ISSUANCE OF NEW SHARES

The Board of Directors of Simtronics ASA has decided to issue 3,731,343 new shares to the former owners of Water Mist Engineering AS and 674,044 new shares to the former owners of Etech Process AS. The companies were acquired by Simtronics AS in 2007 and 2008 (see previous announcements).

The shares have been issued as part of a final settlement of all outstanding amounts under the sales and purchase agreements, including earn-out provisions. The shares are issued at this time in order to facilitate a planned merger of the two Simtronics subsidiaries.

Simtronics ASA will after issuance of these new shares have a shares capital of NOK 10,152,672.75 divided on 69,463,511 shares each with a par value of NOK 0,146158358.

The new shares will temporarily be registered on a separate ISIN awaiting the production and approval of prospectus.


For further information, please contact:

Mr Rune Martini, CEO of Simtronics ASA
Phone +47 4807 8080


Homepage: www.simtronics.eu


Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.