AFS.L Regulatory News (AFS)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Amiad Water Systems Ltd

BOPOD83 GB

IL0010943905

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Y

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

N

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

N

An event changing the breakdown of voting rights

N

Other (please specify):

3. Full name of person(s) subject to thenotification obligation:

Kleinwort Benson Investors Dublin Ltd. As controller of the voting rights directly or indirectly via a subsidiary.

4. Full name of shareholder(s)  (if different from 3.):

Kleinwort Benson Investors Dublin Ltd

KBI Institutional Water Fund

KBI Eco Water Fund

OP Clean Water Fund

Kleinwort Benson Investors International Ltd (Subsidiary of Kleinwort Benson Investors Dublin Ltd)

Calvert Global Water Fund

KBI DST Water Fund

Painters & Allied Trades District

Sonen Capital LLC

KBI Water Fund

Los Angeles Fire & Police System

5. Date of the transaction and date onwhich the threshold is crossed orreached:

24th October 2014

6. Date on which issuer notified:

28th October 2014

7. Threshold(s) that is/are crossed orreached:

Our position is >10%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

2,158,462

2,158,462

2,283,661

0

2,283,661

0

10.08%

IL0010943905

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,283,661

10.08%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Emer Keating

compliance@kbinvestors.com

15. Contact telephone number:

+353 1 438 4493