New Vice President Product Marketing Strengthens Option’s Executive Management Team

LEUVEN, Belgium – November 6, 2006 – Option N.V. (Euronext: OPTI; OTC: OPNVY), the wireless technology company, today announced that Norbert Metzner, most recently Vice President Terminal Management at T-Mobile International – Bonn (Germany), has joined Option as its Vice President Product Marketing. Norbert Metzner reports directly to Option’s CEO, Jan Callewaert.

Norbert Metzner, Dipl.-Ing. in Telecommunications, was primarily responsible for product management and the product concepts of mobile devices within the product portfolios of T-Mobile International. Previously, as Head of Terminals at Vodafone Holding – Düsseldorf (Germany), he was responsible for the definition and the successful roll-out of the business model for Vodafone live! terminals. He can also draw on consumer device, mobile phone and mobile networking experience from a variety of roles during a ten-year career at Siemens – Munich (Germany). He was educated within Germany’s University of the Federal Forces and Air Force Academy.

In his new role of Vice President Product Marketing at Option, Norbert Metzner will contribute his considerable experience of operators’ device requirements to identify the most attractive customer segments, define the products to be offered, their attributes and channels of distribution. He will also ensure the entire company remains focused on delivering products that establish the benchmark within the industry for combining innovation, customer benefits and ease-of-use.

Welcoming his new colleague, Jan Callewaert, CEO said: “As Option delivers an ever wider portfolio of products to an increasing number of markets across Europe, Asia and the Americas, Norbert brings invaluable expertise and experience combined with international perspectives that will further strengthen the Executive Management Team as it exploits the burgeoning opportunities offered by wireless broadband.”

About Option:

Option NV (www.option.com), the wireless technology company, is a leading innovator in the design, development and manufacture of 3G WCDMA (HSDPA and UMTS), EDGE, GPRS, GSM and WLAN technology products for wireless connectivity solutions. Option has built up an enviable 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 centre in Adelsried (Germany), a Wireless Router development centre in Stockholm (Sweden) and an ISO 9002 production engineering and logistics facility in Cork, Ireland and sales & support offices in the US, Japan and Taiwan.

For more information please contact:

Jan Callewaert, CEO or Frederic Convent, CFO

Tel + 32 (0) 16 317 411, E-mail: investor@option.com