Exercise of Options

21 January 2015

SimiGon Ltd

("SimiGon" or "the Company")

Exercise of Options

The Company announces that application has been made for 3,194 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 27 January 2015.

Following this issue of new Ordinary Shares, the Company will have 50,082,884 Ordinary Shares in issue. The Company holds no Ordinary Shares in treasury. Accordingly, the total number of voting rights in the Company is 50,082,884.

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