NOWE FINANSE LIMITED - Notice Of An SGM

Hamilton, Bermuda - 01 October, 2009 - The Directors of Nowe Finanse Limited (the "Company" Ticker: NOWEFIN.BH), wish to advise that further to the Announcement released on 18 September 2009, they have today (1 October 2009) issued a Circular to Shareholders (the "Circular") detailing the proposals for the return of assets to Shareholders.

NOTICE OF SPECIAL GENERAL MEETING

A Special General Meeting of the Company will be held at 10.00 a.m. British Summer Time on 20 October 2009 at the offices of Charlemagne Capital (IOM) Limited, St. Mary's Court, 20 Hill Street, Douglas, Isle of Man, IM1 1EU, British Isles.  The Circular contains the Notice of the SGM, a Proxy Form for Shareholders unable to attend and vote in person, and a Form of Election in relation to the delivery of cash or in specie entitlements in accordance with the proposals contained in the Circular.

EXPECTED TIMETABLE

PROPOSALS

Under the terms of the Circular, if the Proposals are passed, Shareholders will be entitled to receive their entitlement to assets in the Company in Cash or in Specie and in Cash.  Shareholders should ensure that they review the Circular in its entirety and may contact Charlemagne Capital (UK) Limited, the original placing agent, if they have any queries.

In order to receive their entitlement, Shareholders must lodge their Form of Election with the Company (see below) by 10.00 a.m. on 20 October 2009.

SHAREHOLDERS HOLDING SHARES THROUGH EUROCLEAR OR CLEARSTREAM

Shareholders holding their shares via Euroclear or Clearstream should note that they can only exercise their votes or make elections attributable to their Shares by transmitting voting and delivery instructions to Euroclear or Clearstream.  These instructions must be given by the actual participant in whose Euroclear or Clearstream account the relevant Shares are held.  On receipt of these instructions Euroclear's or Clearstream's registered holder, as appropriate, will complete the Form of Proxy and Form of Election in accordance with the voting and delivery instructions received from the participant.

Shareholders should be aware that Euroclear and Clearstream will set their own deadlines for receipt of instructions which is usually 48 hours prior to the deadline set by the Company.  This is to ensure Eurocear and Clearstream have sufficient time to process the instructions received accordingly.

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