On June 10, 2010 after the close of the Oslo Stock Exchange, Rheinmetall AG ("Rheinmetall") acquired 4 614 000 shares in Simrad Optronics ASA ("Simrad Optronics") which equals 6.45 per cent of the issued shares and votes in Simrad Optronics. Following the acquisition, Rheinmetall has a total holding of 7 525 483 shares in Simrad Optronics which equals 10.51 per cent of the issued shares and votes in Simrad Optronics.

Reference is also made to the stock exchange notice released earlier today whereby it was announced that Rheinmetall controlled approximately 89.2 percent of the outstanding shares and votes in Simrad Optronics. In the voluntary public cash offer ("Offer") to acquire all outstanding shares in Simrad Optronics, Rheinmetall is now pleased to announce that it has received acceptances for or purchased shares representing 95.84 percent of the shares and votes in Simrad Optronics.

There may be adjustments to this 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.

Subject to the satisfaction or waiver of the remaining conditions to the Offer as set forth in the Offer Document dated 11 May 2010 ("Offer Document"), Rheinmetall intends to make a compulsory acquisition of the remaining shares in Simrad Optronics pursuant to the Norwegian Public Companies Act and the Norwegian Securities Trading Act and to proceed with an application for a de-listing of the shares of Simrad Optronics.

In accordance with Section 3.9 (Closing Conditions) of the Offer Document, Rheinmetall will issue a notification through the Oslo Stock Exchange as soon as each of the remaining conditions to the Offer has been met or waived.

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