Company Announcement No. 18/2008 Copenhagen, Denmark April 29, 2008 Change in Management In accordance with previously announced expectations Mr. Boje Rinhart will leave the Company's management board effective April 30, 2008. The Company's management board hereafter consists of Mr. Per Brøndum Andersen. In a consultant capacity Boje Rinhart will continue to assist the Company in matters relating to its IT investments. For further information on Olicom please visit www.olicom.com or contact CEO Per Brøndum Andersen phone +45 4527 0000 or e-mail pba@olicom.com.