Aladdin Announces Plans for a Follow On Offering

Aladdin Announces Plans for a Follow On Offering

TEL AVIV, Israel, Dec. 2 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems Ltd. (NASDAQ:ALDN) today announced its intention to make a follow on public offering of its ordinary shares in the United States. The current expectations are that the gross proceeds of the offering will be between $70 million and $80 million. The Company expects to file a registration statement with the Securities and Exchange Commission in the near future and to offer the shares following receipt of necessary approvals.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )

The Company cannot give any assurance that this offering will not be abandoned or modified due to market conditions or for any other reason. This press release is neither an offer to sell nor a solicitation of an offer to buy ordinary shares. A registration statement relating to the ordinary shares has not yet been filed with the Securities and Exchange Commission. The offer will be made only by the prospectus to be included in the registration statement. This press release is being issued pursuant to and in accordance with Rule 135 under the Securities Act of 1933.

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Photo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Aladdin Knowledge Systems Ltd.

CONTACT: Press, Matthew Zintel of Zintel Public Relations,
+1-310-574-8888, matthew@zintelpr.com ; Investor Relations, Mark Jones of
Global Consulting Group, +1-646-284-9414, mjones@hfgcg.com

Web site: http://www.ealaddin.com/


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