Company Update

B.S.D. CROWN LTD - Company Update

PR Newswire

London, November 11

BSD Crown Ltd. (LSE: BSD)

(the “Company”)

Company Update

Ramat Gan, 11 November 2015

Re: BGI Investments (1961) LTD - Extension of date for the Submission of response to the Motion for the Enforcement of Pledges and the Appointment of a Receiver - Filed in the District Court of Tel Aviv by the Trustee

Further to the Company’s announcement dated 27 October 2015 (available at www.bsd-c.com), regarding the urgent motions submitted by the trustee of the bondholders (Series 1) of BGI Investments (1961) LTD ("BGI"), the Company's controlling shareholder, to the District Court of Tel Aviv for the enforcement of pledges and the appointment of a receiver, the Company hereby announces that it has received a notification from BGI that following its agreement regarding the release of certain pledged deposits (an announcement about which was published by BGI on the Tel Aviv Stock Exchange publishing system – MAGNA on 4 November 2015) and based on agreed motions filed with the Court, the Court has extended the date for submission of a response by BGI to 28 November, 2015.

Enquiries:

Emil Budilovsky, Joint CEO, CFO and Company Secretary; [email protected]