22nd Aug 2007 08:58
Leumi International Investments NV22 August 2007 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] 22 August 2007 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: Sale of Conglomerate Further to the Immediate Report filed on 5 July 2007, Bank Leumi le-Israel B.M.(the "Bank") announces that following discussions regarding the holdings of theBank in real (non-banking) holding companies, and in light of the Bank ofIsrael's position (and subject to the continuance of the current discussionswith the Bank of Israel in this regard, wherein the Bank disagrees with the Bankof Israel's position), the Bank intends (as of the date of this decision) toattempt to sell its holdings in Paz Oil Company Ltd. (15.63% of the sharecapital and voting rights - 15.24% on a fully-diluted basis); this being subjectto the conditions, the circumstances and additional examinations and taking intoaccount the timetables set by the Bank of Israel (namely, by 30 June 2009), andsubject to there being no change in the dates set or position of the Bank ofIsrael. Date and time at which the corporation first became aware of the event ormatter: 21 August 2007 at 19:00.___________________________________________________________________________ Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President,Group SecretaryPOB 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 ExchangeRelated Shares:
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