Nova Ltd. — Capital/Financing Update 2008

Mar 3, 2008

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Company Contact: Dror David, Chief Financial Officer Nova Measuring Instruments Ltd. Tel: 972-8-938-7505 E-mail: info@nova.co.il http://www.nova.co.il

Investor Relations Contacts: Ehud Helft / Kenny Green GK Investor Relations Tel: +1-646-201-9246 E-mail: info@gkir.com

Nova Announces Follow-on Order from China’s Largest Foundry for its Metrology Solutions

Order for second fab is part of multi-million dollar deal to supply combination of stand-alone and integrated metrology solutions

REHOVOT, Israel, March 3, 2008 - Nova Measuring Instruments Ltd. (NASDAQ: NVMI) provider of leading edge stand-alone metrology and the market leader of integrated metrology solutions to the semiconductor process control market, announced a follow on NovaScan stand-alone order from the largest foundry in China as part of a multi million dollar deal to supply its stand alone metrology, integrated metrology and NovaMARS application development solutions.

Nova is providing multiple units of its NovaScan Optical CD and shape profiling metrology solution together with its market leading modeling SW the NovaMARS, for 2D and 3D modeling. The first NovaScan tools were installed in 2007 and, according to the customer, the NovaScan stand-alone tool demonstrated better performance than competitors, including higher throughput. The customer also noted Nova’s excellent support. Both fabs will use a combination of stand-alone and integrated metrology solutions.

“We are proud to be chosen to supply our shape profiling metrology solution to this major foundry’s second location,“ said Dov Farkash, VP of Sales for Nova, “As demonstrated at the customer’s site, our system offers superior metrology performance and throughput, providing the most capable and cost effective solution in the market. Our ability to provide a solution combining both stand-alone and integrated metrology platforms and state-of-the-art modeling software, as well as superior customer support, creates a clear advantage for the customer. We believe that this major foundry, with its leading position, is setting the trend for China’s semiconductor industry and we look forward to supporting them as they pursue further expansion plans in the future.”

About Nova : Nova Measuring Instruments Ltd. develops, produces and markets advanced integrated and stand alone metrology solutions for the semiconductor manufacturing industry. Nova is traded on the NASDAQ & TASE under the symbol NVMI. The Company's website is www.nova.co.il.

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products, expected deliveries, transaction, expected revenues, operating results, earnings and profitability.

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Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: our dependency on a single integrated process control product line; the highly cyclical nature of the markets we target; our inability to reduce spending during a slowdown in the semiconductor industry; our ability to respond effectively on a timely basis to rapid technological changes; risks associated with our dependence on a single manufacturing facility; our ability to expand our manufacturing capacity or marketing efforts to support our future growth; our dependency on a small number of large customers and small number of suppliers; risks related to our intellectual property; 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; changes in tax requirements; changes in customer demand for our products and risks related to our operations in Israel. We 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 Annual Report on Form 20-F for the year ended December 31, 2006 filed with the Securities and Exchange Commission on May 11, 2007. 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

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