Stock options was also assigned to external board members, as finally approved in the annual general meeting of May 14, 2008. The entitled stock options are to be vested in three equal tranches on specified dates within a 36 month period. Part (40%) of any profit from these stock options must be re-invested in company stock.

The options give right to by shares at a price equal to the closing-price on the date for the board resolution, February 6, 2008 - NOK 4,52 per share.

Options has been assigned to primary insiders as follows:

Chairman of the Board - John Afseth;  100.000

Board member - Tore Amundsen ;  100.000

Board member - Valborg Lundegaard; 100.000

CEO - Rune Martini ; 250.000

CFO - Frode Arnesen; 600.000

Sales Manager & General Manager Dubai office - Svein Roar Sivertsen; 250.000

After these stock options have been assigned,

- John Afseth holds a total of 100.000 stock options and 1.542.271 shares

- Tore Amundesen holds a total of 100.000 stock options and 30.000 shares

- Valborg Lundegaard holds a total of 100.000 stock options

- Rune Martini holds a total of 1.250.000 stock options and 200.000 shares

- Frode Arnesen holds a total of 600.000 stock options

- Svein Roar Sivertsen holds a total of 250.000 stock options

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 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.