BSD.L Regulatory News (BSD)

November 15, 2016

YOSSI WILLI MANAGEMENT AND INVESTMENTS LTD

(The "Offeror")

Updated and Revised Cash Offer 

Further to the announcement on September 20, 2016 of the cash offer (the "Offer") for at least 17.75 per cent. and up to 20 per cent. of the issued and outstanding share capital of B.S.D Crown Ltd. ("BSD"), and further to the modification to the Offer announced on October 20, 2016, the Offeror is pleased to announce the following additional modifications to the Offer:

Waiver of Minimum Aggregate Amount

The Offeror hereby waives the minimum aggregate amount of BSD Shares proposed to be purchased from the shareholders and will purchase all BSD Shares duly tendered.

Reduction of Maximum Aggregate Amount

The Offeror hereby reduces the maximum aggregate amount of BSD Shares proposed to be purchased from the shareholders from 20 per cent. of the issued and outstanding share capital of BSD to 15 per cent. of the issued and outstanding share capital of BSD.

Acceptance Period

The acceptance period of the Offer is hereby extended such that the Offer is open for acceptance until 1:00 p.m. (London time) on December 15, 2016. The Offeror wishes to emphasize that it does not expect to further extend the acceptance period and urges the holders of BSD Shares to accept the Offer and tender their BSD Shares prior to the foregoing extended acceptance date in order to receive cash proceeds for their duly tendered BSD Shares, especially in the absence of any other current or foreseeable opportunity to liquidate their BSD Shares.

ANY ACCEPTANCE OF THE CASH OFFER IN ITS ORIGINAL FORM SHALL BE DEEMED TO BE AN ACCEPTANCE OF THE CASH OFFER AS REVISED AND THE OFFEROR SHALL TREAT ANY EXECUTED TENDER FORM WHICH WAS RECEIVED PRIOR TO THIS ANNOUNCEMENT AS A VALID ACCEPTANCE OF THE REVISED OFFER.

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