AFS.L Regulatory News (AFS)

18 August 2014

Amiad Water Systems Ltd.

("Amiad" or "the Company")

Notice of AGM

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, gives notice that the Annual General Meeting ("AGM") of the Company is to be held at 1.00pm BST on Monday 22 September 2014 at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA, England, to consider and, if thought fit, pass the following resolutions:

· To receive the Company's financial statements and annual report for the year ended 31 December 2013.

· To re-appoint Kesselman & Kesselman as the Company's auditors and to authorise the directors of the Company to fix their remuneration.

· To re-elect the following serving directors of the Company who retire but who are offering themselves for re‑election to hold office until the conclusion of the next AGM (and are eligible to do so in accordance to the Company's articles of association):

· Mr. Amos Shalev;

· Ms. Zehava Simon;

· Mr. Arik Dayan;

· Ms. Jenny Cohen Derfler; and

· Dr. Izhar Ben-Shlomo.

· To appoint Mr. Eli Opper as a director of the Company;

· To approve the terms of appointment and remuneration of Mr. Eli Opper as a director of the Company and as Chairman of the Board;

· To approve the entering into of an indemnification agreement between the Company and Mr. Eli Opper;

· To appoint Mr. Avraham Azani as a director of the Company;

· To approve the terms of appointment and remuneration of Mr. Avraham Azani as a director of the Company;

· To approve the entering into of an indemnification agreement between the Company and Mr. Avraham Azani;

· To approve the payment of a special retirement bonus of US$25,000 to Mr. Tal Yeshua;

· To approve an update to the Company's remuneration policy whereby the annual fee and participation fee of non-executive directors will be limited to the maximum monetary cap stipulated in the Israeli Companies Regulations (Rules regarding Compensation and Expense Reimbursement of External Directors), 2000;

· (Conditional upon the passing of the above resolution), to approve a change in the terms of remuneration of the re-elected serving non-executive directors in accordance with the revised terms of the Company's remuneration policy; and

· To authorize the Company to extend its directors' and officers' liability insurance policy for an additional 12 month period ending on 31 July 2015, at an annual cost of up to US$50,000.

Further information on the resolutions can be found in the Notice of AGM circular that has, along with forms of proxy and direction, been made available to shareholders of the Company as an electronic communication, and will be made available on Amiad's website at: www.amiad.com.

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