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Notice re Exposure to Lehman

18th Sep 2008 13:37

RNS Number : 7645D
Leumi International Investments NV
18 September 2008
 



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]

 18 September 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 the Event: Immediate Report

Bank Leumi le-Israel B.M. (the "Bank") announces that further to its immediate report of 16 September 2008, the consideration that the Bank was to have received from a company in the US investment bank Lehman Brothers group, in respect of the redemption of a security (certificate) issued by said company in the amount of some US$100 million, had not been received as of the date of this report.

Therefore, the Bank has taken legal action in order to attach assets in Israel of companies in the Lehman Brothers group.

 

 

Date and time at which the corporation first became aware of the event or matter:

17 September 2008.

________________________________________________________________

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]

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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