Reference is made to the stock exchange announcement 
made by Rheinmetall AG ("Rheinmetall") earlier today 
regarding completion of the voluntary offer for the 
shares in Simrad Optronics ASA ("SIT").

Rheinmetall now announces that pursuant to Section 4-
25 of the Norwegian Public Limited Companies Act  and 
Section 6-22 of the Norwegian Securities Trading Act 
(the "STA"), it has exercised its right to acquire 
compulsorily for cash the remaining 4,985,036 shares 
in SIT that it does not already own (the "Minority 
Shares").
 
In accordance with section 6-22 (2) of the STA, the 
compulsory offer price to be paid for each Minority 
Share has been set at NOK 8.25, which is equal to the 
offer price in the voluntary offer made by 
Rheinmetall.

As of today's date the rights and ownership of the 
Minority Shares will automatically be transferred to 
Rheinmetall, and accordingly Rheinmetall will from 
the day hereof be the beneficial owner of 100 per 
cent of the SIT shares. 

Any objections to or rejection of the compulsory 
offer price must be made by 5 September 2010. 
Settlement of the offer price to the minority 
shareholders that do not object to or reject the 
offer price will take place on or about 13 September 
2010.