Option Announces Change in Executive Management Team

Leuven, (PresseBox) - Option N.V. (Euronext: OPTI; OTC: OPNVY), the wireless technology company, today announced that Frederic Convent, the company’s Chief Financial Officer, is stepping down citing personal reasons.

Mr. Guy Schroyen has been named as Interim Financial Manager pending the appointment of a replacement for Mr Convent. A seasoned financial executive with 17 years experience in the telecommunications and media industry,
Mr Schroyen assumes responsibility for all aspects of the Option Group’s financial management, reporting directly to the CEO.

Jan Callewaert, CEO Option, commented: "During more than four exciting years of rapid growth, Frederic has made a valuable contribution to the company and its leadership team. On behalf of the company, I would like to express our sincere thanks to Frederic for his service and commitment and wish him all the best for the future."

Option N.V.

Option, the wireless technology company, is a leading innovator in the design, development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN technology products for wireless connectivity solutions. Option has built up an enviable reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option's headquarters are in Belgium (Leuven). The company has Research & Development in Belgium (Leuven) and Germany (Düsseldorf and Adelsried), and an ISO 9001 production engineering and logistics facility in Ireland (Cork). Option also has offices in Europe, US, Asia, Japan and Australia. For more information please visit www.option.com.

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