25th Jun 2008 09:46
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]
25 June 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 Event: Filing of a Claim by Bank Leumi Switzerland
Bank Leumi le-Israel B.M. (the "Bank") hereby announces as follows:
On or about 2 July 2008, criminal proceedings are expected to be commenced by the Swiss government, through its district attorney, against Ernest Infeld and other defendants who were not employees of Bank Leumi Switzerland (a subsidiary of the Bank), in respect of fraud, falsification of documents, deception and breach of trust to a corporation, carried out by them against Bank Leumi Switzerland and its customers, which were discovered in January 2001.
Bank Leumi Switzerland decided to join an accompanying civil claim to the criminal indictment - which claim is connected to the criminal proceeding - against Ernest Infeld and four of the defendants, for the amount of the direct damage suffered by it due to their actions as detailed in the indictment, for an amount of CHF 106,646,599. The amount of the claim reflects only the direct damage suffered by Bank Leumi Switzerland after offsetting the relative portion of the insurance proceeds received from the insurers in respect of the actions and damages underlying the indictment.
Date and time at which the corporation first became aware of the event or matter:
25 June 2008 at 09:15.
________________________________________________________________
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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