PRESS RELEASE : April 5, 2004

Voltage Security Provides Worldwide Email Security for XL Global

PALO ALTO, CA — April 5, 2004 —Voltage Security, Inc., provider of secure business communication solutions, today announced that XL Global Services Inc. (XLGS) has selected Voltage SecurePolicy Suite™ and Voltage SecureMail™ as its global standard for providing email security at XLGS and its affiliated companies.  Of the more than 3400 users, one-third will be remote users with encryption support provided for both standard laptops and mobile devices. Additionally, Voltage SecureMail will provide digital signature support to verify email sender.

“Company policy requires confidential information be protected at all times including when sent via email. As a global organization, we required a flexible solution that would allow us to comply with the various laws and regulations enacted throughout the world that impact both the security and privacy of information,” said Thomas Dunbar, Global IT Chief Security Officer at XLGS. “We reviewed a number of different options including traditional PKI and concluded that Voltage SecurePolicy would provide us with a usable, scalable, low cost-of-ownership solution that supports our policy, regulatory, and budgetary requirements.”

“The XLGS deployment demonstrates the immense value of Voltage technology in a large, global organization with complex compliance needs,” said Sathvik Krishnamurthy, president and CEO of Voltage Security, Inc. “Because Voltage can provide secure ad-hoc messaging, serving remote users is a particular strength. And, our ease-of-use makes training a non-issue for a company like XLGS.”

About XL Global Services Inc.
XL Global Services Inc. and its sister companies provide shared services functions such as Information Technology support to the XL Capital group of companies.   XL Capital Ltd (NYSE:XL), through its operating subsidiaries, is a leading provider of insurance and reinsurance coverages and financial products and services to industrial, commercial and professional service firms, insurance companies, and other enterprises on a worldwide basis. As of December 31, 2003, XL Capital Ltd had consolidated assets of approximately $40.8 billion and consolidated shareholders' equity of approximately $6.9 billion. More information about XL Capital Ltd is available at www.xlcapital.com.

About Voltage Security
Voltage Security, Inc. provides the market leading Voltage Enterprise Privacy Management Platform™, a breakthrough foundation for securing all forms of digital business communication flowing into and outside an organization. Based on a revolutionary breakthrough called IBE, or Identity-Based Encryption, the Voltage Enterprise Privacy Management Platform greatly simplifies the use and administration of traditional security systems. Voltage Security markets its own enterprise solutions including the Voltage SecureMail Gateway™, Voltage SecureMail™ and secure mobile messaging solutions for RIMs BlackBerry® and Microsoft Windows Mobile-based Pocket PCs and Smartphones, and partners with other leading companies such as CipherTrust, FrontBridge Technologies (a Microsoft company) and Proofpoint to serve the expanded security needs of the enterprise. Third-party and corporate developers can secure customer applications with the Voltage IBE Toolkit™. Voltage Security customers include leading corporations and governmental agencies from around the globe including XL Global Services, Waterfield Mortgage, QVC Japan and Hitachi.

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Voltage SecurePolicy Suite and Voltage SecureMail are either trademarks or registered trademarks of Voltage Security, Inc. All other product names and trademarks are the property of their owner.