Leuven, Belgium - July 11, 2008 - Option N.V. (Euronext: OPTI; OTC:OPNVY), the wireless technology company, today announced thatalthough the Company had its highest ever quarterly volume of unitsshipped, pre-audited preliminary revenues for the second quarter offiscal year 2008 will be in the range EUR 60-62 million. Theserevenues combined with EUR 77 million for the first quarter 2008 willgenerate half year revenue in the range of EUR 137-139 million whichis approximately 9% less than the first half year 2007. As a result,the company expects EBIT for the first six months to be negative. TheCompany had not previously provided guidance for the quarter or thefirst half of the year.

During the quarter a number of factors affected the indicated revenueand EBIT. The two key issues were continuing price pressure fromAsian competitors in Europe and a reduction in sales to two customersversus their preliminary forecasts to the Company.

Option had stated that the second quarter of 2008 would provedifficult as it continued to transition its organization for itsrapidly changing market and had to rely on existing products. Thecompany continues to push aggressively through this period oftransition identifying cost savings and employing efficiencies toposition it for sustainable and profitable growth in 2009.

Option believes that it is well positioned for the second half of theyear due to:

  * Option's balance sheet at the close of Q2 remained strong with    more than EUR 30 million in cash, no debt and improved accounts    receivable levels  * A major contract with a MID device manufacturer is on schedule    for a Q3 announcement, confirming the value of the investment    Option continues to make in this market  * The developments with Qualcomm and Intel on embedded modules for    the next generation of devices continue to progress well  * The company continues to invest into new and ongoing development    projects, including software solutions for Linux users for    laptops and MID devices, that create differentiation from    competitors  * A number of new products to be launched in Q3 are on schedule and    should provide material revenue and higher ASPs in Q4 2008  * As stated previously, volume shipments continue to increase    quarter on quarter with wireless USB devices accounting for more    than 70% of volumes, and prices are beginning to stabilize  * Revenue generating headcount has been broadened with a new VP    North America and strengthened staff, enhanced capabilities in    Australia and the South Pacific, and a new VP Distribution which    will give access to numerous new and emerging markets without the    need for dedicated staff.

Audited figures for the second quarter and the first half of 2008will be published on July 24th 2008.

For the PDF version of the press release in English or in Dutch,please click on the link below:

Option indicates preliminary Q2 and first half 2008 results --http://hugin.info/133962/R/1235255/263259.pdf

Option geeft voorlopige omzet voor Q2 en eerste halfjaar 2008 --http://hugin.info/133962/R/1235255/263284.pdf

Investor Relations ContactJP Ziegler, CFOTel +32 (0)16 317 411, E-mail: investor@option.com

Copyright © Hugin AS 2008. All rights reserved.