Aladdin Knowledge Systems Ltd. to Receive Approximately $3.0 Million Distribution from Tamir Fishman Investments

Aladdin Knowledge Systems Ltd. to Receive Approximately $3.0
Million Distribution from Tamir Fishman Investments 


TEL AVIV, Israel, April 11  /PRNewswire-FirstCall/ -- Aladdin Knowledge
Systems, Ltd. (NASDAQ:ALDN) today announced that it has been notified by Tamir
Fishman Venture Management II Ltd. that, as a result of two exit transactions
for portfolio companies of a Tamir Fishman-managed fund in which Aladdin has
invested, the fund would be making distributions in cash and shares to its
investors.  The distribution to Aladdin is expected to total approximately $3.0
million, consisting of $970,000 in cash and approximately $2.0 million in
shares of Class A common stock of Agere Systems (NYSE:AGR.A). Approximately 15
percent of the distribution will be held in escrow for approximately one year
to cover potential obligations of the portfolio companies to the buyers.

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  About Aladdin


Aladdin Knowledge Systems Ltd. is a global provider of security solutions that
reduce software theft, authenticate network users and protect against unwanted
Internet and e-mail content, including spam and viruses. Its security products
are organized into two segments: Software Digital Rights Management (DRM) and
Enterprise Security.  Aladdin's Software DRM products allow software publishers
to limit revenue loss from software theft and piracy.  Its Enterprise Security
solutions enable organizations to secure their information technology assets by
controlling who has access to their networks (authentication) and what content
their users can utilize (content security). Visit the Aladdin Web site at
http://www.aladdin.com/ .

Safe Harbor Statement

Certain information presented herein constitutes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. 
Such forward-looking statements are subject to known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.  Such factors include general economic and business
conditions, the loss of market share, changes in the competitive landscape and
other factors over which the company has little or no control. 

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DATASOURCE: Aladdin Knowledge Systems, Ltd.



CONTACT:  Press, Matthew Zintel of Zintel Public Relations,

[phone],  , or Investor Relations, Mark Jones of

Global Consulting Group, [phone],  



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

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