Nova Measuring Instruments Ltd. Announces an Extraordinary Shareholders' Meeting Shall Be Held on March 31, 2004

Feb 25, 2004, 00:00 ET from Nova Measuring Instruments Ltd.

    NESS ZIONA, Israel, Feb. 25 /PRNewswire-FirstCall/ -- Nova Measuring
 Instruments Ltd. (Nasdaq:   NVMI) (the "Company"), announces that today, its
 Board of Directors has resolved to hold an extraordinary shareholders' meeting
 (the "Meeting") on March 31, 2004 at 17:00 (local time) at the Company's
 registered offices.
     Items on the agenda are as follows: (i) Approval of the Framework
 Employee Stock Option Plan 7, and empowerment of the Board of Directors to
 allocate options in accordance with the plan; and (ii) Approval of the
 Company's Audit Committee and Board of Directors' resolutions to  grant
 options to the Company's  directors.
     Shareholders of record as of the close of business on February 25, 2004
 (the "Record Date") are entitled to notice of and to vote at the Meeting.
     Proxy materials will be published no later than 21 days prior to the date
 in which the Meeting is to be held.
     About Nova: Nova Measuring Instruments Ltd. develops, designs and produces
 integrated process control systems in the semiconductor manufacturing
 industry. Nova provides a broad range of integrated process control solutions
 that link between different semiconductor processes and process equipment. The
 company's web site is .
     This press release may contain forward-looking statements, including
 statements related to anticipated growth rates, manufacturing capacity and tax
 rate. Actual results may differ materially from those projected due to a
 number of risks, including changes in customer demands for our products, new
 product offerings from our competitors, changes in or an inability to execute
 our business strategy, unanticipated manufacturing or supply problems, or
 changes in tax requirements. Nova cannot guarantee future results, levels of
 activity, performance or achievements. The matters discussed in this press
 release also involve risks and uncertainties summarized under the heading
 "Risk Factors" in Nova's Form F-1 filed with the Securities and Exchange
 Commission on April 9, 2000. These factors are updated from time to time
 through the filing of reports and registration statements with the Securities
 and Exchange Commission. Nova Measuring Instruments Ltd. does not assume any
 obligation to update the forward-looking information contained in this press
      Chai Toren, CFO and Vice President
      Nova Measuring Instruments Ltd.
      Tel: 972-8-938-7505

SOURCE Nova Measuring Instruments Ltd.