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February, 24, 2004

SecuryCast Oy and On2 Technologies, Inc. Team Up for VOD in Scandinavia - High Penetration
Broadband Market Ideal for Next Generation Video Viewing

NEW YORK, U.S.A., February 24, 2004 -- On2 Technologies, Inc. (AMEX:ONT) ( www.on2.com ),
today announced that Vantaa, Finland-based SecuryCast Oy will use On2's VP6 codec in its new
video-on-demand service for Finland and other Scandinavian markets. On2 will be paid an initial
license fee and a portion of the fee from each subscriber.
The service will use the new SecuryCast "Better Content Security" to protect the video assets used
by the subscribers.

"Finland has the level of broadband penetration necessary for this type of service and the
SecuryCast system, particularly the leading-edge Better Content Security, represents the
kind of technology that will be necessary here and in other countries to bring video on demand to
large numbers of people,"
said Douglas A. McIntyre, Chairman, President and Chief Executive Officer of On2.