BSD.L Regulatory News (BSD)

B.S.D Crown Ltd (LSE:BSD) ("BSD" or the "Company") Company Update Publication of financial statements and annual report Tel Aviv, Israel, 27 March, 2015 Publication of financial statements Following recommendation of the Company's Audit Committee which also serves asa Financial Balance Committee for the purposes of the Israeli law, theCompany's board of directors yesterday approved the consolidated financialstatements of the Company for the year ended 31 December 2014 (the "FinancialStatements"). The Financial Statements have been prepared in accordance withthe International Financial Reporting Standards ("IFRS") as adopted by theEuropean Union. The consolidated financial statements of the Company for theyear ended 31 December 2014 have been audited by Brightman Almagor Zohar & Co(part of Deloitte Touche Tohmatsu Limited). In addition, yesterday the Company's board of directors approved the annualreport of the Company for the year ended 31 December 2014 (the "Annual Report"). In accordance with Listing Rule 14.3.6R, a copy of the Annual Report willbe available at the UKLA's National Storage Mechanism and will be available forinspection at www.morningstar.co.uk/uk/NSM. In addition, the Annual Report willbe available from today on the Company's website, www.bsd-c.com. Financial highlights The following sections reflect the financial position of the Company as at 31December 2014 as well as several updates relating to the period from 1 January2015 until the date of this announcement. * Primary assets as at 31 December 2014: * approximately a 62 per cent interest in Willi-Food Investments Ltd ("WFI"), which operates in the import, marketing and distribution of several hundred food products (mainly in Israel) and is listed on the Tel Aviv Stock Exchange ("TASE") and an approximately 38 per cent direct and indirect (held through WFI) interest in G. Willi-Food International Ltd ("WFINT", and, together with WFI, "Willi-Food"), an Israeli company listed on NASDAQ; * a 95 per cent interest in Emoze Ltd, a provider of mobile push messaging and push content solutions for handset manufacturers, mobile operators and enterprises; and * cash and cash equivalents; * Continued strong cash position with cash, short term deposits and financial assets of US$ 126 million, which include: * US$ 25 million in cash and short term bank deposits with an original maturity of three months or less from date of acquisition; and * US$ 54 million in short term bank deposits with an original maturity of more than three months from date of acquisition. In order to allow for the implementation of future acquisition opportunities,the Company's main objective with respect to its cash portfolio was, andremains, the preservation of cash value and liquidity, by maintaining aconservative investment policy; and * Revenues for the year ending 31 December 2014 totalled US$ 59 million (2013: US$1.9 million) and loss from continued operations totalled US$ 5 million (2013: a loss of US$ 3 million). About the Company The Company was incorporated in Israel on 19 January 1994. BSD completed theinitial public offering of its ordinary shares on the alternative investmentmarket of the London Stock Exchange in October 1996 and thereafter completed alisting on the Official List of the London Stock Exchange in 1998. For more information, visit www.bsd-c.com. A copy of the Company's Financial Statements & Annual Report for the year ended31 December 2014 will be submitted to the Financial Services Authorityfollowing publication of the Report. The full Financial Statements can beaccessed via RIS and is available as from today on the Company's website,www.bsd-c.com. Jossef Schneorson, Chief Executive Officer and Vice Chairman of the Companycommented: "we remain committed to actively seek to utilise the Company'sresources in order to maximize value for its shareholders". Enquiries: Eyal Merdler, CFO: eyal@bsd-c.com

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