Class Action Lawsuit Commenced Against Entrust Technologies Inc. -- ENTU -- by Bernstein Liebhard & Lifshitz, LLP.

Business Editors

NEW YORK--(BUSINESS WIRE)--July 12, 2000

A securities class action lawsuit was commenced on behalf of purchasers of the publicly-traded securities of Entrust Technologies, Inc.(Nasdaq:ENTU) ("Entrust" or the "Company"), between April 19, 2000 and July 3, 2000, inclusive (the "Class Period").

A copy of the complaint is available from the Court.

The case is pending in the United States District Court for the Eastern District of Texas, Marshall Division, located at 100 East Houston, Marshall, Texas 75670. The case has been assigned civil action number 4: 00 CV 258.

Named as defendants in the complaint are Entrust, John A. Ryan (President and Chief Executive Officer), David L. Thompson (Chief Financial Officer), and Brian O. Higgins (Chief Technology Officer).

The complaint charges defendants with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants issued materially false and misleading information concerning, among other things, the Company's financial and operating condition and the Company's prospects. For example, as alleged in the complaint, on defendants misrepresented Entrust's revenue growth, particularly the revenues that Entrust was deriving from its key public infrastructure business and that Entrust would post 2Q 2000 EPS of $0.08 per share. As a result of these misrepresentations, Entrust's common stock was artificially inflated throughout the Class Period to a high of $82.75.

Defendants were motivated to inflate the price of Entrust stock in order to complete the $703 million stock-for-stock acquisition of enCommerce. On July 5, 2000, two days after the close of the enCommerce acquisition, defendants revealed that Entrust was experiencing rapidly declining revenues, would not meet its earnings projections and was experiencing significant problems in growing its business. In response to these disclosures, the price of Entrust stock collapsed, plunging more than $40 per share to as low as $34-3/8.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired Entrust securities during the Class Period.

If you purchased or otherwise acquired Entrust securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers no later than September 5, 2000.

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard & Lifshitz, LLP, or other counsel of your choice, to serve as your counsel in this action.

Bernstein Liebhard & Lifshitz, LLP has been retained as one of the law firms to represent the Class. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases resulting in the recovery of hundreds of millions of dollars to investors.

If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact Ms. Dani Kirshner, Director of Shareholder Relations, at Bernstein Liebhard & Lifshitz, LLP, 10 East 40th Street, New York, New York 10016, 800/217-1522 or 212/779-1414 or by e-mail at [e-mail].