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Aladdin Knowledge Systems Confirms Receipt of Request for Extraordinary General Meeting of Shareholders

Friday 29. August 2008 - Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN), an information security leader specializing in authentication, software DRM and content security, today confirmed that it has received a request from Vector Capital to convene an Extraordinary General Meeting of Aladdin Shareholders to consider, among other things, certain changes to the composition of the Aladdin Board of Directors. Vector Capital is a shareholder and, through its wholly-owned subsidiary, SafeNet, Inc., a direct competitor of Aladdin.

The Board is reviewing the request.
Credit Suisse Securities (USA) LLC is serving as financial advisor to Aladdin. Kramer Levin Naftalis & Frankel LLP is serving as U.S. legal counsel and Herzog, Fox & Ne’eman is serving as Israeli counsel to the Company.