Reference is made to the voluntary public cash offer (the "Offer") to acquire all outstanding shares in Simrad Optronics ASA ("Simrad Optronics") made by Rheinmetall AG ("Rheinmetall") in the offer document dated 11 May 2010 (the "Offer Document") and the latest stock exchange announcement made by Rheinmetall on 27 May 2010.

Rheinmetall has today decided to waive the condition to receive 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. The Offer remains, however, subject to the remaining terms and conditions set out in the Offer Document and the enclosed acceptance form. The Offer period expires 17:30 (Norwegian time) on 9 June 2010, unless extended by Rheinmetall.

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