Citi Fun 29 Regulatory News (AD49)

17 Apr 2008 14:49

Leumi International Investments NV17 April 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 17 April 2008 To: Israel Securities Authority (www.isa.gov.il) The Tel Aviv Stock Exchange (www.tase.co.il) Immediate Report Nature of the Event: Negotiations regarding Shares of Hot Further to the Immediate Report of yesterday, 16 April 2008, Bank Leumile-Israel B.M. (the "Bank") announces that today, 17 April 2008, Netvision Ltd.("Netvision") delivered to the Bank an offer, valid for a limited period oftime, for the purchase of shares of Hot - Communications Systems Ltd. ("Hot")held by the Bank (some 15% of the issued and paid-up share capital of Hot). The Bank has undertaken to Netvision that, for the limited period during whichthe offer is valid, it will negotiate exclusively with Netvision regarding thesale of the said shares. The Bank has not yet agreed to accept the offer, the acceptance being subject,inter alia, to the approval of the Board of Directors of the Bank. Should the Bank accept the offer, completion of the transaction will bedependent on the following conditions: (a) waiver or non-exercise of firstrefusal rights regarding the purchase of the shares being sold by theshareholders of Hot who are entitled thereto; (b) receipt of all legallyrequired permits for the purchase of the shares being sold, including theapproval of the Ministry of Communication and the Council for Cable andSatellite Transmissions, to the extent that same are required. Date and time at which the corporation first became aware of the event ormatter: 17 April 2008 at 15:00.________________________________________________________________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: jennifer@bll.co.il This information is provided by RNS The company news service from the London Stock Exchange