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>> OPTION (NASDAQ EUROPE: OPIN) – NOTIFICATION FORM FOR DISCLOSURE OF SIGNIFICANT SHAREHOLDINGS BY ISSUER

  FOR RELEASE: AUGUST 20, 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
Description: Notification by Pepper NV (holding company incorporated by Jan Callewaert and GIMV NV by contribution of their respective Option NV shares)

Identity of the person, entity or group of persons or entities(*)
Number of financial instruments held Percentage of financial instruments held
Pepper NV 2.836.106 34,51%


(*) In accordance with NasdaqEurope guidelines each class of the voting financial instruments of the company, for each person, entity or group of persons ore entities, known to the company to hold at least 5% or more –directly or indirectly- is listed. Jan Callewaert and GIMV NV each hold 9 convertible bonds of Option International. Upon conversion each bond would entitle the bondholders to 53.312 ordinary shares.

About Option – “Wireless Technology” – NasdaqEurope: 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. For more information about Option, please visit 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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