APPROVED ANNUAL ACCOUNTS, PROPOSAL FOR DIVIDEND

The Board of Directors of Simrad Optronics ASA has 26 March 2010 approved the 2009 financial statements. Compared to the preliminary 2009 results presented in the 4th quarter interim financial reporting there are no substantial changes. The 2009 annual report including the approved accounts will be distributed to the shareholders together with the notice for the annual general meeting, which will take place Thursday 6 May 2010 at 10:00 am at Felix Konferansesenter, Aker Brygge, Oslo. The notice will also be available on the company’s website www.simrad-optronics.no The Board proposes to the annual general meeting to pay a dividend of NOK 0.20 per share to shareholders registered in VPS as of the date of the general meeting. Provided that the annual general meeting adopts the proposal, the share will be traded ex-dividend as from 7 May 2010. For further information, please contact: Jon Asbjørn Bø, President & CEO, phone: +47 930 86 932 , e-mail: jab@simrad-optronics.no or Tor Ivar Kolpus, CFO, phone: +47 901 44 507, e-mail: tik@simrad-optronics.no Homepage: www.simrad-optronics.no Simrad Optronics ASA (Oslo Stock Exchange ticker: SIT) is a global leading niche supplier to the world wide defence market with it’s main activities related to the following product areas: Remotely controlled weapon systems, electro optics, weapon improvement and vehicle systems. The company has subsidiaries in Norway (Vinghøg AS et al), the United States (Vingtech Corp) and in Australia (Vingtech Australia Pty Ltd).