Retalix Calls 2005 Annual Shareholder Meeting; Agenda Includes Appointment of New Independent Auditor

Business Wire, March 24, 2005

RA'ANANA, Israel -- Retalix Ltd. (NASDAQ:RTLX) today announced that at its 2005 annual meeting, its shareholders will be asked to appoint a new independent auditor. The current term of the Company's auditor is scheduled to expire at the 2005 annual shareholder meeting. The Company's Audit Committee and Board of Directors have recommended that the shareholders appoint Kost, Forer, Gabbay & Kasierer, a Member of Ernst & Young Global, as the Company's auditor. The recommendation to rotate the Company's independent auditor was made as part of a corporate governance review.

The reports of the Company's current auditor in regard to the Company's financial statements for the two most recent fiscal years contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principle. In addition, during such period, there were no disagreements on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the Company's current auditor, would have caused it to make reference to the subject matter of the disagreements in connection with its reports.

The Company's 2005 annual meeting of shareholders will be held on April 19, 2005 at 14:00 a.m. Israel time, at the offices of the Company, 10 Zarhin Street, Ra'anana, Israel. The record date for the meeting is April 4, 2005. The agenda of the meeting is as follows:

1. the election of directors;
2. the appointment of Kost, Forer, Gabbay & Kasierer, a Member of
Ernst & Young Global, as the Company's independent auditor, in place
of the Company's current auditor; and
3. a discussion of the Company's audited financial statements for
the year ended December 31, 2004.

About Retalix Ltd.

Retalix Ltd., with North American headquarters in Dallas, TX, provides integrated enterprise-wide software solutions for the global food and fuel retail industries, including supermarkets, convenience stores, fuel stations and restaurants. The Company offers a full suite of software applications that support a food retailer's essential retailing operations and enable retailers to increase their operating efficiencies while improving customer acquisition, retention and profitability. With installations in more than 33,000 stores and across 50 countries, the Company markets its software solutions through direct sales, distributors, local dealers and its various subsidiaries. For more information, please visit the Company's web site at www.retalix.com.