Lowrance Reports the Filing of a Lawsuit

Lowrance Electronics, Inc. (Nasdaq:LEIX) (the "Company"
or "Lowrance") announced today that Lowrance and the members of the
Company's board of directors have been named as defendants in a
purported stockholder class action lawsuit filed in Oklahoma state
court which seeks to enjoin the recently announced proposed
acquisition of all of the outstanding shares of Lowrance by a wholly
owned subsidiary of Simrad Yachting AS for $37 per share in cash.
Neither Simrad Yachting or its subsidiary have been named as
defendants in the lawsuit.
   The lawsuit alleges that the Board breached its fiduciary duties
by entering into the acquisition agreement with Simrad and its
subsidiary and by not making adequate disclosure in its SEC filings
concerning the proposed acquisition. The Company and the individual
director defendants believe the lawsuit is without merit and intend to
vigorously defend against it.

   About Lowrance Electronics, Inc.

   Lowrance Electronics, Inc. (www.lowrance.com) designs,
manufactures and markets SONAR and GPS products, digital mapping
systems and accessories under the brand names "Lowrance"(R) and
"Eagle"(R) Electronics, "Lowrance Automotive(TM)" and "Lowrance
Avionics"(R). These products are used in the following primary product
markets: marine, general consumer (which includes handheld GPS outdoor
recreational use and voice turn-by-turn navigational systems for
aftermarket automotive use) and aviation.