ANNUAL FINANCIAL STATEMENTS FOR 2008 APPROVED BY THE BOARD OF DIRECTORS

ANNUAL FINANCIAL STATEMENTS FOR 2008 APPROVED BY THE BOARD OF DIRECTORS

The Board of Directors of Simrad Optronics ASA has approved the financial statements for 2008.

Compared to the preliminary results for 2008 presented in the interim financial reporting for the 4th quarter 2008 there are no substantial changes.

The annual report 2008 including the approved accounts will be distributed to the shareholders with the notice for the annual general meeting, which will take place May 7th 2009.

For further information please contact:
Jon Asbjørn Bø, CEO, (+47) 930 86 932, e-mail: jab@simrad-optronics.no
Tor Ivar Kolpus, CFO, (+47) 901 44 507, e-mail: tik@simrad-optronics.no

Homepage: www.simrad-optronics.no


About Us

Simrad Optronics is a Norwegian public limited liability company (ASA) with registration number 929 449 991, governed by Norwegian law. The Company is situated in Oslo and the address is Kabelgaten 4B, P.O. Box 174 Økern, NO-0509 Oslo. The Company has subsidiaries in Nøtterøy, Norway and Maine, USA. Simrad Optronics ASA is today one of the key suppliers of military electro-optical instruments in the world. The turnover in 2005 was NOK 237.3 million. The Company is highly international and exports to more than 40 countries. Export and sales abroad accounted for 77% of the Company’s turnover in 2005.