HSBC Bank Argentina is the principal HSBC operating company in Argentina.The bank has around 130 branches throughout the country providing a full rangeof banking and financial products and services, including commercial, consumerand corporate banking, to over 1.2 million customers.

HSBC Argentina was the first bank in Argentina to offer its onlinecustomers a strong two-factor authentication solution and is the only bank toroll out DIGIPASS authentication devices for both its retail and corporateclients. The bank wanted to implement the highest security standard usingbest-of-breed solutions to protect their customers' accounts from unauthorizedaccess. Another important factor for a successful roll out was a high useracceptance. HSBC Argentina turned to VASCO to implement a secure,straightforward and user-friendly authentication solution. Today, HSBCArgentina has so far distributed some 200,000 Digipass Go 3 devices.

"VASCO is honoured that a renowned bank as HSBC Bank Argentina chose ourstrong authentication solutions to secure their online banking application,"said Jan Valcke, VASCO's President and COO. "We want to congratulate HSBC fortheir security awareness and with their visionary approach for using Digipassfor both their private and corporate customers."

About HSBC:

Headquartered in London, HSBC is one of the largest banking and financialservices organisations in the world. HSBC's international network comprisesaround 10,000 offices in 83 countries and territories in Europe, theAsia-Pacific region, the Americas, the Middle East and Africa. With listingson the London, Hong Kong, New York, Paris and Bermuda stock exchanges, sharesin HSBC Holdings plc are held by around 200,000 shareholders in some 100countries and territories. Through an international network linked by advancedtechnology, including a rapidly growing e-commerce capability, HSBC provides acomprehensive range of financial services: personal financial services;commercial banking; corporate, investment banking and markets; privatebanking; and other activities.

About VASCO:

VASCO is the number one supplier of strong authentication and e-signaturesolutions and services. VASCO has established itself as the world's leadingsoftware company specialized in Internet Security, with a customer base ofover 7,600 companies in more than 100 countries, including more than 1,150international financial institutions. VASCO's prime markets are the financialsector, enterprise security, e-commerce and e-government.

Forward Looking Statements:

Statements made in this news release that relate to future plans, eventsor performances are forward-looking statements. Any statement containing wordssuch as "believes," "anticipates," "plans," "expects," and similar words, isforward-looking, and these statements involve risks and uncertainties and arebased on current expectations. Consequently, actual results could differmaterially from the expectations expressed in these forward-lookingstatements.

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

For more information contact: Jochem Binst, +32 2 609 97 00,jbinst@vasco.com

SOURCE VASCO