Proposed Merger Between Rainbow and SafeNet Receives Recommendation From Institutional Shareholder Services IRVINE, Calif., March 4 /PRNewswire-FirstCall/ -- Rainbow Technologies, Inc. , a leading provider of digital content and transaction securityfor the Internet, software protection, SSL VPNs and secure remote access, today announced that Institutional Shareholder Services (ISS) has recommended that Rainbow Technologies' shareholders vote for the proposed merger between Rainbow and SafeNet, Inc. . The special meeting of stockholders of Rainbow to vote on the proposed merger with SafeNet will be held at 9:00 am PST, Monday, March 15th, at the offices of Rainbow Technologies, located at 50 Technology Drive, Irvine, CA 92618. About Rainbow Technologies Making security simple since 1979, Rainbow Technologies, a leading provider of proven information security solutions for mission-critical data and applications used in business, organization and government computing environments, has been breaking the security paradigm by making complex security simple to implement and use for more than two decades. Rainbow is the market leader in several critical security technologies including: USB authentication tokens that eliminate user names and passwords; SSL acceleration devices that provide fast and secure online transactions; software security and licensing products that prevent software piracy; and high assurance security products used by the U.S. government for applications in the DoD, NSA and Homeland Security. Rainbow has leveraged these market share-leading technologies to develop a new breed of secure remote access control appliance known as the NetSwift iGate, which provides secure access to legacy applications in an SSL-VPN and Web-enabled applications. With headquarters in Irvine, CA, Rainbow maintains offices and authorized distributors throughout the world. For more information, visit the Web site at http://www.rainbow.com/. Additional Information About the Merger and Where You Can Find It In connection with the proposed merger of SafeNet and Rainbow, SafeNet has filed with the SEC a Registration Statement on Form S-4 (File No. 333-110520) containing a joint proxy statement/prospectus and SafeNet and Rainbow have filed and may file other relevant materials in connection with the merger transaction. The joint proxy statement/prospectus has been mailed to the stockholders of SafeNet and Rainbow. Investors and security holders of SafeNet and Rainbow are urged to read thejoint proxy statement/prospectus and the other relevant materials when they become available because they contain important information about SafeNet, Rainbow and the transaction. The joint proxy statement/prospectus and other relevant materials, and any other documents filed by SafeNet or Rainbow with the SEC, may be obtained free of charge at the SEC's web site at http://www.sec.gov/. In addition, investors and security holders may obtain free copies of the documents filed with the SEC by SafeNetby contacting Michelle Layne, SafeNet Investor Relations, 4690 Millennium Drive, Belcamp, Maryland 21017, (443) 327-1239. Investors and security holders may obtain free copies of the documents filed with the SEC by Rainbow by contacting Rainbow Investor Relations, 50 Technology Drive, Irvine, California 92718 (949) 450-7377. Investors and security holders are urged to read the joint proxy statement/prospectus and the other relevant materials before making any voting or investment decision. Rainbow Technologies, Rainbow Mykotronx, NetSwift iGate, Luna and iKey are trademarks of Rainbow Technologies, Inc. SafeNet is a registered trademark and SecureIP Technology is a trademark of SafeNet, Inc. All other trademarks are the property of their respective owners. For further information, please contact Dan Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377, ; or Deborah Jones of Strategies, +1-714-957-8880 ext. 113, , for Rainbow Technologies, Inc. DATASOURCE: Rainbow Technologies, Inc. CONTACT: Dan Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377, ; or Deborah Jones of Strategies, +1-714-957-8880 ext. 113, , for Rainbow Technologies, Inc. Web site: http://www.sec.gov/ Web site: http://www.rainbow.com/

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