SimiGon announces that, pursuant to resolutions passed at the Company's annual general meeting on 20 December 2012 and as the final installment of an initiative undertaken in October 2009 to reduce cash expenses, a total of 119,727 Ordinary Shares have been issued to the Company's Non-Executive Directors in return for a one year salary reduction:

Director Issue of Ordinary Shares Consequent interest in Ordinary Shares

(# of Ordinary Shares)

% of Enlarged Share Capital

Alistair Rae 47,727 202,249 0.43%

Nevat Simon 24,000 72,000 0.15%

Vered Shany 24,000 72,000 0.15%

Eitan Cohen 72,000 0.15%

Total 24,000

Total 119,727 418,249 0.88%

Accordingly, application has been made for these 119,727 Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 15 October 2013. The Company will have 47,292,706 Ordinary Shares in issue following Admission.

View complete announcement on London Stock Exchange Website