FOR RELEASE: IMMEDIATE

Leuven, Belgium, 17 June 2003

Option N.V. (NASDAQ Europe: OPIN), the leading innovator in the wireless communications market, today announced that the company expects equipment sales for its second quarter ending June 30, 2003, over € 14 million and that this substantial growth in its sales figures, while respecting the overall costs, will result again in a profitable quarter.

A year ago Option reported second quarter revenues of € 7.1 million and a net loss of € 2.2 million, or € 0.29 per share. In the first quarter of the current year, the company announced a net income of € 0.3 million and an EPS of 0.04 on revenues of € 10.8 million.

Results are positively impacted by a continued interest, resulting in repeated sales orders, from different mobile phone operators and other distribution channels in the company’s current product lines of GPRS terminals, especially the tri-band GSM/GPRS PC Card, GlobeTrotter.

“ Since Option continues to deliver successfully in the different target markets, we are maintaining our leading position in wireless data communication solutions” said Mr Callewaert, President and Chief Executive Officer. “The improved visibility and the strong current business expectations of GPRS data communication solutions allow us to higher our financial revenue guidance of the current year by 10 million of Euros, so that our equipment sales are expected to reach a level of mid-forties millions of Euros.”

The company will announce final results for the second quarter on Tuesday, August 5, 2003.

This press release contains forward-looking information that involves risks and uncertainties, including statements about the company's plans, objectives, expectations and intentions. Such statements include, without limitation, discussions concerning the company’s strategic direction and new product introductions and developments. Readers are cautioned that such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially than those set forth in the forward looking statements. The risks and uncertainties include, without limitation, the early stage of the market for connectivity and integrated wireless products and solutions for portable and handheld computers and mobile telephones, the management of growth, the ability of the company to develop and successfully market new products, rapid technological change and competition. The forward-looking statements contained herein speak only as of the date of this press release. The company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the company's expectations or any change in events, conditions or circumstance on which any such statement is based.

Option, Option International, GlobeTrotter are trademarks of Option N.V. All other product names mentioned herein may be trademarks of the companies with which they are associated.

For further information please contact:

Jan Callewaert, CEO
Frederic Convent, CFO
Kolonel Begaultlaan 45
B-3012 Leuven,Belgium
TEL: +32 (0)16/31.74.11
FAX +32 (0)16/20.71.64
e-mail : investor@option.com

Company Profile
Option N.V.
June 13, 2003

Actual Market Capitalization: USD 19.3 million
Share Price: USD 2.35
Market Makers: Fortis Bank NV, KBC Securities NV

About Option - "Wireless Technology"- NASDAQ Europe: OPIN

Option is the leading innovator in wireless communications. The company specialises in the design, development and manufacture of GSM, GPRS, WLAN, and 3G UMTS technology products for wireless connectivity 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 Research & Development in Leuven, a Software and Applications development centre in Adelsried (Germany) and an ISO 9002 production engineering and logistics facility in Cork, Ireland.

More information can be found at www.option.com.

For financial contacts:
Frederic Convent, CFO
Tel +32 (0)16 317 411
f.convent@option.com