Annual Report & Accounts & Notice of AGM

SimiGon Limited ("SimiGon" or "the Company") Annual Report and Accounts and Notice of AGM

SimiGon today announces that the Annual General Meeting of the Company is to be held at 1600 hrs local Israeli time (1400hrs GMT) on Monday 20 September 2010 at 1 Sapir St, Herzlia, Israel.

Shareholders are welcome to attend the meeting in person or join via a conference call using the dial-in details below:

International dial-in number: +1 712 432 1620

Access code: 888780#

The Notice of AGM will shortly be posted to shareholders. An electronic copy of this document is available at the Company's website: http://www.simigon.com/

16 August 2010

Enquiries:

SimiGon Ltd

Efraim Manea, Chief Financial Officer +972 (9) 9561 777

Evolution Securities (NOMAD)

Jeremy Ellis / Chris Clarke +44 (0)20 7071 4300