This report consists of the following sections: 3 standard charts, 1 point & figure chart, a table of technicals indicators, a technical description of current stock position, a statement of current company fundamental statistics and current new. If you are not displaying this report properly, insure that you are using a currently updated browser.

TECHNICAL DATA REPORT  General Indicators     Criteria Value   Stock Price 28.3 P/E Ratio N/A Percent Yield N/A Number of Shares Outstanding 10,200,000 Market Capitalization 289,000,000 Net Insider trading -5 Exercise of Options -5  Stock Performance Indicators     Criteria Value   1 Day Relative Performance 100.3 1 Week Relative Performance 101.9 3 Week Relative Performance 108.7 6 Week Relative Performance 119.2 18 Week Relative Performance 125.7 26 Week Relative Performance 117.4 1 Year Relative Performance 231.9 3 Year Relative Performance 141.5 5 Year Relative Performance 396.9  Volume Indicators     Criteria Value   Volume/No. of Shares 1.26 30 Day Average Volume 320,800 1-Day-Vol-to-30-Day Avg Vol Ratio 40.1 5-Day-Vol-to-30-Day Avg Vol Ratio 84  Moving Average Convergence/Divergence (MACD)     Criteria Value   MACD 8-17-9 Day Breakout -9 MACD 8-17-9 Day Value 57 MACD 8-17-9 Day HST -9 MACD 8-17-9 Day Delta -4 MACD 12-25-9 Day Breakout 12 MACD 12-25-9 Day Value 100 MACD 12-25-9 Day HST -12 MACD 12-25-9 Day Delta -5 MACD 8-17-9 Week Breakout 34 MACD 8-17-9 Week Value 101 MACD 8-17-9 Week Change 78 MACD 8-17-9 Week Delta 5  Moving Averages      Criteria Value   30 Day Moving Average Ratio 104.1 30 Day Moving Average Breakout 43 150 Day Moving Average Ratio 117.3 150 Day Moving Average Breakout 38  Stochastics     Criteria Value   Stochastics 9- 3 Breakout -10 Stochastics 9- 3 Value 51.3 Stochastics 14- 5 Breakout -10 Stochastics 14- 5 Value 53.7 Stochastics 30-15 Breakout -5 Stochastics 30-15 Value 73  Wilder Relative Strength     Criteria Value   Wilder 9 Day Breakout -11 Wilder 9 Day Value 54.9 Wilder 14 Day Breakout -11 Wilder 14 Day Value 56.7  Least Squares Projection     Criteria Value   Least squares 3 Year % Growth -13.7 Least squares 3 Year % Deviation 83.2 Least squares 5 Year % Growth 9.6 Least squares 5 Year % Deviation 28.5 Least squares 10 Year % Growth 13.5 Least squares 10 Year % Deviation 17.5  Other Technical Indicators     Criteria Value   McClellan Breakout N/A Price as % of High & Low 95 Price as % of High & Low (5 day avg) 42

The stock shows an intraday high of 29.750 and a low of 28.020 -a trading range of 6%. The last trade was at 29.210 volume showing 201,100 shares exchanging hands. The Moving Average is derived by calculating and charting a stock's average price for any specific time frame such as 10-days, 50-days or even 200-days. When plotted on a stock's price chart, this technical indicator provides a reference point for analyzing trends and performance. Given its positive divergence of greater than 25% from the 200-day moving average line, SFNT is charting a long-term uptrend. Demand for the stock has fueled notable price gains within the past six months. This is indication that the stock has been in demand with investors within the past ten weeks. If SFNT has recently broken above this intermediate term indicator, then a new uptrend could be underway. However, if the stock has pulled back or consolidated off of recent highs, watch for decreasing volume and volatility as indication of strength in its current trend. If SFNT shows to be near its 10-day moving average line but is below either its 50 or 200-day line, the stock might be reversing a downtrend or rallying in the short-term. Additionally, volume is an important indicator to consider in conjunction with the moving average lines. The higher the volume for a stock when it moves above or below its moving average lines, the more significant this technical divergence is for investors. The above report is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions.

QKFACT SFNT   78645R107 SafeNet, Inc.                                                   Market Guide Quick Facts Report   SafeNet, Inc.                  SYMBOL: SFNT            EXCHANGE:  NASD     PRICING DATA (AS OF)    06/06/03      RATIOS & STATISTICS Price                      28.91      Price/Revenue (TTM)         6.01 52 Week High               32.48      P/E (TTM)                     NM 52 Week Low                10.37      Price/Book (MRQ)            3.59 Beta                        2.61      Price/Cash Flow (TTM)         NM Avg Daily Vol (10 Day)      0.40 Mil  ROA (TTM)                 -10.67% Avg Daily Vol (3 Month)     0.26 Mil  ROE (TTM)                 -13.21%                                       Current Ratio (MRQ)         1.96 DIVIDEND INFORMATION                  Total Debt/Equity (MRQ)     0.00 Indicated Annual ($)        0.00 Yield                         NA%     NOTE: TTM = trailing twelve months                                             MRQ = most recent quarter       SHARE RELATED INFORMATION             SHORT INTEREST INFORMATION Market Cap. ($)          295.605 Mil  Current Month            1.987 Mil Shares Out.               10.225 Mil  Previous Month           0.000 Mil Float                      7.000 Mil  Short Interest Ratio       7.1 Day       INSTITUTIONAL & INSIDER OWNERSHIP                            PURCHASES     SALES      NET PURCH     %OWNED Institutions (3 Months)    3.336 Mil    1.464 Mil    1.872 Mil     86.1% Insiders     (6 Months)    0.000 Mil    0.190 Mil   -0.190 Mil     31.5%     BUSINESS SUMMARY      SafeNet, Inc. designs, manufactures and markets      network security technology and systems that enable the      deployment of secure Virtual Private Network solutions over      the Internet and other shared public networks.  For the 3      months ended 3/31/03, revenues totalled $14M, up from      $6.2M.  Net loss from cont. ops. totalled $9.7M, up from      $3.7M.  Results reflect the acquisition of Cylink, offset      by increased R&D write-off charges.                      REVENUES (Thousands of U.S. Dollars)   QUARTERS           2000            2001            2002            2003   MAR               5,838           5,640           6,154          14,014 JUN               6,471           3,134           7,428 SEP               7,633           3,602           8,827 DEC               8,884           4,086           9,826   TOTAL            28,826          16,462          32,235                             EARNINGS PER SHARE   MAR               0.050           0.140          -0.490          -1.060 JUN               0.120          -0.210           0.030 SEP               0.260          -0.020           0.110 DEC               0.360           0.070           0.220   TOTAL             0.790          -0.020          -0.130   11/95, private placement of 300K shares of Common Stock. FY'01 Q's are being restated for disc. ops.  11/00, Name changed from Information Resource Engineering, Inc.     GROWTH RATES     1 YEAR          3 YEAR          5 YEAR Revenue          95.82%          19.42%          15.03% EPS                 NM%             NM%             NM% Dividend            NM%             NM%             NM%