Sign In
Last checked at 
16 Sep 2008 08:29
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
16 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: Immediate Report
Bank Leumi le-Israel B.M. (the "Bank") announces as follows:
Further to reports regarding the legal position of the US investment bank, Lehman Brothers (the "Lehman Group"), the extent of the Bank's exposure to the Lehman Group is hereby brought to the public's attention: The Leumi Group holds debentures, derivatives and credit derivatives (CDS) issued by the Lehman Group in the amount of some US$88 million, as detailed as follows: debentures with maturity dates between 2010 and 2014 in the amount of some US$56 million, derivatives in the amount of some US$12 million, and credit derivatives (CDS) in the amount of some US$20 million with maturity dates between 2011 and 2012. In addition, the Bank last week redeemed a security (certificate) issued by a company in the Lehman Group in the amount of some US$100 million. The consideration is due to be received in the coming days.
The Bank is following the developments in the legal position of the Lehman Group. At this stage, it is not possible to estimate the effect on the Bank.
Date and time at which the corporation first became aware of the event or matter:
15 September 2008.
________________________________________________________________
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: jennifer@bll.co.il
Follow the stocks
