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>> OPTION FURTHER STRENGTHENS ITS MANAGEMENT TEAM APPOINTING
JAAP KOESTAL AS VP RESPONSIBLE FOR SALES

  FOR RELEASE: AUGUST 20, 2002

Option, a leading innovator in wireless communications, appoints Jaap Koestal as Vice President of Sales. In this position, he will take responsibility for the company’s sales activities towards the mobile operators and the corporate market. Jaap Koestal will report directly to Jan Callewaert, Option’s President and CEO. Douglas Ros, former VP Sales and Marketing, takes on the role of VP Business Development & Marketing.

Jan Callewaert: “I am delighted to have Jaap Koestal in our management team. Jaap will be fully focused on the sales of GlobeTrotter driving the expansion of our current customer base."

Jaap Koestal commented: “Although the current trend of customers generally is "to wait and see", the pressure is building to come out with the next generation of wireless functionalities. Option needs to be in a position to enhance its commercial presence in the market place by expanding in the UK and European markets. We will be focused on all segments of the market specifically the mobile telephony carriers and major corporations with massive field forces. There is no doubt on my mind that the Option products for GPRS and UMTS will find their way to the many users that require a similar mobile experience as they would be used to in their office or home. Option’s current GPRS Globetrotter PC card will pave the way into the new high speed broadband generation known as 3G”.

Jan Callewaert: “The appointment of Jaap Koestal as VP Sales enables Douglas Ros to move into the role of Business Development. Douglas has brought both the Compaq GPRS and the Lucent 3G PC Card developments into Option. As VP Business Development and Marketing Douglas will be able to focus on the medium and longer term business objectives.”

Jaap Koestal (44) was born in Amsterdam, The Netherlands with a higher Commercial-Economical education, has 22 years of corporate commercial experience and a vast background in telecommunications. Prior to his start with Option, Jaap formed and lead (sales) teams within Federal Express and TIP Trailers and has also managed subsidiaries of international companies of Thorn EMI, Deutsche Telekom and Materna Communications. The specific experience gained on his last two assignments will support him in his role to expand the Option sales force in the Telco and Corporate world. With Materna Communications Jaap also pioneered the Telco Market with an innovative and unknown product called... SMS.


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

Laurent De Hauwere
Option n.v.
+32 (0)16 317 411 (office)
+32 (486) 20 20 20 (mobile)
ldh@option.com

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