Clarification regarding Inves

26 Aug 2008 07:00



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

 25 August 2008

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

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

Immediate Report 

Nature of the Event: Clarification regarding the Bank's Investment Portfolio 

Bank Leumi le-Israel B.M. (the "Bank") announces that following articles that appeared in the media on 24 August 2008 regarding the Bank's investment portfolio, the Bank clarifies as follows:

During the second quarter of 2008, an amount will be charged to the profit and loss statement, from the capital fund for adjustments in respect of securities available for sale, in the amount of some NIS 82 million before tax - some NIS 52 million after tax - in respect of investments of the Bank in SCDO type securities.

The amount is not material to the Bank.  

The Financial Statements of the Bank as at 30 June 2008 will be published on 27 August 2008.

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

24 August 2008 at 19:00.

___________________________________________________________________________

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