COPENHAGEN, Denmark, Oct 22, 2003 (BUSINESS WIRE) -- - EuroTrust gains favorable sales agreement from successfully turning hosting activities profitable!

EuroTrust A/S (Nasdaq ADS: EURO) today announced it has completed and finalized the sale of its hosting subsidiary, EuroTrust Secure Hosting A/S, to Mondo, a high profile Danish IT-company. The parties have furthermore agreed to forge a strategic alliance to offer digital signatures to the costumers of Mondo both within hosting and other business areas.

EuroTrust Secure Hosting was created in December 2001 when the wholly owned subsidiary Digiweb was merged with DHT Hosting ApS. At this point Digiweb was unprofitable, but merging with DHT and thereby implementing state-of-the-art automated hosting systems has turned EuroTrust Secure Hosting into a profitable company. The streamlining of the hosting activities has proven crucial to gain profits in the strongly competitive web hosting market and is the prerequisite for the successful sale of the subsidiary.

"I am very pleased with the outcome of our strategy regarding EuroTrust's hosting activities. We carried out the necessary adjustments a few years ago and today we are able to sell a profit generating company", said Chief Operating Officer Brian Mertz Pedersen. "By ensuring a strategic alliance with Mondo to market our security products we are able to continue positioning EuroTrust as a leading security company".

The sale of EuroTrust Secure Hosting is part of the management's constant strive to focus on digital the e-security strategy based on the affiliate agreement with VeriSign. As the hosting market is very competitive and requires total focus EuroTrust has decided to take in the value of the hosting activities and thereby enable focus on core activities and reduce the overall risk. Mondo on the other hand has a strong focus on the hosting market.

"The costumer port folio of EuroTrust Secure Hosting is well suited for the business model of Mondo and will significantly enhance our volume", said Managing Director Anders Christian Andersen. "As we always approach our costumers with regard for current and future needs we are furthermore very pleased to be able to add the highly branded VeriSign security products to our palette."

As part of the agreement EuroTrust and Mondo have forged a strategic alliance under which EuroTrust's digital signatures will be offered to the customers of Mondo both within hosting and other business areas. This alliance poses great potential due to the positive development of the market and Mondos strong position.

About Mondo A/S:

Mondo A/S is an IT-company that creates business advantages through the use of Internet thus developing and hosting advanced solutions critical to customer businesses. The company consists of about 30 experienced and highly educated employees working within the areas of strategic consultancy, concept and design, development and system integration, project management as well as managed hosting.

More information about Mondo is available at
http://www.mondo.dk/.

About EuroTrust A/S:

Formed in 1986, EuroTrust (Nasdaq ADS: EURO) is the largest Affiliate of VeriSign Inc. worldwide and the leading provider of trusted PKI-infrastructure services to Web sites, enterprises, electronic commerce service providers and individuals throughout Europe. EuroTrusts digital security offerings are available via its Web site (www.eurotrust.dk), direct sales force, and reseller partners in Europe.

EuroTrust operates in Denmark, Sweden, Norway, Finland, Austria, Switzerland, and Italy. More information about EuroTrust and its subsidiaries is available at http://www.eurotrust.dk/.

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 euro909.com is contained in publicly filed disclosures available through the SEC's Public Reference Branch or from the company's Investor Relations Department.

SOURCE: EuroTrust

EuroTrust
Aldo Petersen, +45-3954-0000
aldo@eurotrust.dk
or
Brian Mertz Pedersen, +45 3954-0000
mertz@eurotrust.dk
or
Bertel Jensen, +45-3954-0000
investor@eurotrust.dk

For more information: