ALADDIN RELEASES NEW MAKEBUNDLE FOR MAC SOFTWARE DEVELOPERS

MakeBundle Is A FREE Developer Tool to Convert Single-File Applications to
Bundle-Applications via Drag and Drop

Watsonville, CA - March 17, 2003 - Aladdin Systems, Inc., an Aladdin
Systems Holdings, Inc. (OTC BB: ALHI) company, today released
MakeBundle(tm) 2.0.1, a 1.1 MB application designed to simplify the process
of creating bundled applications, libraries, or plugins from the Metrowerks
CodeWarrior(R) programming environment. Although CodeWarrior provides the
ability to create bundles, MakeBundle streamlines the process down to a
simple drag & drop.

"We created MakeBundle to make our own development process more efficient,
and realized other software developers would benefit as well," said Chris
Silverberg, MakeBundle engineer. "Aladdin is pleased to be able to share it
with the development community."

System Requirements
Mac OS X 10.1 or higher.

Pricing and Availability
MakeBundle is FREE to software application developers and is available for
immediate download at:
http://www.aladdinsys.com/makebundle/

Aladdin Systems, Inc: The Leader in Access Management(tm) Founded in 1988,
Aladdin Systems, Inc., a wholly owned subsidiary of Aladdin Systems
Holdings, Inc. (OTC BB: ALHI), develops and publishes award-winning
business and consumer products. Aladdin's software offers a range of
solutions to increase user efficiency in the areas of information access,
removal, recovery, security and Internet distribution.

Aladdin is located at 245 Westridge Drive, Watsonville, CA 95076, USA;
phone: +1(831)761-6200; Fax: +1(831)761-6206. For more information on
Aladdin, visit its Web site at: (http://www.aladdinsys.com) or e-mail:
(info@aladdinsys.com).