Brainsway Announces Receipt of Italian Ministry of Health Approval for Marketing and Sale of Deep TMS Device in Italy

7 September, 2009

Brainsway Announces Receipt of Italian Ministry of Health Approval for Marketing and Sale of Deep TMS Device in Italy

Further to the immediate report dated 7 October 2008 regarding receipt of the European Union's CE Mark, which permits marketing and sale of Brainsway Ltd.'s (the "Company's") Deep TMS device in the European Union; and further to the immediate reports dated 30 April 2009 and 17 June 2009, regarding the Company's association with ATID (Advanced Technologies Innovation Distribution SRL) for the purpose of marketing and sales promotion of the device in Italy, the Company is pleased to announce that now that the Italian Ministry of Health's database (the Italian repertorio) has been updated with all the details of the Company's Deep TMS device, the Company has received the Italian Ministry of Health's approval for the marketing and sale of the device in Italy for the treatment of depression patients.

Pursuant to this approval, the Company shall be permitted to sell the device to Italian governmental health institutions within two weeks, and it may already sell the device to other entities (such as physicians, clinics and private institutions).