Entrust Appoints Dave Carey President and Chief Operating Officer

Former Scott Paper Company Worldwide Consumer Products Division President and Wharton Professor Joins Entrust to Help Drive Company Growth

11 May 2004

DALLAS - Entrust, Inc. [NASDAQ: ENTU], a world-leading provider of Identity and Access Management solutions, today announced the immediate appointment of Dave Carey to the role of president and chief operating officer. Dave Carey will report to Bill Conner, who will continue to lead the company in his role as chairman and chief executive officer.

"I am extremely pleased to have Dave Carey join as president and chief operating officer of Entrust," said Bill Conner, chairman & CEO. "Dave's more than 35 years of experience and leadership bring depth to the leadership team of the company for executing a growth strategy. Having worked with Dave for almost 18 years in various capacities, including the past three years at Entrust, I know he will be a valued team member."

Dave Carey has worked with Entrust in a number of consulting roles over the past three years, primarily helping pioneer and guide the company's customer value add (CVA) program alongside Bill Conner. This program surveys customer perception on the company's performance in all aspects of the business - from marketing to product development to customer support - then initiates appropriate action in each area to improve business results and increase customer value.

"After working with the excellent team at Entrust over the past three years, I am keen to join the company and to work closer as it moves to its next stage of evolution," said Dave Carey, president and chief operating officer, Entrust, Inc. "The identity and access management market is a growing and exciting space and I believe my business skills can help grow and evolve the leadership position that Entrust has already achieved in this area."

As president and COO at Entrust, he will be responsible for Marketing, Products, Professional Services, Business Development, Entrust Cygnacom, Information Technology and Information Services. Mr. Conner will continue to manage the Sales, Finance, Governance and Human Resources organizations.

A former Scott Paper Company executive who grew each of the multi-billion dollar consumer products division businesses to a number one market share position in the industry, Dave Carey brings a broad mix of business acumen to Entrust. His range of expertise includes new business development, product management, marketing research, advertising, mergers and acquisitions, and executive leadership development. After leaving Scott in 1990, Carey joined Shimer Van Cantz advertising agency as President. He later established his own consulting and executive development firm. Carey's client list includes AT&T, Carnival Cruise Lines, The Sands Hotel and Casino, Campbell Soup, Bethlehem Steel, Wal-Mart and the U.S. Postal Service. Carey holds an MBA from the Wharton School of Business in Pennsylvania, was a professor at Wharton from 1991 to 1993 and is currently a visiting lecturer at the school for marketing and management courses.

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. Entrust is a registered trademark of Entrust Limited in Canada. All other Entrust product names and service names are trademarks or registered trademarks of Entrust, Inc or Entrust Limited. All other company and product names are trademarks or registered trademarks of their respective owners.