Trend Micro Announces Stock Repurchase Program

Tokyo, Japan - July 23, 2002 - Trend Micro Inc (TSE: 4704; Nasdaq: TMIC), a worldwide leader in network antivirus and Internet content security solutions, today announced that its Board of Directors has authorized the company to repurchase up to 1,000,000 shares of its common stock with an aggregate value of no more than 2.8 billion yen.