Result of AGM

30 December 2015

SimiGon Ltd

("SimiGon" or "the Company")

Result of Annual General Meeting and Directorate Changes

SimiGon, a global leader in providing simulation solutions, announces that at the Company's Annual General Meeting held earlier today all resolutions were duly passed.

Consequently, the Company announces that Mr. Ran Pappo and Mrs. Deborah M. Bitman have been appointed as External Directors of the Company to replace Mr. Nevat Simon and Dr. Vered Shany with immediate effect. Mr. Pappo is the Chief Executive Officer of Diva Hirschthal Ltd, a designer, manufacturer and distributor of swimwear and has many years of experience in marketing, finance and retail. Mrs. Bitman qualified from Indiana University with a Masters in Elementary Education and has since gained considerable experience on school improvement committees and school activities. Working as a director at the Jewish Academy of Orlando, she has great experience in school policy guidance, budget review, future plans, and creating and managing educational curriculum.

Enquiries:

The following information in relation to Mr. Pappo is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies.

Full name: Ran Moshe Shlomo Pappo

Age: 46

Shares held: 0

Directorships/partnerships held in the last five years:

The following information in relation to Mrs. Bitman is disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies.

Full name: Deborah Michelle Bitman

Age: 36

Shares held: 0

Directorships/partnerships held in the last five years: