Grant of Options

SimiGon Limited (the "Company")

Grant of Share Options

SimiGon Limited announces that Ami Vizer and Haim Yatim, both directors of the Comapany, have been granted 360,000 and 141,000 options over ordinary shares of 0.01 NIS each ("Ordinary Shares"), respectively. The options over Ordinary Shares are exercisable at a price of 0.01 NIS (being the nominal value of the Ordinary Shares), as part of the Company's Bonus plan upon achievement of performance targets in respect of 2010, 2011 and 2012 financial years and in certain other specified circumstances. Following this grant, Mr. Vizer and Mr. Yatim will hold 410,000 and 355,500 options over Ordinary Shares, respectively.

The grant of options to Haim Yatim is subject to shareholder approval at the next Annual General Meeting of the Company.

2 February 2010

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