BSD.L Regulatory News (BSD)

October 6, 2016

YOSSI WILLI MANAGEMENT AND INVESTMENTS LTD

(The "Offeror")

Update on Cash Offer 

Further to the announcement on September 20, 2016 of the cash offer for up to 20 per cent. of the issued and outstanding share capital of B.S.D Crown Ltd. ("BSD"), the Offeror wishes to provide BSD shareholders and depository interest holders with the following information as to the opportunity that this cash offer provides.

Since the beginning of the year, a series of alarming announcements have been made by BSD, which all relate to its cash positions and investigations by regulatory authorities. Such announcements and investigations raise grave concerns as to the conduct of BSD's business and the discharge by its directors of their fiduciary duties to BSD and its shareholders. On April 29, 2016, BSD announced that it would not be able to publish its annual financial statements for the year ended December 31, 2015 by April 30, 2016 (as required by law) and that given the delay in publishing such financial statements, BSD requested that trading in its shares be temporarily suspended as of such date. In addition, over recent years the market price of the BSD shares has decreased significantly, from 55.88 pence on January 9, 2014 to 25.12 pence on April 29, 2016 (being the last day of trading in BSD shares before its suspension), i.e., a decrease of 55% over 27 months.

The Offeror would like to emphasize that the cash offer of 27.5 pence:

(a) represents a premium of 35.46% over the average share price of BSD shares during the 12 month period immediately prior to September 20, 2016; and

(b) provides shareholders with the only current viable opportunity to realize value immediately (especially in light of the suspension of trading in the BSD shares), by providing them with the opportunity to exchange BSD shares for cash.

If you hold your BSD shares as depository interests in CREST, you are NOT able to make an acceptance of the Offer in CREST on behalf of your underlying beneficial holders. To accept the Offer, arrangements MUST be made for the applicable shares to be withdrawn from CREST into certificated form. The certificated account should be in the name of the beneficial owner wishing to accept the Offer.

HOLDERS OF DEPOSITORY INTERESTS WHO WISH TO TENDER THEIR DEPOSITORY INTERESTS SHOULD COMPLY WITH THE PROCEDURES SET FORTH IN THE TENDER OFFER DOCUMENT IN A TIMELY MANNER, TO ENABLE THE ACCEPTANCE OF THE OFFER PRIOR TO THE EXPIRATION OF THE OFFER PERIOD, CURRENTLY SCHEDULED FOR NO LATER THAN 1:00 P.M. (LONDON TIME) ON NOVEMBER 1, 2016.

Beneficial owners of depositary interests should contact their stockbroker, custodian or financial advisor promptly and without delay if they intend to accept the Offer as different advisors or custodians will require sufficient time to make arrangements for depositary interests to be withdrawn from CREST before the offer expiration date of november 1, 2016.

For further information contact: