ActivCard Announces Extension of Follow-on Tender Offer Period for Exchange of ActivCard S.A. Securities

FREMONT, Calif., and SURESNES, France, July 3 /PRNewswire-FirstCall/ — ActivCard Corp. (Nasdaq: ACTI; Nasdaq Europe: ACTI) today announced that it is extending its current tender offer to acquire the minority interest in ActivCard S.A. not currently held by ActivCard Corp. from 12:00 midnight, New York City time, on July 7, 2003, for an additional five business days, until 12:00 midnight, New York City time, on July 14, 2003. The tender offer is being extended following ActivCard’s announcement today of its projected revenues and earnings for the second fiscal quarter. ActivCard intends to file a supplement to its prospectus, dated June 24, 2003, that will include this projected financial data.

Holders of ActivCard S.A. securities may obtain information and copies of the prospectus and prospectus supplement from the information agent, Innisfree M&A Incorporated, at the following numbers: in the U.S. and Canada, call toll-free at 1-877-750-5836; in the European Union, call toll-free at 00-800-7710-9970; banks, brokers and others, call collect at 212-750-5833.

About ActivCard
ActivCard, www.activcard.com, is the leader in IDentity Management (IDM) software for remote access, secure sign-on and digital ID card solutions. Our scalable IDM and strong authentication solutions are trusted by organizations — from enterprise to governments around the world. ActivCard IDM systems deliver maximum Return On Identity(TM) (ROI) through increased security, reduced cost, and user convenience. The modular product design allows our customers to add capabilities as required, preserving their investment.

Additional Information
We have filed a registration statement, including a prospectus, and other related documents in connection with the exchange offer. We urge investors to read these documents because they contain important information applicable to ActivCard, the exchange offer and related matters. Investors will be able to obtain any documents filed with the SEC relating to the transaction free of charge from the SEC’s website at www.sec.gov.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such jurisdiction.

The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including risks related to the exchange offer identified in the registration statement on Form S-4 (file no. 333-105558) filed with the Securities and Exchange Commission (“SEC”). Actual results, events and performances may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ActivCard disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

NOTE: ActivCard is a registered trademark and ActivCard Return on Identity is a trademark of ActivCard in the United States and/or other countries. All other trademarks are the property of their respective owners in the United States and/or other countries.




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