NW_20001122_en_VASCO Finalizes Registration Statement for Existing Shares

November 22, 2000

OAKBROOK TERRACE, Ill. – November 22, 2000 – VASCO Data Security International, Inc. (NASDAQ & EASDAQ: VDSI), a global provider of enterprise-wide security solutions, announced today that it has received approval from the US Securities and Exchange Commission for the amended selling shareholder registration statement filed last week. The registration statement was filed on behalf of several shareholders who received restricted common stock as part of VASCO's $11.5 million private financing in April 1999, its acquisition of Invincible Data Systems, Inc. in August 2000, and its $15.0 million financing with Ubizen NV in July 2000. Dennis D. Wilson, Executive Vice President and Chief Financial Officer of VASCO, noted that, “The acceptance of the filing by the SEC means that virtually all of the current VASCO outstanding shares are now fully registered shares. This is in accordance with the Company's policy to file registrations from time to time to ensure that the Company's equity is fully registered according to US securities laws.” No additional shares of common stock were issued as a result of the filing.

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The company's family of Digipass® and SnareWorks(TM) products offers end-to-end security through strong authentication and digital signature, true Single Sign-On, access control and advanced entitlements, web portal security, and PKI enablement, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries, among them ABN AMRO Bank, Shell, 3M, Ericsson, Rabobank, SEB, First Union, Liberty Mutual, Cable and Wireless, Nokia, DaimlerChrysler, Volvo, US Department of Defense, European Commission, US Coast Guard, University of Groningen, and Duke University. VASCO's partners include Check Point Software Technologies, Computer Associates, Intel, Netlife, Novell, Proton World, and Ubizen. More information is available at www.vasco.com.

Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking

Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information contact:

Media: Kerry Roche
Bridgeman Communications
+1 617 742 7270,
[email protected]

Investor Relations: Todd Fromer
KCSA Public Relations Worldwide
+1 212 682 6300
[email protected]

VASCO: Mike Lange
+1 630 932 8844
[email protected]

Media (Benelux): Bob Pieters
Anthonissen & Associates
+32 3 286 7777
[email protected]

Media (Europe/Asia): Sven Kersten
+49 89 99 38 87 33
[email protected]

Investor Relations: Annemieke Blondeel
+44 208 308 7080
[email protected]

VASCO: Ariane Bosmans
+32 2 456 9810
[email protected]