Düsseldorf, 27 May 2010 - In the voluntary public cash offer (the "Offer") to acquire all outstanding shares in Simrad Optronics ASA ("Simrad Optronics"), Rheinmetall AG ("Rheinmetall") announces that following the expiration of the initial Offer period at 17.30 CET on 26 May 2010, Rheinmetall controls approximately 82  percent of the issued and outstanding shares in Simrad Optronics.

The received acceptances represent a lower acceptance ratio than receiving acceptances from shareholders representing more than 90 percent of the entire issued and outstanding share capital and voting power in Simrad Optronics as set out in section 3.9 (a) in the offer document dated 11 May 2010 (the "Offer Document"). Rheinmetall AG has therefore resolved and hereby announces that the Offer period is extended and that the Offer will remain open for acceptance until 17:30 (Norwegian time) on 9 June 2010. The Offer remains subject to the terms and conditions set out in the Offer Document and the enclosed acceptance form.

Rheinmetall AG intends to complete the Offer subject to the satisfaction or waiver of the remaining conditions to the Offer as set forth in the Offer Document, Section 3.9, as soon as possible. Assuming completion of the Offer, Rheinmetall AG will in relation to the remaining shares in Simrad Optronics proceed as required under chapter 6 of the Norwegian Securities Trading Act.

There may be adjustments to the preliminary result due to possible corrections and changes following registration with the Verdipapirsentralen (VPS). The final result will be published as soon as it is available.

For further information, please contact:

First Securities AS

Fjordalléen 16

P.O. Box 1441 Vika

0115 Oslo

Norway

Tel: (+47) 23 23 80 00

Fax: (+47) 23 23 80 11