SafeNet Inc.

Walter W. Straub was appointed by the Board of Directors as the Chairman and interim Chief Executive Officer of the Company in October 2006. Mr. Straub has served as a director of the Company since March 2004. He was Chief Executive Officer and President of Rainbow Technologies, Inc. from its inception 1984 until March 2004, when Rainbow merged with SafeNet Inc. Mr. Straub led Rainbow's initial public offering in 1987 and secondary offering in 1991. Mr. Straub serves as a director of CAM Commerce Solutions, Inc. (NASDAQ: CADA), a provider of commerce solutions for traditional and web retailers. He received a bachelor's degree in electrical engineering and a master's degree in finance from Drexel University. He is a member of the Board of Trustees of Drexel University and serves on the Concordia University President's Advisory Council. In 1993, Mr. Straub was named Orange County, CA Technology Entrepreneur of the Year.

Andrew E. Clark has served as a director of the Company since 2001. He is Chairman and President of Wheatfield Ventures, LLC, a private equity firm concentrating on early stage investing within the technology sector. Mr. Clark sits on the Advisory Board of Spring Capital Partners, L.P., a small business investment company providing subordinated mezzanine debt financing in the Mid-Atlantic region, and is also a member of the board of directors of Howard Bancorp. From October 1997 through December 2000, Mr. Clark held various executive positions with Verio, Inc., including President of the eBusiness/ Custom Web Development and East Regional business units. Mr. Clark began his career as a professional at KPMG Peat Marwick. He received his B.S. degree in Accounting from Washington and Lee University and is a Certified Public Accountant in the State of Maryland.