News Details

DIRECTORATE CHANGES

SimiGon Ltd

("SimiGon", the “Company" or the “Group”)

Directorate Changes

SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation and training solutions, announces that after more than 14 years as Non-Executive Chairman of SimiGon, Alistair Rae has today stepped down from the Board of Directors. Mr Rae has been replaced by Simon Bentley who has assumed the role of Senior Independent Non-Executive Director with immediate effect. Alongside these directorate changes the Company’s Chief Executive Officer, Ami Vizer, has taken on the additional role of Executive Chairman.

Mr Bentley has considerable experience at board level of UK listed public companies and has held a wide variety of executive and non-executive roles during the course of his career. Mr Bentley is currently Executive Chairman of Dominion ATM Banking Systems Ltd, trading as Cash on the Move, a UK mobile cash operator and a Non-Executive Director of Premier Foods plc. Among previous appointments, Mr Bentley was Chairman and Chief Executive of Blacks Leisure Group plc from 1987 to 2002, Deputy Chairman of law firm Mishcon de Reya from 2002 to 2009 and Senior Independent Non-Executive Director of Sports Direct International plc from 2007 to 2018. Mr Bentley is a certified FCA, having previously been a senior partner at Landau Morley LLP. All information required

In addition to the Board changes detailed above, the Company expects to announce a further senior executive management appointment in the near future.

Ami Vizer, SimiGon’s Chief Executive Officer and Executive Chairman said: "I am delighted to welcome Simon to the board as Senior Independent Non-Executive Director and I am confident that his considerable experience and knowledge will be of great benefit to the Company. In addition, I would like to thank Alistair for his significant contribution to the Company over the last 14 years and we wish him well in the future.”

Enquiries:

SimiGon Ltd

Ami Vizer, Chief Executive Officer

+1 (407) 951 5548

Efi Manea, Chief Financial Officer

finnCap (NOMAD & Broker)

+44 (0) 20 7220 0500

Scott Mathieson / Matthew Radley (corporate finance)

The following information regarding Simon Anthony Bentley (aged 64) is disclosed under Schedule 2(g) of the AIM Rules for Companies:

Current Directorships

Directorships held in the past 5 years

Ben Uri Gallery and Museum Limited

Bramford Road Development Limited

Cash on the Move (Europe) Limited

Dunlop International Pension Scheme Trustees Limited

Cash on the Move Limited

M + S Partnership Limited

Dominion ATM Banking Systems Ltd

Sports Direct International plc

Kensington Design and Refurbishment Limited

U G Properties Limited

Kensington Estates Limited

Umberto Giannini Hair Cosmetics Ltd

Nivovia a.s.

Regents Park Estates Limited

Terry De Havilland Couture Ltd.

Torre Nueva Investment Limited

Voletime Limited

West End Properties PLC

Yad Vashem UK Foundation

Zuke Ski Limited

Zuke Trading Limited

As at the date of this announcement, Simon Bentley is not beneficially interested in any Ordinary Shares in the Company.

About SimiGon

SimiGon (AIM: SIM) is a leading developer and supplier of distributed simulation solutions for defence and civilian applications. SimiGon is the creator of SIMbox, a leading PC-based platform for creating, managing and deploying simulation-based content across multiple domains. Through its off the-shelf training solutions for demanding high-skill occupations, SimiGon provides diverse organizations with faster and more cost-effective training. SimiGon’s growing client base includes blue-chip training and simulation systems providers as well as air forces and commercial airlines worldwide. Founded in 1998, SimiGon maintains offices in Israel and the United States.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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