Date: 04.08.2008

Newave Energy Holding SA increases its previous shareholding in Newave España SA (Spain) from 30% to 85% by acquiring the additional participation from five other current shareholders. With this transaction Newave is continuing its successful corporate strategy and will create a much stronger platform for the growing Newave UPS business in the Spanish market. The closing of the transaction is expected by end of August 2008. The involved parties have agreed to observe secrecy about the purchase price.

Newave Energy Holding SA (SWX Swiss Exchange: NWEN), increases its existing shareholding in Newave España SA, Madrid / Spain from previously 30% to 85% by acquiring the additional participation from five other shareholders. Newave España SA was established in 2002 and, as a subsidiary, has been responsible for the distribution of Newave UPS products and services in Spain.

The acquired company had third party net sales of approximately EUR 3 million in fiscal year 2007 and currently employs ten people. The current Managing Director Mr. Miguel Angel Jimeno will continue to manage the company together with its staff of employees, and will hold the remaining 15% of Newave España SA.

The transaction is expected to close by end of August 2008, and the involved parties have agreed to observe secrecy about further details concerning the purchase price.

Commenting on the announcement Vllaznim Xhiha, CEO of Newave Energy Holding SA, said: “This acquisition is an important step in Newave’s strategy to grow its business in the major European UPS markets. Newave España has an excellent reputation for power protection competence and the quality of its services. We look forward to continuing the successful development of our subsidiary in Spain together with the actual and future Managing Director Miguel Jimeno and his team”.

For further information please contact:
Vllaznim Xhiha, Chief Executive Officer, Tel: +41 91 850 29 29
Patrick Sertori, Chief Financial Officer, Tel: +41 91 850 29 96

Upcoming dates:
2 September 2008 Publication 1st Half Year Results 2008

Information on Newave Energy Holding SA
www.newaveups.com
Ticker symbol: NWEN / Swiss Security No: 3041731 / ISIN No: CH0030417312

Newave develops, manufactures and markets technologically advanced UPS Systems for critical electronic devices and systems. Newave’s mission is to become, by means of organic growth and acquisitions, a leading European integrated solutions provider for UPS systems covering the full range of development, manufacturing, distribution and after sales services.
Newave was established in 1993. Its main operations are based in Quartino in the Canton Ticino (Switzerland). The company has wholly-owned subsidiaries and holds participations in companies dedicated to sales and services of Newave’s UPS systems in Switzerland and seven other countries (DE, AT, SF, NL, ES, BR and HK). It also cooperates with over 40 third party distributors and service providers. At year end 2007, Newave had 143 employees.

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This document does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. The securities of Newave Energy Holding SA have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States or to or for the account or the benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended) absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither Newave Energy Holding SA nor its shareholders intend to register any portion of the offering in the United States or conduct a public offering of securities in the United States.