Amendment to Memorandum of Association

7 Oct 2008 15:13



BANK LEUMI LE-ISRAEL B.M.

(GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE

PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.)

Translation of Immediate Report 

Bank Leumi le-Israel B.M.

Registration No. 520018078

Securities of the Corporation are listed on The Tel Aviv Stock Exchange

Abbreviated Name: Leumi

Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546

Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732

Electronic Mail: jennifer@bll.co.il

7 October 2008

To:  Israel Securities Authority (www.isa.gov.il) 

The Tel Aviv Stock Exchange (www.tase.co.il)

Immediate Report of an Amendment to Articles and/or Memorandum

Article 31D of the Securities (Periodic and Immediate Reports) Regulations, 1970

1. On 7 October 2008, the General Meeting passed a resolution amending the Memorandum and Articles of Association of the Corporation.

2. Nature of the change: 

Increase of authorized share capital.

3. Text of the change: 

To approve an increase in the authorized share capital of the Bank to NIS 2,215,000,000, by the creation of 500,000,000 ordinary shares of NIS 1.0 par value each, which shall, upon being issued and fully paid, be convertible into stock - for the purpose of the issue of hybrid subordinated capital notes only.

4. Date as of which the change takes affect: 7 October 2008.

5. The amended Articles of Association are available to the public in Hebrew through the Distribution Website of the Israel Securities Authority (http://www.magna.isa.gov.il/). In addition, the English translation of the amended Articles is available upon request from the Secretariat of the Bank at the registered office of the Bank, Leumi House (11th floor), 34 Yehuda Halevi Street, Tel Aviv 65546, Israel, or via the other contact details appearing below. 

_____________________________________________________________________

Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President, Group Secretary

POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732, 

Electronic Mail: jennifer@bll.co.il