Press Releases Certicom Reports Third Quarter Results Quarterly revenue increased 185% over previous year HAYWARD, Calif., February 24, 2000 - Certicom Corp., a leading provider of mobile e-business security, today announced its results for the third quarter of the 2000 fiscal year. For the three months ended January 31, 2000, revenue was approximately $3.3 million, a 185% increase over revenue of approximately $1.1 million in the same period in fiscal year 1999. This also represents a 27% increase over revenue of approximately $2.6 million reported in the quarter ended October 31, 2000. "Our results this quarter were driven by successes in all key market areas," said Rick Dalmazzi, president and CEO of Certicom. "Particularly satisfying is the growth in our wireless business, which accounted for over 70% of the licensing announcements we made this quarter." Total operating expenses for the third quarter of the 2000 fiscal year were approximately $4.6 million compared to $3.7 million in the same period of the 1999 fiscal year. "Expense increases resulted from the addition of new personnel and marketing expenses associated with launching our new products and supporting ongoing sales efforts," said Rich Brounstein, chief financial officer of Certicom. "In addition, we expanded our facilities to accommodate the relocation of our center of operations to Silicon Valley." The third quarter net loss of $5.3 million or $0.47 per share includes goodwill and amortization charges of approximately $3.8 million, compared to a net loss of $6.0 million or $0.55 per share for the same period last fiscal year, which included goodwill and amortization charges of $3.7 million. New Licensees During the third quarter, Certicom's sales and business development team successfully closed a number of new licensing agreements in the wireless market segment. Applications included mobile data synchronization, financial software for stock trading and wireless banking, and wireless network infrastructure (including WAP proxy servers and browsers, and wireless middleware). The Company also added a number of new customers in other key market areas, including enterprise security, content protection, health care, smartcards and enterprise e-business software. Certicom announced licensing agreements with wireless technology leaders including Advanced Trading, Datamaxx, Extended Systems, Nettech Systems, Puma Technology, QUALCOMM, The EDGE and Yodlee.com. Additionally, the Company announced that Critical Path, CyberSafe, DataKey, DigitalOwl.com, eCertain and Sybase will join its growing list of enterprise e-business customers. New Products This quarter marked the release of a variety of new products for wireless security. WTLS Plusд builds on Certicom's leadership position in developing Internet-standard SSL and elliptic curve cryptography (ECC) security technologies to enable wireless e-commerce and secure enterprise connectivity inside any wireless or WAP computing environment. Through the acquisition of Trustpoint of Mountain View, CA, Certicom announced its entry into the PKI marketplace. Trustpointд, a comprehensive line of flexible, cross-platform public key infrastructure (PKI) products, allows OEMs to develop applications with digital certificate services "built-in." This quarter, Certicom also announced MobileTrustд, a digital certificate service that enables Palm Computing handheld computers, WAP phones, RIM wireless handhelds and other small form factor devices to perform secure stock trades, online banking, e-mail and other business and e-commerce transactions. Initial MobileTrust customers include 724 Solutions, Aether Systems, and AvantGo. New Professional Memberships This quarter, Certicom joined the Radicchio initiative, a global alliance focused on defining a standard security platform for wireless e-commerce. Certicom will work together with founding members Sonera SmartTrust, Gemplus, and EDS (Electronic Data Systems), to promote the use of an environment based on public key infrastructure (PKI) technologies, allowing secure electronic transactions to take place over wireless networks. The Company also announced that it has joined the Trusted Computing Platform Alliance (TCPA). Certicom will work together with founding members Compaq, Hewlett-Packard, IBM, Intel and Microsoft, to establish an open industry specification for personal computing security technologies. Certicom also announced that the Standards for Efficient Cryptography Group (SECG) membership is growing, with the addition of the National Institute of Standards & Technology (NIST), Racal Security & Payments, Unisys and VeriSign. About Certicom Certicom is a leading provider of mobile e-business security technology used to build strong, fast, and efficient security solutions. Major computing and communications companies, such as 3Com/Palm Computing, BellSouth Wireless Data, Hewlett-Packard, Motorola, Pitney Bowes, QUALCOMM and VeriFone, incorporate Certicom's technology into electronic commerce software, wireless messaging applications, and smart cards. Certicom is a leading source for a complete range of OEM security products and services, including cryptographic toolkits, custom implementations, and security integration services and consulting. Certicom's worldwide sales and marketing operations are based in Hayward, California, with cryptographic research and product development in Toronto, Canada. Certicom shares are traded on the Toronto Stock Exchange under the symbol "CIC." For more information, visit Certicom's Web site at http://www.certicom.com. # # # Certicom is a registered trademark of Certicom Corp. WTLS Plus, Trustpoint, and MobileTrust are trademarks of Certicom Corp. All statements contained in this press release that are not purely historical are forward looking statements including among other things, statements regarding Certicom's expectations, beliefs, intentions, or strategies regarding the future. Our actual results could differ significantly from those anticipated in these forward-looking statements as a result of the risks identified in the documents that we file with the Ontario Securities Commission and other securities regulatory authorities from time to time including our current Annual Information Form. For further information, please contact: Rich Brounstein CFO Certicom Corp. (510) 780-5325 rbrounstein@certicom.com David Krane Director of Corporate Marketing Certicom Corp. (510) 780-5420 dkrane@certicom.com   CONSOLIDATED FINANCIAL STATEMENTS (in US$000's) CONSOLIDATED STATEMENTS OF OPERATIONS 3 months ended 9 months ended   Jan. 31, 2000 Jan 31, 1999 Jan 31, 2000 Jan 31, 1999 Sales $3,309 $1,160 $8,069 $2,594 Cost of sales 186 3 361 32   3,123 1,157 7,708 2,562 Expenses         Research and development 1,028 767 2,576 2,495 Selling and marketing 2,178 1,885 5620 5,094 General and administrative 1,382 1,029 4,230 2,810 Scientific research tax credits - - - (406)   4,588 3,681 12,426 9,993 Loss before interest, taxes, depreciation and amortization (1,465) (2,524) (4,718) (7,431) Interest income 9 294 (12) 1,064 Depreciation and amortization (3,846) (3,733) (11,340) (7,408) Loss before income taxes $ (5,302) $ (5,963) $ (16,070) $ (13,775) Income taxes - (38) (134) (289) Net loss for the period $ (5,302) $( 6,001) $ (16,204) $ (14,064) Net loss per share $ (0.47) $ (0.55) $ (1.47) $ (1.34) Weighted average shares outstanding 11,174 10,827 11,014 10,522 CONSOLIDATED STATEMENTS OF CASH FLOWS  3 months ended 9 months ended   Jan. 31, 2000 Jan 31, 1999 Jan 31, 2000 Jan 31, 1999 Cash provided by (used for):         Operating activities         Net loss for the period $ (5,302) $( 6,001) $ (16,204) $ (14,064) Depreciation and amortization 513 463 1,341 975 Amortization of acquired intangibles 3,333 3,270 9,999 6,433 Net change in non-cash balances (588) (241) (2,047) (201)   (2,044) (2,509) (6,911) (6,857) Investing activities       Business acquisitions 182 (528) 182 (4,371) Investments in patents, fixed and other assets (1,817) (620) (3,687) (1,093)   (1,635) (1,148) (3,505) (5,464) Financing activities         Lease Inducement 838 - 838 - Issuance of common shares 2,732 79 3,024 256   3,570 79 3,862 256 Decrease in cash for the period (109) (3,578) (6,554) (12,065) Cash, beginning of period 7,635 21,354 14,080 29,841 Cash, end of period $ 7,526 $ 17,776 $ 7,526 $ 17,776 CONSOLIDATED BALANCE SHEETS As at As at   Jan 31, 2000 Apr. 30, 1999 Assets     Current assets $ 13,322 $ 17,193 Fixed assets 5,087 2,837 Patents and other assets 1,284 1,159 Acquired intangibles 16,945 16,735   $ 36,638 $37,924 Liabilities & equity     Current liabilities $ 2,021 $ 1,727 Deferred revenue 778 402 Lease inducements 1,153 315 Capital stock (11,391,301 shares outstanding; 10,911,877 at 4/30/99) 79,301 68,221 Contributed surplus 7,973 5,643 Deficit (54,588) (38,384)   $ 36,638 $37,924

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