FOR RELEASE: IMMEDIATE

London - Leuven, Belgium, November 21, 2003 - Option N.V. (Euronext: OPTI), the wireless technology company, today announced it has been awarded “The Innovation Prize 2003". This award, which is presented annually by the Belgian-Luxembourg Chamber of Commerce in Great Britain, rewards a Belgian company that has shown outstanding innovation in product promotion, niche marketing and overall market development in the UK. In conferring the award to Option, the Chamber of Commerce recognized that “Option’s driving role has contributed greatly to the acceptance of wireless data communication, one of the fastest growing segments of mobile communication, in the UK”

Jan Callewaert, CEO Option, stated: “We are truly honoured to have been selected for this prestigious award from among a distinguished field of companies. We are particularly gratified that the selection committee gave recognition to our efforts to develop the market for wireless data communication, as well as the work we have done to introduce the wireless user to the benefits of the GPRS, WLAN and 3G data card technology. Option’s growth strategy is and will remain based on those continuous efforts.”

Option's flagship product the GlobeTrotter GSM/GPRS PC Card is sold worldwide to operators such as Vodafone, Orange, T-Mobile, O2, China Mobile etc. At ITU Telecom World 2003 (the world's n° 1 wireless technology trade-show, Geneva - October 2003) Option added another card to the GlobeTrotter family: the "GlobeTrotter Combo" PC Card (combining GSM/GPRS and WLAN/WIFI functionality). At the same time different developments were announced for high-speed data cards.

About Option (www.option.com)
Option is the wireless technology company and is a leading innovator in the design, development and manufacture of 3G UMTS, GPRS, GSM and WLAN technology products for wireless connectivity solutions. Option has built up a solid reputation for creating exciting 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 center in Adelsried (Germany) and an ISO 9002 production engineering and logistics facility in Cork, Ireland.

Option and the Option logo are trademarks of Option NV. All other trademarks are the property of their respective owners.

For more information please contact:
Douglas Ros, Vice President Business Development
& Marketing
Tel +32 (0)16 317 411
d.ros@option.com

Frederic Convent, Chief Financial Officer & Legal Counsel
Tel +32 (0)16 317 411
investor@option.com