Long-Term Strategic Growth Plan Still on Track

MISSISSAUGA, Ontario – (October 26, 2005)– Certicom Corp. (TSX: CIC) today announced that its results for the second quarter of fiscal 2006, ending October 31, 2005, are expected to be below market expectations, primarily as a result of the timing of closing anticipated second quarter contracts. Revenue for the second quarter is expected to be in the range of $1.9 million to $2.2 million. All figures are in U.S. dollars.

"Certicom is at various stages of the sales cycle with a number of multinational corporations. These large, multi-year contracts that we are increasingly focused on take longer to conclude, so the timing has been pushed out to future quarters," said Ian McKinnon, President and Chief Executive Officer. "We are confident that our strategic growth plan is on track and our long-term outlook for Certicom remains positive. Our priority is to conclude as many agreements as possible, with a focus on building recurring revenues to deliver sustainable, profitable growth."

There is continuing evidence of growing ECC adoption and high levels of interest, from both the private sector and public sector. ECC is now designated by the NSA as the public-key technology for both classified and sensitive but unclassified information, which means all government departments, agencies and suppliers will need to use it.

Last month, Certicom announced that Japan-based D&M Holdings, makers of the popular Denon, Marantz, and other brands, licensed Certicom ECC patents to implement Digital Transmission Content Protection (DTCP) in many of their products. This was an important first for Certicom as it pushes ECC into the Digital Rights Management (DRM) arena and is a significant validation of its intellectual property portfolio in the consumer electronics market.

Certicom expects to announce its second quarter results on December 8, 2005. The Company has issued this revenue guidance for the second quarter in response to the fact that analyst forecasts differ significantly from the Company's expected results. It is Certicom's practice not to provide guidance on revenue or earnings, and the Company will maintain this policy. Certicom does provide quarterly guidance on operating expenses, and today reconfirmed that operating expenses in the second quarter of fiscal 2006 including cost of sales and bonus accrual, are expected to range from $3.8 million to $4.1 million.

About Certicom
Certicom protects the value of your content, software and devices with government-approved security. Adopted by the National Security Agency (NSA) for classified and sensitive but unclassified government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the undisputed leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, ON, Canada with worldwide sales headquarters in Reston, VA and offices in the US, Canada and Europe. Visit www.certicom.com

For further information, please contact:

For Certicom    
Tim Cox Brendan Ziolo  
ZingPR Certicom Corp.  
(650) 369-7784 (613) 254-9267  
tim@zingpr.com bziolo@certicom.com
Certicom, Certicom Security Architecture, Certicom Trust Infrastructure, Certicom CodeSign, Certicom KeyInject, Security Builder, Security Builder API, Security Builder BSP, Security Builder Crypto, Security Builder ETS, Security Builder GSE, Security Builder IPSec, Security Builder NSE, Security Builder PKI and Security Builder SSL are trademarks or registered trademarks of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to the acceptance of mobile and wireless devices and the continued growth of e-commerce and m-commerce, the increase of the demand for mutual authentication in m-commerce transactions, the acceptance of Elliptic Curve Cryptography (ECC) technology as an industry standard, the market acceptance of our principal products and sales of our customer's products, the impact of competitive products and technologies, the possibility of our products infringing patents and other intellectual property of fourth parties, and costs of product development. Certicom will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect Certicom's financial results is included in the documents Certicom files from time to time with the Canadian securities regulatory authorities.
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