Inna Braverman Receives the Prestigious Global Leadership Award from Vital Voices by Former Secretary of State Hillary Clinton

EWPG Holding AB (publ) United States of America

back in May 2023. Just weeks ago, SB 605 was signed into law by California Governor Gavin Newsom, a significant moment for the wave energy industry in America.

The following day, Braverman met with US Congresswoman Barragán to update her on SB 605 and the company's upcoming project at AltaSea at the Port of Los Angeles, which is in the Congresswoman's district. They have also discussed the importance of a potential legislation for wave energy on the federal level, which will significantly assist the implementation of more wave energy projects within the U.S.

Cong. Barragán, who serves on the House Committee on Energy and Commerce and its Subcommittee on Energy, Climate, and Grid Security, toured Eco Wave Power's wave energy power station at AltaSea in September 2022, and expressed her excitement to have Eco Wave Power's innovative technology at AltaSea.

About Vital Voices Global Partnership

Now celebrating 26 years, Vital Voices Global Partnership has directly invested in more than 20,000 women leaders across 185 countries and territories since its inception in 1997. Driven by the universal truth that women are the key to progress in their communities and nations cannot move forward without women in leadership positions, Vital Voices has provided early support for leaders who went on to become Nobel Peace Prize Laureates, U.S. Youth Poet Laureates, prime ministers, award-winning innovators, pioneering human rights defenders, and breakthrough social entrepreneurs, including Amanda Gorman and Malala Yousafzai. In an effort to advance and expand this work, in 2022 Vital Voices opened the doors to the world's first global embassy for women, the Vital Voices Global Headquarters for Women's Leadership. It is a first-of-its-kind space that allows for convening, innovation, planning, and action—all in the pursuit of serving women leaders who are taking on the world's greatest challenges.

About Eco Wave Power Global AB (publ)

Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power's mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.

The Company completed construction of and received all approvals for its grid connected project in Israel, with co-investment from the Israeli Energy Ministry, which recognized the Eco Wave Power's technology as "Pioneering Technology." The EWP-EDF One station project marks the first grid-connected wave energy system in Israeli history. Eco Wave Power will soon commence the installation of its newest pilot in AltaSea's premises in the Port of Los Angeles, and plans to move towards its first commercial installation in Portugal. In addition, the Company holds concession agreements for commercial installations in Europe and has a total projects pipeline of 404.7MW.

Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission's Horizon 2020 framework program. The Company has also received the "Global Climate Action Award" from the United Nations.

Eco Wave Power's American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.

Read more about Eco Wave Power at www.ecowavepower.com Information on, or accessible through, the websites mentioned above does not form part of this press release.

For more information, please contact:

Inna Braverman, CEO
[e-mail]
[phone]

For media inquiries, please contact:

Jacob Scott, Vectis Strategies
[phone]
[e-mail]

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will", or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power's control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading "Risk Factors" in Eco Wave Power's Annual Report on Form 20-F for the fiscal year ended December 31, 2022 filed with the SEC on April 27, 2023, which is available on the on the SEC's website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.

The following files are available for download:

https://mb.cision.com/Main/18497/3867368/2402697.pdf

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