NOWE FINANSE LIMITED - Results of Special General Meeting

Hamilton, Bermuda - 22 October, 2009 - The Directors of Nowe Finanse Limited (the "Company" Ticker: NOWEFIN.BH), wish to advise that the Proposals put to Shareholders outlined in the Circular dated 1 October 2009 were passed at the Special General Meeting of the Company held on 20 October 2009.

Shareholders representing 55,950 shares voted in favour of the Proposals.  There were no votes received against or abstaining from adopting the Resolution. 

Accordingly, the Resolution was passed and the Terminal Asset Value of the Company was calculated as of close of business on 20 October.

Of the 4,340,500 shares in issue, shareholders representing 4,227,849 shares elected to take the in specie and in cash option and shareholders representing 112,651 shares elected to take the cash option.

Shareholder who elected for the cash option will receive EUR9.536 per share.  Shareholders who elected to receive their entitlement in specie and in cash will receive for each share in the Company, 0.095772 PZU shares and EUR0.880 in cash.

The expected Distribution Date is 26 October 2009.

It is intended that the Company will make application to de-list from the Official List of the Bermuda Stock Exchange effective 23 October 2009 or as soon as possible thereafter.

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