Disclosure of Simrad Optronics ASA 1st Quarter 2010 report

Due to the voluntary offer made by Rheinmetall AG to acquire all issued and outstanding shares in Simrad Optronics ASA, the financial figures for 1st Quarter 2010 was published on 6th May 2010. Please find attached the full 1st Quarter 2010 report. Presentation of the 1st Quarter 2010 results will be held today at Felix conference centre in Oslo, as previously announced. However, please note that the presentation is rescheduled to 03:00 p.m. The presentation will also be covered by web cast available at: http://www.cik.no/simrad_optronics/100511/100511_simrad_optronics.php For further information, please contact: Jon Asbjørn Bø, President & CEO, telephone: +47 930 86 932, e-mail: jab@simrad-optronics.no or Tor Ivar Kolpus, CFO, telephone: +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 its 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), the United States (Vingtech Corp) and in Australia (Vingtech Australia Pty Ltd).