Option to Supply Samsung with Embedded Wireless Module

Leuven, Belgium – September 1, 2006 – Option N.V. (Euronext: OPTI; OTC: OPNVY), the wireless technology company, today announced that it is to supply the GTM351E embedded wireless module to Samsung Electronics. Samsung will integrate the modules in notebooks and Ultra-Mobile PCs. Commercial shipments of the GTM351E to Samsung are planned to support the commercial roll-out of a new range of wireless enabled products. The new products, the Notebook Q40 and a new model of the Ultra-Mobile PC, will be showcased at the Berlin Messe IFA (1 – 6 September 2006, Hall 01.2, stand 118), one of the world’s largest Consumer Electronics trade fairs. The Notebook Q40 and Ultra-Mobile PC enable wireless broadband access thus empowering the user to view, listen, play, chat, download, e-mail, connect to the corporate network and work anytime, anywhere.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2005 parent company sales of US$56.7 billion and net income of US$7.5 billion. Employing approximately 128,000 people in over 120 offices in 57 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones, and TFT-LCDs. For more information, please visit http://www.samsung.com.

Option unveiled the GTM351E wireless module in December 2005 and announced its first customer agreement in February 2006. At the time of the Q1 earnings release, May 4th 2006, the company announced two new design wins for the product: the first with a leading wireless device manufacturer and the second with a leading laptop OEM. Samsung Electronics is now disclosed as being ‘the leading wireless device manufacturer’.

The Option GTM351E embedded wireless module is the ideal solution for an IT manufacturer wishing to incorporate comprehensive broadband wide area wireless connectivity into laptop, portable, and mobile devices. Incorporating HSDPA 1.8 Mbps, UMTS WCDMA in the 2100 MHz band and EDGE/GPRS in four bands (850/900/1800/1900 MHz), the GTM351E delivers broadband wireless internet connectivity to mobile devices across mobile networks worldwide.