Amendment to the CEO's Employment Contract

21 Jan 2009 09:21



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

 21 January 2009

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

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

Immediate Report regarding an Event or Matter falling outside the Ordinary 

Course of Business of the Corporation

Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports)

Regulations, 1970

Nature of Report: Amendment to the CEO's employment contract

Bank Leumi le-Israel B.M. (the "Bank") announces as follows: 

On 20 January 2009, the Board of Directors of the Bank approved an amendment to the personal employment contract of Mrs. Galia Maor, the President and Chief Executive Officer of the Bank. Under the amendment, the employee/employer relationship between the parties will not expire automatically in February 2010, when the CEO attains the age of 67.

After that date, the provisions of the personal employment contract will continue to apply, under which either side may terminate the work relationship on giving prior notice, as provided in the contract.

Date and time at which the corporation first became aware of the event or matter:

20 January 2009 at 17:15.

_____________________________________________________________________________

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