Option Appoints John P. Ziegler as New CFO

    John P. Ziegler to Lead Group Finance Departments and Investor Relations

    LEUVEN, Belgium, Dec. 19 /CNW/ - Option N.V. (Euronext: OPTI;
OTC: OPNVY), the wireless technology company, today appointed John Patrick
(J.P.) Ziegler as the company's Chief Financial Officer. Mr. Ziegler will be
responsible for the company's financial management and reporting, strategic
and business planning and investor relations. Mr. Ziegler will be a key member
of Option's Executive Management Team and report directly to Jan Callewaert,
Option's CEO.
    Mr. Ziegler, an American who has been based in Brussels and London during
the last 12 years, is a seasoned international executive with 20 years of
industry, investment banking and investor relations experience. The addition
of Mr. Ziegler to the previously announced senior management changes at Option
further strengthens the company in this increasingly global and dynamic
    From 2000 until 2005, Mr. Ziegler was a Managing Director in the
Investment Banking group of ING in London focused on Telecoms, Media &
Technology. In this role he worked with companies and their Boards to develop
and implement their corporate finance strategy. In 2005 he founded BGC
Capital, a London based boutique financial advisory and consulting firm.
    Prior to moving into corporate finance, Mr. Ziegler spent 9 years in the
telecommunications industry. From 1991 to 1997 he held senior roles in
corporate development and international strategic planning with MFS
Communications in the US and MCI/WorldCom International in Belgium. From 1998
until 1999, Mr. Ziegler was a co-founder of Winstar International in Belgium,
the fixed wireless subsidiary of US based Winstar Communications.
    Mr. Ziegler received his BA in Mathematics from the College of the Holy
Cross in Massachusetts and his MBA from the Fuqua School of Business at Duke
University in North Carolina.
    Jan Callewaert, Option's CEO, comments on the new appointment: "We are
pleased to welcome J.P. to Option's Executive Management Team. J.P. brings
significant experience and a broad base of financial and industry expertise in
the telecom and technology industry to our company. Together with the Board I
believe that J.P. brings the international skill set necessary to help take
Option to the next level. I would also like to take this opportunity to thank
Guy Schroyen for his contribution to Option these past months."

    About Option

    Option, the wireless technology company, is a leading innovator in the
design, development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN
technology products for wireless connectivity solutions. Option has built up
an enviable reputation for creating exciting products that enhance the
performance and functionality of wireless communications. Option's
headquarters are in Belgium (Leuven). The company has Research & Development
in Belgium (Leuven), Germany (Dusseldorf and Adelsried), Sweden (Stockholm),
and an ISO 9001 production engineering and logistics facility in Ireland
(Cork). Option also has offices in Europe, US, Asia, Japan and Australia. For
more information please visit http://www.option.com.

For further information:

For further information: Jan Pote, Corporate Communication Manager, Tel
+32(0)16317411, E-mail: j.pote@option.com

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