Entrust President and CEO John Ryan resigns

Santa Clara, CA and Plano, TX - Entrust Technologies Inc., announced today that its board of directors has accepted the resignation of John Ryan, president and chief executive officer. The resignation is effective immediately.

Alberto Yépez, board member and president of Entrust New Ventures, and David Thompson, executive vice president and chief financial officer, will act as interim co-CEOs while the company conducts a search for a new president and CEO.

"John Ryan has been the president and CEO since Entrust was founded in 1996, and he has been central to the company's growth and development. He helped establish Entrust as the leading provider of public-key Infrastructure (PKI) solutions and guided us through key strategic acquisitions. The most recent of these was the successful merger last year with enCommerce, which has given us the ability to offer innovative Trust Relationship Management solutions and has laid the groundwork for the next stage of the company's evolution," said James A. Thomson, Entrust chairman.

"Building Entrust has been an outstanding opportunity and a great experience," Ryan said. "Now, with the successful integration of enCommerce and Entrust complete, and after four years at Entrust and many years before that at Nortel Networks, I'm ready for a new challenge. With Entrust well positioned to extend its leadership in Trust Relationship Management solutions, the time is right for a change."

"Today, Entrust is a company with solid fundamentals in an excellent market with exciting potential for growth," Thomson said. "The board and John agreed that this was an opportune time for the company to seek new leadership with the specific skills needed to take Entrust to the next level."

About Alberto Yépez
Alberto Yépez is a member of the Entrust board of directors and president of Entrust New Ventures. Prior to the merger, Alberto was chairman, CEO and president of enCommerce. In addition, Alberto Yépez has held senior management positions in Apple Computer and Rae Technologies.

About David Thompson
David L. Thompson is executive vice president, finance and administration, and chief financial officer at Entrust. He is a 20-year veteran of Nortel Networks, Inc. and affiliates, for which he held several senior management positions. Most recently before joining Entrust, Thompson was vice president of finance for the Nortel Network's Enterprise Solutions global line of business.