InspireMD Announces Public Offering for Approximately $13.5 Million BOSTON, MA

InspireMD Announces Public Offering for

Approximately $13.5 Million

BOSTON, MA - March 4, 2015

- InspireMD, Inc. ("InspireMD" or the "Company") (NYSE MKT: NSPR), a leader in

embolic protection systems ("EPS"), today announced that it has entered into a definitive agreement to sell up to

approximately 34 million shares of common stock and warrants to purchase up to approximately 34 million shares of common

stock in a public offering. The common stock will be sold at a negotiated purchase price of $0.40 per share, and each

purchaser will receive a warrant to purchase one share of common stock for each share of common stock that it purchases in

the offering. The warrants shall be exercisable immediately and have a term of exercise of five years from the date of

issuance and an exercise price of $0.55. The Company expects to receive gross proceeds from the offering of approximately

$13.5 million, before deducting placement agents' fees and estimated offering expenses.

The offering is expected to close on or about March 9, 2015,

subject to customary closing conditions.

H.C. Wainwright & Co., LLC, is serving as the sole bookrunner

for this offering. Dawson James Securities, Inc. is serving as co-manager.

The Company intends to use the net proceeds from this offering

to commercially launch CGuard EPS, conduct sales activities related to MGuard Prime EPS, advance the development

of its pipeline, and for general corporate purposes.

The securities described above are being offered pursuant to

a shelf registration statement on Form S-3 which was filed with the Securities and Exchange Commission ("SEC") and was

declared effective on November 27, 2013. A preliminary prospectus supplement relating to the offering was filed with the SEC on

March 3, 2015 and a final prospectus supplement relating to the offering will be filed with the SEC by March 5, 2015. Copies of

the prospectus supplement and accompanying prospectus relating to the offering may be obtained from H.C. Wainwright & Co.,

LLC by e-mailing placements@hcwco.com or by calling 212-356-0530.

This press release shall not constitute an offer to sell or

the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such

offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state

About InspireMD, Inc.

InspireMD seeks to utilize its proprietary MGuard

with MicroNet technology to make its products the industry standard for embolic protection and to provide a superior solution

to the key clinical issues of current stenting in patients with a high risk of distal embolization, no reflow and major adverse

InspireMD intends to pursue applications of this MicroNet technology

in coronary, carotid (CGuard), neurovascular, and peripheral artery procedures. InspireMD's common stock is quoted on the NYSE

MKT under the ticker symbol NSPR.

Forward-looking Statements

This press release contains "forward-looking

statements." Such statements may be preceded by the words "intends," "may," "will," "plans,"

"expects," "anticipates," "projects," "predicts," "estimates," "aims,"

"believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees

of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many

of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially

from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks

and uncertainties associated with (i) market acceptance of our existing and new products, (ii) negative clinical trial results

or lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv)

intense competition in the medical device industry from much larger, multinational companies, (v) product liability claims, (vi)

product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient

or inadequate reimbursement by governmental and other third party payers for our products, (ix) our efforts to successfully obtain

and maintain intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory

reform of the healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product

components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that

such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign

jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and

costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about

the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company's filings

with the Securities and Exchange Commission (SEC), including the Company's Transition Report on Form 10-KT and its Quarterly Reports

on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov.

The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future

events or otherwise.

Chief Financial Officer

Phone: 1-888-776-6804

Email: craigs@inspiremd.com