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Trusted Transaction Solutions Provider to Contribute Security

Mountain View, Calif., February 21, 2001 Reaffirming its commitment to the m-Commerce arena, ValiCert, Inc. (NASDAQ:VLCT), a premier provider of trust solutions for business transactions, today announced that it has become a member of the WAP Forum. The WAP Forum is designed to propel the development and adoption of the wireless application protocol (WAP), which is an open, global specification that empowers mobile users with wireless devices to easily access and interact with information and services instantly. Currently, the WAP Forum serves as host to a number of leading firms, such as America Online, Charles Schwab & Co., Fidelity Investments, Hitachi Ltd., Microsoft Corp., Oracle Corp., Sun Microsystems, Visa International, and others. By joining the WAP Forum, ValiCert will make its transaction security expertise available to foster the continued growth of the wireless market and improve trust in mobile commerce.

(Note to editors: Please see release titled ValiCert Launches m-Commerce Express,
Designed to Enable Legal-grade Security for Wireless Transactions dated 2/20/01.)

The WAP Forum is dedicated to bringing together companies from the wireless industry value chain to ensure product interoperability and growth of the wireless market, said Scott Goldman, CEO of the WAP Forum. ValiCert is a key player in the trusted transaction infrastructure space, and we expect their contributions to the WAP Forum to play a leading role as high-value WAP applications continue to evolve.
ValiCert will continue to deliver trust for high value business transactions, and we are excited to be able to extend our leadership to the wireless arena, said Chini Krishnan, chairman and CTO for ValiCert. We consider the WAP Forum to be a premier organization designed for furthering this mission, and look forward to working closely with its members to enable applications to securely scale across transport options and device types in an open environment.

About the WAP Forum
The WAP Forum is the industry association responsible for developing and fostering the growth of the Wireless Application Protocol (WAP), an open, global standard that allows mobile users of wireless hand-held devices to easily and instantly access and interact with the Internet. The WAP Forum is comprised of more than 600 members, representing more than 99 percent of the handsets sold worldwide and more than 300 million global subscribers. Members include worldwide handset manufacturers, carriers, infrastructure providers, software developers and other wireless solution providers. For more information about the WAP Forum, including a current listing of its members, visit http://www.wapforum.org.

About ValiCert
ValiCert is a leading provider of trusted transaction infrastructure products and managed services for conducting business safely over the Internet. The companys open and neutral security solutions are designed to enable enterprises and service providers to protect all phases of the transaction lifecycle, regardless of which certificate authorities, payment vendors or applications are used. ValiCerts products and services are available through its direct sales force, resellers and global affiliate network.
ValiCert has technology and marketing alliances with a range of security, e-Commerce and wireless companies, as well as systems integrators. The companys customers include Global 2000 organizations in financial services, telecom, healthcare and government sectors. ValiCert is headquartered in Mountain View, California and has offices through out the US, Canada, Europe and Asia. ValiCert is available on the World Wide Web at http://www.valicert.com.
ValiCert, ValiCert m-Commerce Express, ValiCert Digital Receipt Solutions and ValiCert Validation Authority are trademarks of ValiCert, Inc. All other product and brand names are trademarks or registered trademarks of their respective owners.

Except for historical information, this press release includes forward-looking statements concerning the companys participation in the WAP Forum. These statements are denoted by phrases such as is designed to and other similar words. These forward looking statements are subject to a number of risks and uncertainties including the effectiveness of and the companys involvement in WAP Forum. These risks, as well as those reflected in the companys filings with the Securities and Exchange Commission, particularly the companys final prospectus dated July 27, 2000 may cause actual results to differ from those stated in this release.

The [email protected] Certified, [email protected] and WAP Forum marks are worldwide trademarks or registered trademarks of Wireless Application Protocol Forum Ltd.