PRESS RELEASE
          Contact: Clyne Media, Inc.
          Tel: (615) 662-1616
          Fax: (615) 662-1636
         FOR IMMEDIATE RELEASE
         WAVES OFFERS TLC THEFT & LOSS COVERAGE 
          
          PROTECTION TO WAVES V6 USERS 
        TEL AVIV, ISRAEL, November 20, 2008 — Waves 
          Audio is now offering its new TLC Theft & Loss Coverage protection 
          program exclusively to users of Waves V6 as part of its Waves Update 
          Plan. With TLC, users’ software investment is protected, and they 
          will never have to worry about losing their Waves authorizations due 
          to theft or loss of their iLok key. 
        TLC represents the latest in Waves’ extensive efforts 
          to enhance the overall user experience. Here’s how it works: Every 
          3 months, TLC enrollees will be granted new TLC product licenses, including 
          a convenient 7-day overlap. Users will simply log into their iLok.com 
          account and download the TLC license, and they will never have to miss 
          a session. That way, no matter what happens to their iLok, they will 
          always be able to authorize their Waves software and get back into the 
          groove.
        Until now, the only coverage available to users was through 
          their own insurance carriers, however most carriers do not offer comprehensive 
          software insurance. In the unfortunate case of a stolen, damaged or 
          missing iLok software authorization key, users suffered losses of up 
          to tens of thousands of dollars as well as valuable session time. Thanks 
          to TLC, their Waves Audio software is safe and sound, and reauthorization 
          can take place in a matter of minutes.
        TLC Theft & Loss Coverage is available exclusively 
          to Waves V6 users. For more information, please visit www.waves.com.
        
          ...ends 230 words
        About Waves Ltd.:
          Waves is a leading provider of audio DSP solutions for professional, 
          broadcast, and consumer electronics audio markets. Waves has fifteen 
          years of expertise in the development of psycho-acoustic signal processing 
          algorithms that leverage knowledge on the human perception of hearing 
          to radically improve perceived sound quality. Waves’ award-winning 
          processors are utilized to improve sound quality in the creation of 
          the world’s most popular music, movie soundtracks, and multimedia 
          titles. Waves offers computer software solutions and hardware plus software 
          solutions for the professional and broadcast markets. Waves also offers 
          semiconductor with embedded software solutions under the Maxx brand 
          for the consumer electronics audio applications. Waves’ Maxx technology 
          dramatically enhances audio performance in consumer applications and 
          has been licensed to several leading companies, including Motorola and 
          Microsoft. For more information, visit the Waves web site at http://www.waves.com.
        Other brand and product names may be trademarks 
          of the respective companies with which they are associated.
        Waves Contacts:
          North America Offices:
          Waves, Inc., 2800 Merchants Drive, Knoxville, TN 37912; 
          Tel: 865-909-9200, Fax: 865-909-9245, Email: info@waves.com, 
          Web: http://www.waves.com
        Corporate Headquarters Israel:
          Waves Ltd., Azrieli Center, The Triangle Tower, 32nd Floor, 132 Derech 
          Petach-Tikva, 
          Tel-Aviv 67027, Israel; Tel: 972-3-608-4000, Fax: 972-3-608-4056, Email: 
          info@waves.com, 
          Web: http://www.waves.com
        Waves Public Relations:
          Clyne Media, Inc., 169-B Belle Forest Circle, Nashville, TN 37221;
          Tel: 615-662-1616, Fax: 615-662-1636, Email: robert@clynemedia.com, 
          
          Web: https://clynemedia.com