Lowrance Settles Stockholder Class Action

Lowrance Electronics, Inc. (Nasdaq:LEIX) announced today
that Lowrance and the members of Lowrance's board of directors have
entered into an agreement in principle to settle the stockholder class
action lawsuit brought against Lowrance and the members of its board
in opposition of the tender offer and merger transaction with Simrad
Yachting AS and Simrad Yachting's wholly owned subsidiary, Navico
Acquisition Corp.
   Under the agreement in principle, Lowrance, Simrad Yachting,
Navico and their respective advisors would be released from all claims
that have been brought or could have been brought under state or
federal law arising out of or related to the tender offer and any
subsequent merger. In consideration for the settlement and dismissal
with prejudice of the action and the releases, Lowrance agreed to
include additional disclosures in its filings with the Securities and
Exchange Commission and not to oppose a fee application by plaintiff's
attorneys of $325,000. The additional disclosures were included in a
document filed by Lowrance with the SEC on February 23, 2006. The
proposed settlement is subject to customary conditions, such as the
completion of reasonable confirmatory discovery in the action by
plaintiff's counsel and court approval.

   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.