that the Company has utilized so far. In the new plan, key personnel of F-Secure will be offered a total of 5.5 million stock options which entitle the holder to subscribe for a total of 5.5 million shares with an accountable par value of 0.01 euros per share. This means that, as a result of the share subscriptions, the Company share capital may increase by a maximum of 55.000 euros.

All stock options are part of the Option Pool, from which the Company may grant stock options during a specified distribution period and thus exploit the Plan in a flexible manner. The stock options that remain undistributed are transferred automatically into the next stock option series. Further, the stock options in each series will be divided into sub-categories as decided by the Company upon the respective date of the grants. Granted stock options will be registered in the book-entry system before their respective vesting dates.

All stock option plans in the Stock Option Plan may be issued in three different series and each series may be divided into three different sub-categories. The share subscription period (vesting dates) starts no earlier than November 1, 2003 and terminates no later than December 31, 2008 for every stock option series and sub-category. The stock options have been named and numbered as Stock Option Plan 2002 stock option series A to C and each series have three different sub-categories numbered 1 to 3 (e.g. 2002A1 is a stock option granted in 2002 with the respective vesting date of November 1, 2003). The only difference between the various sub-categories in the same series is their vesting dates.

The share subscription prices pursuant to stock options will be based on the market value of the F-Secure share in public trading. The subscription price for each series will be the weighted average trading price for a three (3) month determination period, July to September each year from 2002 to 2004. The share subscription price must be paid upon subscription.

A deviation from the pre-emptive rights of the Company's shareholders in initial issuing of stock options to the Subsidiary and later in distributing the stock options is proposed for the reason that the stock options are intended to form a part of the incentive program for the F?Secure Group. Therefore the Board believes that there is a substantial economic reason for the Company to deviate from the pre-emptive rights of shareholders.

The part of the personnel entitled to subscription are in the category referred to in the Companies Act, Chapter 1, Section 4, Paragraph 1. The aggregate amount of shares held by these persons together with the shares they are entitled to subscribe for on the basis of existing stock options, correspond to approximately 54.5 per cent of the share capital of the Company and the total voting rights.

The stock options now issued can be exchanged for shares constituting a maximum of 3.9 per cent of the company's shares and voting rights.

The terms of the stock option program have been published in a stock exchange release on March 7, 2002.

Cancellation of the unallocated option rights in the old option programs

The Annual General Meeting also decided that to offset the dilution effect of the new Stock Option Plan 2002, all stock options being not granted in the Company Stock Option Plan 1999/I will be cancelled and a required amount of stock options in the Company Stock Option Plans 1998 and 1999/II and III will also be cancelled, to maintain the same number of issued stock options and subsequent increase in the share capital. This proposal is conditional to the decision above being made at the Company's Annual General Meeting.

F-Secure Corporation

Risto Siilasmaa
President, CEO

Additional information:
F-Secure Corporation
Risto Siilasmaa, President and CEO tel.358 9 2520 5510
Markku Pirskanen, CFO tel.358 9 2520 5606
Jukka Kotovirta, VP,Investor Relations tel.358 9 2520 5542
http://www.F-Secure.com

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