Option's new entry-level USB modem selected by O2

LEUVEN, Belgium – January 12, 2009 – Option N.V. (EURONEXT Brussels: OPTI; OTC: OPNVY), the wireless technology company, today announced that its new entry-level USB modem has been selected by O2. Carrying the O2 branding, Option’s new iCON 210 HSPA USB modem is shipping to Telefónica O2 Germany. The iCON 210 is the third distinctive USB modem designed and released by Option in the last three months to meet specific market needs of major European and US operators.

The iCON 210 is a compact, easy-to-use device, affordable yet high-performance mobile broadband solution. Option’s Zero-CD Plug ‘n’ Play software allows consumers to access reliable internet and email at HSPA speeds of up to 3.6 Mbps in just three simple steps: insert the USB, install the software, go online. Weighing only 27g and small enough to fit into the palm of the hand, the iCON 210 can be used with laptops or desktop PCs to provide connectivity virtually anywhere in the world. Images of the device are available at: www.option.com/usbmodem/icon210

Headquartered in Slough, UK, Telefónica Europe is the division of the Telefónica group that provides integrated mobile, fixed and broadband services in the UK, Ireland, Germany, the Czech Republic and Slovakia. In its increasingly competitive markets, the Group added 2.2 million mobile customers in the first three quarters of 2008.