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 www.nova.co.il . 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 release. Contact: Chai Toren, CFO and Vice President Nova Measuring Instruments Ltd. Tel: 972-8-938-7505 firstname.lastname@example.org http://www.nova.co.il
SOURCE Nova Measuring Instruments Ltd.