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HeartWare International, Inc. Closes US$60 Million Financing
Date:8/17/2009

FRAMINGHAM, Mass., and SYDNEY, Aug. 17 /PRNewswire-FirstCall/ -- HeartWare International, Inc. (Nasdaq: HTWR) (ASX: HIN) announced today the completion of its offering of approximately 2.7 million shares of its common stock in a private placement in the United States and Australia (the "Offerings"). Investors in the Offerings purchased the shares at a purchase price of US$22.00 per share resulting in gross proceeds of approximately US$60 million to HeartWare, before deducting the placement agent's fee and estimated offering expenses.

The issuance of approximately 1.39 million of the total number of shares that investors have committed to purchase in the Offerings is subject to approval of HeartWare's stockholders in accordance with Australian Securities Exchange Listing Rules and Nasdaq Stock Market Rules and, as a result, approximately US$30.5 million of the proceeds Offerings will be held in escrow and will be released if and when stockholder approval is obtained. The meeting of the stockholders will be scheduled for a date prior to December 15, 2009.

The securities described herein have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and unless so registered may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of our securities in any jurisdiction.

About HeartWare International

HeartWare International develops and manufactures miniaturized implantable heart pumps, or Left Ventricular Assist Devices (LVADs), to treat p
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SOURCE HeartWare International, Inc.
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