Ralph Saettele to Head WaveLight's U.S. Subsidiary; WaveLight Prepares for Next Stage of Growth

Mr. Saettele is the Assistant to the CEO of WaveLight AG, MaxReindl, and has been responsible for business development of WaveLightAG's ophthalmology division.

Mr. Saettele shares a common vision with the existing WaveLightInc. management team, which will work closely with Mr. Saettele duringthis transition. In addition, Mr. Saettele is supported by Max Reindland Mr. Alfred Neubert, executive board member of WaveLight AG.

"WaveLight's significant growth in the U.S. market sinceestablishing its subsidiary three years ago in Virginia sets the stagefor new leadership going forward," Max Reindl, CEO of WaveLight AGstated. "I have enjoyed working closely with Ralph and believe he hasthe skills and experience to oversee our U.S. operations."

WaveLight's 2004/2005 fiscal year was the most successful in thecompany's history with revenues approximated at EUR 80.7 million.According to a Market Scope Comprehensive Report published in November2005, WaveLight sold more refractive laser systems in the U.S. andworldwide than any other manufacturer. As reported earlier, at EUR39.6 million, revenues generated in the first six months of thecurrent 2005/2006 fiscal year to January 31, 2006, increased by around15 percent compared with the prior-year period (EUR 34.4 million).

WaveLight AG (ISIN DE 000 512 5603)

WaveLight AG, listed in Deutsche Borse AG's Prime Standard sinceJanuary 2003, develops, produces, and markets a high-quality,end-to-end product portfolio in the fields of ophthalmology andaesthetics. WaveLight's market success is based on its innovativerange of products that are the technology leaders in their areas ofapplication and its broad-based sales network featuring both own saleschannels and strategic partners. In the past fiscal year 2004/2005,WaveLight generated revenues of EUR 80.7 million and EBIT of EUR 8.8million. Its average growth rate (CAGR) since 2000/2001 amounts to 35percent for revenues and 63 percent for EBIT.

Further information on WaveLight is available at:www.wavelight.com.