15th Sep 2008 08:58
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]
15 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: Sale of Shares in Cellcom
Bank Leumi le-Israel B.M. (the "Bank") announces as follows: On 14 September 2008, Leumi & Co. Investment House Ltd. ("Leumi & Co."), a wholly owned subsidiary of the Bank, sold its remaining holding of 2,172,000 shares of Cellcom Israel Ltd. (some 2.23%), at a price of some NIS 109.0 per share, for an aggregate consideration of some NIS 236.7 million. The sale is expected to yield to the Bank (which presents the results of Leumi & Co. on a fully consolidated basis in its financial statements) a net after tax profit of some NIS 73.0 million.
Date and time at which the corporation first became aware of the event or matter:
14 September 2008 at 17:00.
________________________________________________________________
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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