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>> Option – Disclosure of Significant Shareholdings by Issuer

  FOR IMMEDIATE RELEASE: FRIDAY 20 JUNE 2002

Option (NasdaqEurope: OPIN): This is the Notification Form for Disclosure of Significant Shareholdings by Issuer following the private placement of June 4, 2002.

1. General Corporate Information

Corporate Name: Option NV
Corporate address: Kolonel Begaultlaan 45, 3012 Leuven, Belgium
Contact name: Johan De Lille
Telephone: +32.16.317.411
Facsimile: +32.16.207.164

2. Schedule of Signification Shareholdings

Class of voting financial instruments concerned: Ordinary Shares

Identity of the person, entity or group of persons or entities(*)
Number of financial instruments held Percentage of financial instruments held
Jan Callewaert 1.794.215 21,83%
GIMV NV 1.072.480 13,05%
GEBEMA NV 514.008 6,25%
Quest for Growth NV 305.810 3,72%
Mercator Verzekeringen 305.810 3,72%


(*)Each class of the voting financial instruments of the company, for each person, entity or group of persons or entities, known to the company to hold at least 3% or more directly or indirectly is listed. Jan Callewaert and GIMV NV are acting in concert on the basis of a shareholders' agreement signed on October 14, 1997. Jan Callewaert and GIMV NV each hold 9 convertible bonds of Option. Upon conversion each bond would entitle the bondholders to 53.312 ordinary shares.

ABOUT OPTION - "Wireless Technology" - NASDAQ Europe: OPIN

Option is the leading innovator in wireless communications. The company designs, develops and manufactures a family of products for wireless solutions. Option has built up an enviable reputation for creating exciting new products that enhance the performance and functionality of wireless communications. Option's headquarters are in Leuven, Belgium. The company has R&D centers in Leuven, Cambridge (UK) and Adelsried (Germany) and a production engineering facility in Cork, Ireland.
More information can be found at www.option.com

Contact:
Johan De Lille
Chief Financial Officer
Kolonel Begaultlaan 45
B-3012 Leuven
T: +32 (0)16 317 411
F: +32 (0)16 207 164
E: info@option.com

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