NW_20031029_VASCO’s Chairman & CEO and CFO To Present at AeA Classic Technology

October 29, 2003

October 29, 2003 - - VASCO Data Security International, Inc (Nasdaq: VDSI), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that its Chairman and CEO, Mr. Ken Hunt and its CFO, Mr. Cliff Bown, will be presenting at the upcoming AeA Classic Technology Conference, to be held November 2-5, 2003 at the Sheraton Hotel & Marina San Diego, California. VASCO’s presentations will take place on Tuesday November 4, starting at 2 pm local time, and on Wednesday November 5, starting at 8 am local time.

AeA has been bringing together high-tech companies with the very best of the financial community for over 32 years.

AeA has been bringing together high-tech companies with the very best of the financial community for over 32 years. During this conference, 200 + AeA member companies will present their corporate message to more than 800 key technology investors. The conference venue matches Technology Company Executives with; Research Analysts, Securities Analysts, Buy-Sell Decision Makers, Investment Bankers, Technology Investment Influencers, Key Portfolio Managers and Corporate Investors.

About VASCO:
VASCO designs, develops, markets and supports patented "Identity Authentication" products for e-business and e-commerce. VASCO's Identity Authentication software is delivered via its Digipass security products, small "calculator" hardware devices carried by an end user, or in a software format on mobile phones, other portable devices, and PCs. For user access control, VASCO's VACMAN products guarantee that only designated Digipass users get access to the application. VASCO's target markets are the applications and their several hundred million users that utilize fixed passwords as security. VASCO's time-based system generates a "one-time" password that changes with every use, and is virtually impossible to hack, or break. With 10 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong Identity Authentication with 250 international financial institutions, approximately 1400 blue-chip corporations, and governments representing more than 60 countries.

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 statements.

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.

More information is available at www.vasco.com.

For more information contact:
Media: Jochem Binst: +32 2 456 9810, [email protected]
Investor Relations: Tony Schor, President, Investor Awareness, Inc.:
847-945-2222, [email protected]