EWPG Holding AB (publ) (“Eco Wave Power” of the “Company”) today announces
the
start of trading of the Company’s share on Nasdaq First North Stockholm.
The
offering attracted interest from institutional investors AP4 and Skandia
Fonder
as well as the general public and allows Eco Wave Power to execute on
its plan
to commercialize wave power.
Prior to listing, Eco Wave Power
completed a new share issue corresponding to
approximately SEK 121.8 million.
The proceeds will predominately be used for
building Eco Wave Power’s first
commercial wave farm, which will be a huge step
towards the commercialization
of wave energy and positioning it as an integral
part of the world’s renewable
energy mix. In addition, the funds will be used
for expanding Eco Wave Power’s
project pipeline, bringing more projects into the
ready-to-build phase and for
increasing sales and marketing activities.

“We are committed to contribute in
the fight against climate change and the
listing of Eco Wave Power will
strengthen the Company's market position and
assist us in reaching our
ambitious plans,” said Inna Braverman, CEO of Eco Wave
Power. “We look forward
to taking Eco Wave Power to the next level.”

The issue in brief
Issued amount:
SEK 121,791,786
Number of issued shares: 6,410,094
Issue price: SEK 19.00 per
share
Short name: EWP
ISIN: SE0012569663
After the new share issue there are
35,249,344 shares in Eco Wave Power.

Advisors
Naventus Corporate Finance AB
was the financial adviser in connection with the
listing and new share issue.
Avanza Bank AB and Nordnet Bank AB have been
selling agents. Aktieinvest FK AB
is the issuing agent.

FNCA Sweden AB, +46(0)8-528 00 399, info@fnca.se, is the
company’s Certified
Adviser.

For more information:
Inna Braverman,
CEO
inna@ecowavepower.com
+972 350 940 17

Andreas Kihlblom,
CFO
andreas@ecowavepower.com
+46 (0)8 420 026 94

About Eco Wave Power
Eco Wave
Power has developed a patented, smart and cost-efficient technology for
turning
ocean and sea waves into green electricity. Eco Wave Power is the only
wave
energy company in the world, to own and operate a wave energy array, which
is
connected to the grid in accordance with a Power Purchase Agreement, PPA.
Eco
Wave Power is a Swedish company, founded in Tel Aviv, Israel, in
2011

Important information
This document has not been approved by any
regulatory authority. The document is
a press release and not a prospectus and
investors shall not subscribe or
purchase securities referred to in this
document except on the basis of the
information contained in the prospectus
approved by the Swedish Financial
Supervisory Authority (Sw:
Finansinspektionen) and made available on the
Company's website. Distribution
of this press release may in certain
jurisdictions be subject to restrictions
by law and persons who have access to
this, or part of this, are required to
inform themselves of, and comply with,
such legal restrictions. Information in
this press release shall not constitute
an offer to sell shares, or a
solicitation of any offer to purchase shares, nor
shall there be any sale of
the securities referred to herein, in any
jurisdiction where such offer,
solicitation of any offer to purchase, or sale
would require preparing an
additional prospectus or other offering documents or
would not be lawful
without registration or applicable exemption from
registration under the
securities laws of such jurisdiction. This press release
does not constitute,
or is part of, an offer or a solicitation of an offer to
purchase or subscribe
for securities in the United States. Securities referred
to herein have not and
will not be registered in accordance with the US
Securities Act of 1933
(Securities Act) and may not be offered or sold within
the United States
without registration in accordance with the Securities Act, or
an exemption
therefrom. Securities referred to herein are not offered to the
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