Commencement of offer period for the voluntary offer for all shares in Simrad Optronics ASA made by Rheinmetall AG

With reference to the joint stock exchange notice from Simrad Optronics ASA and Rheinmetall AG on 6 May 2010 regarding the recommended voluntary cash offer for all issued and outstanding shares in Simrad Optronics ASA (the "Offer"), Rheinmetall AG today announces the commencement of the offer period. The offer price is NOK 8.25 per share in cash. The offer period will start today Wednesday, 12 May 2010 and ends 17:30 (Norwegian time) on Wednesday, 26 May 2010.

The offer document will be sent to all eligible shareholders of Simrad Optronics ASA as of 11 May 2010 and is also available from www.first.no, www.rheinmetall.com and www.simrad-optronics.no

The distribution of the Voluntary Offer Document and the making of the Offer may in certain jurisdictions (including, but not limited to Canada, Australia, Japan and the Cayman Islands), be restricted by law. In order to access the Voluntary Offer Document you must confirm that (i) you are not accessing this web site from any such restricted jurisdiction and (ii) that you may lawfully receive the Voluntary Offer Document. If you cannot confirm this, you may not access this document and must kindly EXIT this page. It is important that U.S. shareholders understand that the Voluntary Offer Document is subject to disclosure and takeover laws and regulations in Norway that is different from those in the U.S.

Simrad Optronics ASA does not have and will not accept any liability to any person for the provision of access to the Voluntary Offer Document to which access is granted via Simrad Optronics ASA’s web site, as this access is provided solely for the benefit of Rheinmetall AG as Offeror under the Voluntary Offer.

By entering the link below you confirm that you are not accessing this web site from a jurisdiction where restrictions to this effect may apply, and that you are not a person for which access and review of the voluntary document is restricted.

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

Encl.:Offer document in  pdf-format

12.05.2010