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| August 4, 1999
NW_19990804_VASCO Data Security Announces Second Quarter Results

OAKBROOK TERRACE, ILLINOIS and BRUSSELS, BELGIUM – August 4, 1999 – VASCO Data Security International, Inc. (OTCBB: VDSI) today announced its consolidated financial results for its second quarter ended June 30, 1999. Revenues for the quarter increased 26% to $4,451,000, up from $3,525,000 for the second quarter of 1998. Total revenue for the six months ended June 30, 1999, increased 46% to $8,759,000, up from $6,138,000 over the same period of 1998.