Citi Fun 29 Regulatory News (AD49)

2 Jan 2008 12:22

Leumi International Investments NV02 January 2008 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: jennifer@bll.co.il 1 January 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: Extension of Services Agreement with Union Bank Further to the Immediate Report filed by Bank Leumi le-Israel B.M. (the "Bank")on 18 April 2007, as set out below, the Bank announces that an agreement wassigned yesterday for the extension of the agreement for the provision ofcomputer and operating services by the Bank to Union Bank of Israel Ltd. The agreement is subject to the approval of the Antitrust General Director. Date and time at which the corporation first became aware of the event ormatter: 31 December 2007 at 13:00. Text of Immediate Report filed on 18 April 2007 Bank Leumi le-Israel B.M. (the "Bank") announces that, further to its proposalto Union Bank of Israel Ltd. ("Union Bank"), the two banks have reached anagreement for the extension of the agreement for the provision of comprehensivecomputer and operating services by the Bank to Union Bank signed in September2001 for a period which ends in 2009 (the said agreement is referred to in theAnnual Report of the Bank published on 28 March 2007). The period of the new agreement is 10 years as from 1 January 2007, andaccording to such agreement the Bank will be paid an annual consideration thatwill gradually increase from some NIS 40 million in the first two years, to someNIS 45 million as from the sixth year (the amounts are linked to the consumerprice index of December 2006 and are dependent on the volume of activities ofUnion Bank). Extension of the agreement is subject to the execution of a detailed agreement,the approval of the Supervisor of Banks and the approval of the Board ofDirectors of the Bank. ________________________________________________________________ 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: jennifer@bll.co.il This information is provided by RNS The company news service from the London Stock Exchange