Option: Option appoints Philippe Rogge to new role of Chief Operating Officer

LEUVEN, BELGIUM--(Marketwire - December 23, 2008) - Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announced a significant strengthening of its management and organizational structure with the appointment of Philippe Rogge as the company's first Chief Operating Officer.

Philippe joins Option from Belgacom Group where he was most recently Vice President Business Development & Planning. During seven years at Belgium's largest telecommunications company, Philippe held a series of senior strategic and operational roles all reporting to members of the Group's Executive Management Committee. Earlier in his career, he gained considerable financial management and IT experience in the shipping and petro-chemical industries.

Philippe earned his masters degree from the University of Ghent and also holds post-graduate qualifications from the Vlerick School of Management and INSEAD. In his leisure time, Philippe is a keen yachtsman who represented Belgium on an international level. He combines his organizational skills with his passion for sport as a board member of the Belgian National Olympic Committee.

Philippe will formally join Option in January 2009 and will report directly to the CEO. He will oversee Sales, Operations and Marketing and will assume overall responsibility for the delivery of all aspects of Option's value proposition to the wireless markets.

"This is a really exciting time to be joining a global company that is at the forefront of the design, development and manufacture of the solutions that underpin the rapidly expanding mobile broadband industry," said Philippe Rogge.

"This is a natural step in the further evolution of the company. Option has grown to a size where our Board of Directors feel a clearer separation between strategic and operational responsibilities will truly benefit our customers, investors and employees," said Option CEO, Jan Callewaert. "This senior appointment demonstrates our confidence in Option's prospects while providing extra management bandwidth for myself to work on the future strategy of the company and to evaluate new opportunities."

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

Option appoints Philippe Rogge to new role of Chief Operating Officer: [ http://hugin.info/133962/R/1279268/285672.pdf ]

Option benoemt Philippe Rogge in de nieuwe functie van Chief Operating Officer: [ http://hugin.info/133962/R/1279268/285673.pdf ]

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Option: Option appoints Philippe Rogge to new role of Chief Operating Officer