Accounting irregularities in one of New Wave Groups German subsidiaries

Accounting irregularities in one of New Wave Groups German subsidiaries

Due to financial irregularities and wrong accounting of assets and
liabilities in one of New Wave Group's German subsidiaries, the group's
operating profit will be negatively affected by some MSEK 23,5, and will
be reported as an item affecting comparability in the interim report
that will be presented the 12 august. The internal investigation shows
that the irregularities have been ongoing for three years. As a
consequence of this, the subsidiary's CEO and CFO has left the company.
Investigation of insurance compensation, recoveries and damages is
ongoing.

As previously informed, the division for cut crystal in Orrefors Kosta
Boda will be closed down. This will have a negative effect on the
operating result with MSEK 7. In total, the operating result for the
second quarter will be charged with some MSEK 30.5 in non-recurring
items. The operating result for the first six months will amount to some
MSEK 90 which is some MSEK 15 lower than previous year.

Göteborg 26 july 2011

New Wave Group AB (publ)
Torsten Jansson
CEO

For more information, please contact:
Torsten Jansson         CEO New Wave Group           Tele: 031-712 89 01
Rolf Karp                   CEO New Wave Group           Tele: 031-712
89 05
Lars Jönsson             CFO New Wave Group           Tele: 031-712 89
12