C2SAT’S STOCK OPTION RIGHT PROGRAM SUBSCRIBED TO 94,7 PERCENT

(NGM:C2ST)

Stockholm, Sweden, 1 July 2009 – C2SAT (NGM-Stock Exchange, C2ST)

• 112 048 933 shares were subscribed in the stock option right program, which closed yesterday, the 30th of June 2009

• The amount subscribed equals approximately 94,7 percent of the total stock option rights program

• The issue will bring C2SAT proceeds of approximately 44,8 MSEK before issue costs

Through the stock option right program the total amount of outstanding shares in C2SAT will increase by 112 048 933 shares to 467 008 555 shares, each with a quotient value of 0,13 SEK. Consequently C2SAT’s share capital will increase by 14 566 361 SEK to 60 711 112 SEK. The issue will bring C2SAT proceeds of approximately 44,8 MSEK before issue costs.

Mangold Fondkommission AB is financial advisor for C2SAT in the transaction.

For further information, please contact:

Lars Davås, CFO

C2SAT holding AB (publ)

Dalvägen 16, 169 56 Solna

Tel: +46-(0)8-748 01 40

lars.davas@C2SAT.se

www.C2SAT.se

About C2SAT

C2SAT headquartered in Solna, Sweden, is a Swedish company developing, manufacturing, marketing and selling innovative stabilised VSAT antenna systems used in two-way satellite broadband communication from vessels in motion. The system is protected by a series of global patents. C2SAT holding AB is listed on the NGM Stock Market Exchange with the ticker C2ST and with Mangold as Market Maker. C2SAT is a registred trademark.

This press release may not, either directly or indirectly, be announced, published or distributed in or to the USA, Australia, Japan, New Zealand, South Africa or Canada or any other country where such an action would be either fully or partially subject to legal restrictions. This press release does not constitute an offer to purchase, subscribe to or in any other way trade with securities in C2SAT. The offer is not intended for people whose participation requires further prospectus, registration or other measures than those required by Swedish law. None of the securities in C2SAT will be registered in accordance with the United States Securities Act of 1933, nor any equivalent law in any state in the USA or applicable law in any other country.