20th May 2008 13:48
BANK LEUMI LE-ISRAEL B.M.
(GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE
PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.)
Translation of Immediate Report
Bank Leumi le-Israel B.M.
Registration No. 520018078
Securities of the Corporation are listed on The Tel Aviv Stock Exchange
Abbreviated Name: Leumi
Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546
Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732
Electronic Mail: [email protected]
20 May 2008
To: Israel Securities Authority (www.isa.gov.il)
The Tel Aviv Stock Exchange (www.tase.co.il)
Immediate Report regarding an Event or Matter falling outside the Ordinary Course of Business of the Corporation
Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970
Nature of Report: Date for Sale of Holdings in Migdal
Further to the Immediate Reports of Bank Leumi le-Israel B.M. (the "Bank") of 16 October 2005, 16 March 2006 and 7 January 2008, according to which the Bank is required to sell its entire holdings in Migdal Insurance and Financial Holdings Ltd. ("Migdal"), where this sale may be carried out in stages up to 30 June 2008, the Bank hereby announces that the Bank of Israel has agreed that the sale of the entire balance of the Bank's holdings in Migdal (some 9.89% undiluted) may be made by no later than 31 December 2008 (instead of 30 June 2008 as stated).
In addition, the Bank of Israel announced that should a memorandum for the amendment of the Banking (Licensing) Law be submitted by 31 December 2008, whereby an insurer is excluded from the definition of a real (non-banking) holding company, it will reconsider its position in this regard.
Date and time at which the corporation first became aware of the event or matter:
19 May 2008 at 16:30.
________________________________________________________________
Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President, Group Secretary
POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,
Electronic Mail: [email protected]
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