Exercise of Options

17 October 2012

SimiGon Ltd

("SimiGon" or the "Company")

Exercise of Options

The Company announces that application has been made for 9,304 new ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued pursuant to the exercise of options by a former employee. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 23 October 2012.

Following this issue of new Ordinary Shares, the Company will have 47,153,179 Ordinary Shares in issue. The Company holds no Ordinary Shares in treasury. Accordingly, the total number of voting rights in the Company is 47,153,179.

Enquiries: