TERMINATION OF MARKET MAKING AGREEMENT

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Simrad Optronics ASA and Terra Markets AS have effective from today 7 June 2010 terminated the market making agreement for SIT shares traded on Oslo Stock Exchange.

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 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).