Israel Opportunity 2005 Conference for International Investors in London

Business Wire, June 20, 2005

TEL AVIV, Israel -- The TASE's annual conference for investment managers at international funds that invest in Israel will be held in London this year, in July 7, 2005. This is the fourth time the TASE has held the annual event in London, as part of its activity aimed at encouraging foreign investments in Israel. This year's conference will be held in collaboration with the Israeli embassy in London and Deutsche Bank.

Keynote speakers at the conference are Mr. Benjamin Netanyahu, Minister of Finance, and Mr. Moshe Tery, Chairman of the Israel Securities Authority. CEOs of the large listed companies Teva, Bank Leumi, Israel Corporation, Discount Investment, Delek Group, El-Al, Africa-Israel Investments and Makhteshim Agan will present their companies' activity. In addition, the Exchange-Traded Funds will be presented, for the first time, by Clal Finance and KSM Financial Instruments.

Ronit Harel Ben-Ze'ev, Senior Vice President and Head of the Economic Department at the TASE, commented that the London conference is an important part of the TASE's activity aimed at strengthening the ties of the TASE and the heads of leading listed companies with international investors: "Foreign investors' activity in Israel has a great deal of influence on the TASE in particular and on the capital market in general. The increase in foreign investments in TASE stocks, from $480 million in 2004 to $1.4 billion in the first five months of 2005, is an expression of investors' highly positive view of the Israeli economy."

About The Tel-Aviv Stock Exchange

The Tel-Aviv Stock Exchange, founded in 1953, is owned by its 25 member firms and is regulated by the Israel Securities Authority. The TASE offers international investors a combination of attractive investment opportunities and a full complement of market services. The exchange trades shares, fixed-income instruments, and derivatives on a single, fully automated trading platform. Clearing and settlement of all trades are executed in-house, through the TASE's wholly owned clearing house, which also serves as Israel's central securities depository.