30 November 2012
xG Technology, Inc.
("xG","xG Technology" or the "Company")
Total Voting Rights
xG, the developer of a portfolio of wireless communications technologies, including cognitive radio networks, announces that the Company's issued share capital at the date of this announcement consists of 211,468,130 shares of common stock with a nominal value of $0.01 each ("Shares"), each Share having equal voting rights. The Company holds 80,000 Shares in treasury. Therefore, the total number of Shares with voting rights is 211,388,130. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
John Coleman, Chief Executive Officer
+1 212 651 4219
Roger Branton, Chief Financial Officer
James Woodyatt, Investor Relations
+1 954 572 0395
Allenby Capital Limited (Nominated Adviser and Broker)
+44 20 3328 5656
First Columbus LLP (Joint Broker)
+44 20 3002 2073
Fusion PR (Media and Analyst Relations)
+1 212 651 4200
ABOUT XG TECHNOLOGY
xG Technology is a leading developer of innovative and disruptive communications technologies for wireless networks. Its patented intellectual property portfolio covers a broad range of applications, including smart wireless networks that can help address the looming global spectrum shortage. The Company is commercializing some of these technologies to create xMax, the World's first carrier-class cognitive (i.e. smart) radio network. xMax's standards-based IP architecture minimizes network deployment, management and operational costs while simplifying the delivery of fixed and mobile services. Using field-proven technology, xMax enables the delivery of mobile broadband services in both licensed and unlicensed bands. xMax enables carriers and other wireless network operators to utilize and monetize free unlicensed spectrum to deliver high quality voice and data services. Based in the USA, xG has over 60 US and more than 130 international patents and pending patent applications. For more information, please visit www.xgtechnology.com.
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