SIMTRONICS EGM DID NOT SUPPORT SHARE ISSUES

At the Extraordinary General Meeting of Simtronics ASA on 4 May 2009, the proposed share capital increase aimed at facilitating the acquisition of Technor AS’ activities did not obtain the necessary 2/3 of the votes represented.

Furthermore, the EGM resolved not to elect any additional members of Simtronics’ Board of Directors. The Board withdrew its proposal to revoke the Board’s authorisation to issue new shares.

Despite the outcome of the EGM, the Board appreciates the fact that the majority of the shareholders represented expressed their support of the Board’s plan for the further development of Simtronics, based on the established strategy.

Under the current circumstances, the Board is determined to explore all available options for a continued positive development for Simtronics.


For further information, please contact:

Rune Martini, CEO, Simtronics ASA
Phone +47 48 07 80 80


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.