US, German and Norwegian Antitrust Waiting Periods Expire for Simrad Yachting's Acquisition of Lowrance Electronics, Inc.; Antit

Simrad Yachting AS and Lowrance Electronics, Inc.
(Nasdaq:LEIX) announced today that the waiting period under the
Norwegian Competition Act applicable to Simrad Yachting's pending
acquisition of Lowrance expired. The waiting periods under the U.S.
Hart-Scott-Rodino Antitrust Improvements Act and the German Act
Against Restraints of Competition expired on February 14, 2006, and,
therefore, the expiration of the waiting period under the Norwegian
Competition Act means that the condition to the tender offer related
to U.S. and foreign antitrust approvals has now been satisfied.
   Simrad Yachting and Lowrance announced on January 30, 2006 that
they had reached a definitive merger agreement pursuant to which
Navico Acquisition Corp., a wholly owned subsidiary of Simrad
Yachting, would acquire Lowrance by means of a cash tender offer at
$37 per share and second step merger at the same price. In addition to
the antitrust conditions, the tender offer is subject to a majority
minimum tender condition and other customary conditions, but is not
subject to any financing condition.
   Lowrance is one of the world's largest providers of marine
electronics to leisure boats and has a particularly strong presence in
the fish finders and GPS navigation systems segments of the market. In
addition to marine electronic products, Lowrance has produced for over
10 years hand held GPS mapping products for campers and hikers as well
as GPS navigation systems for the automotive and aviation markets.
   Simrad Yachting is a leading provider of marine electronics to
high-end leisure boats and smaller commercial vessels.

   Notice to Lowrance stockholders:

   This announcement is neither an offer to purchase nor a
solicitation of an offer to sell securities. The tender offer is being
made pursuant to a Tender Offer Statement on Schedule TO (including
the Offer to Purchase, Letter of Transmittal and other related tender
offer materials) filed by Simrad Yachting and Navico with the SEC. In
addition, Lowrance filed a Solicitation/Recommendation Statement on
Schedule 14D-9 with the SEC with respect to the tender offer. The
Tender Offer Statement (and related materials) and the
Solicitation/Recommendation Statement contain important information
that should be read carefully before any decision is made with respect
to the tender offer. Those materials may be obtained for free upon
request to Morrow & Co., Inc., the information agent for the tender
offer, at 470 West Avenue, Stamford, CT 06902, by calling toll free at
800-607-0088. In addition, all of those materials (and all other offer
documents filed with the SEC) will be available at no charge on the
SEC's Web site www.sec.gov.

   FORWARD-LOOKING STATEMENTS

   Certain statements in this announcement may constitute
"forward-looking statements." Actual results could differ materially
from those projected or forecast in the forward-looking statements.
The factors that could cause actual results to differ materially
include the level of shareholder acceptance of the proposed
transaction, any competing transactions, satisfaction of the remaining
conditions to the tender offer and other factors which may affect the
Company's business, financial condition, results of operations,
properties or prospects, including those discussed in "Risk Factors"
in Lowrance's Annual Report on Form 10-K for the most recently ended
fiscal year and Lowrance's other filings with the SEC, which are
available at www.sec.gov. None of Lowrance, Simrad Yachting or Navico
Acquisition Corp. assumes any obligation to update the information in
this announcement, except as otherwise required by law. Readers are
cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof.