Change of Management in EuroTrust.

Business Editors

COPENHAGEN, Denmark--(BUSINESS WIRE)--Dec. 22, 2003

Change of Management of EuroTrust in Denmark!

EuroTrust A/S (NASDAQ ADS: EURO) today announced that Chief Operating Officer Brian Mertz Pedersen has decided to resign from his position. Mr. Aldo Petersen the Chief Executive Officer of EuroTrust will assume the duties of Chief Operating Officer, as well. Mr. Pedersen continues to have a close relationship to EuroTrust and its management.

Chief Operating Officer Brian Mertz Pedersen has decided to seek new challenges within the startup area. "We have completed most of what EuroTrust set out to achieve when I joined the company," said Mr. Pedersen.

Brian Mertz Pedersen joined EuroTrust (then Euro909) in 2000 after having founded Virus112 - which is now a fully owned successful subsidiary of EuroTrust. Mr. Pedersen managed the turn around of the Company's fortunes and was a leading force in shaping the future strategy of EuroTrust. This included the restructuring of EuroTrust Secure Hosting (the former Digiweb), the transformation of WISEhouse into EuroTrust Netvaulting and the establishment of a sound business foundation for future growth. Brian Mertz Pedersen has been an invaluable force in the startup of new business initiatives and has wisely managed the consolidation of the company in the past year.

Also as a consequence of the streamlining of the management and organization due to the sale of subsidiaries and closing down the Swiss office, Mr. Bertel Jensen has resigned as Chief Financial Officer. Bertel Jensen joined the company in 1995 and played a vital role in the Company's initial public offering on the NASDAQ Stock Exchange in 1997 and the negotiation of the affiliate agreement with VeriSign Inc. in November 2000 and June 2001. Mr. Jensen has been the Company's CFO since 1995 and since 1997 has also managed our Investor Relations department.

"Both EuroTrust and myself have very much appreciated the enormous contribution that Mr. Pedersen and Mr. Jensen have made to the Company through which we have ensured EuroTrust a sound business foundation for future growth. But as a result of the sale of the subsidiaries and our decision to close the branch office in Switzerland the management has decided to streamline the administration of the company," said EuroTrust Chief Executive Officer Aldo Petersen.

Corporate Finance Director Soeren Degn has been appointed the new Chief Financial Officer (CFO). Prior to his employment with EuroTrust in 2001, Mr. Degn spent 5 years with Kampsax A/S (a consultancy firm) and 7 years with KPMG in Denmark. Mr. Degn has a Graduate Diploma in Business Administration in accountancy and a MSC (Business Administration and Auditing) in financial planning and control.

About EuroTrust A/S:

EuroTrust (Nasdaq ADS: EURO) is the leading provider, in Scandinavia and other western European markets, of an array of trusted security products and services, including secure communications, secure servers, on-site solutions, virus detection, security penetration and testing, and secure remote backup services. EuroTrust's digital security offerings are available through its Web site (www.eurotrust.dk), direct sales force and reseller partners in Europe.

EuroTrust, as the largest worldwide affiliate of VeriSign Inc., provides trusted Internet infrastructure products and services in Denmark, Norway, Sweden, Finland, Austria, Switzerland and Italy. EuroTrust also owns a broadcast media property in Scandinavia. More information about EuroTrust and its subsidiaries is available at www.eurotrust.dk/investors.

Except for historical information contained herein, this news release contains forward-looking statements that are dependent on risks and uncertainties including such factors, among others, as the pace at which new markets develop, the impact of competition and the company's ability to implement timely responses to market conditions. Further information on EuroTrust.dk is contained in publicly filed disclosures available through the SEC's Public Reference Branch or from the company's Investor Relations Department.