Simrad Yachting AS has entered into a merger agreement with Lowrance Electronics, Inc.

Press Release, 30 January 2006 Simrad Yachting AS has entered into a merger agreement with Lowrance Electronics, Inc. Simrad Yachting AS and Lowrance Electronics, Inc. (Nasdaq: LEIX) announced today that Simrad Yachting has agreed to acquire all of the outstanding shares of Lowrance for USD 37.00 per share. The acquisition price represents an enterprise value for Lowrance of approximately MUSD 215 and a premium of 48 percent over the closing price of its shares on Friday, January 27, 2006. Under the terms of a merger agreement entered into by the parties, Navico Acquisition Corp., a newly