Notification of Interest

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Amiad Filtration Systems

2. Reason for the notification   (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights 

YES

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify): Exemption DTR 5.1.5 (1)

3. Full name of person(s) subject to the notification obligation:

1.) Atorka Group hf.

4. Full name of shareholder(s) (if different from 3.):

1.) Atorka Group hf.

2.) Atorka Holding B.V.

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

30 September 2008

6. Date on which issuer notified:

N/A

7. Threshold(s) that is/are crossed or reached:

25%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights 

Number of shares 

Number of voting rights 

% of voting rights

Direct

Indirect 

Direct

Indirect

Ordinary Shares

IL0010943905

4,716,942

4,716,942

4,734,442

1,072,500

3,661, 942

5.7%

19.4%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument 

Expiration date 

Exercise/ Conversion Period/ Date 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

% of voting rights

4,734,442

25.09%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Arnar Mar Johannesson

15. Contact telephone number:

+354 540 6206