Holding(s) in Company

3 Jan 2008 10:45

Orad Hi-Tec Systems03 January 2008 Orad Hi-TecSystems Ltd ("Orad" or the "Company") Holdings in Company Orad Hi-Tec Systems Ltd. (Symbol: OHT) (the "Company") announced on 17 December,2007 that funds under the Cohanzick Fund from New York purchased, through threedifferent managed funds, a total of 979,929 ordinary shares of NIS 0.01 ("Ordinary Shares") from ISMM AG. The Company has now been informed that, as aresult of this transaction, Mr. J. Ezra Merkin holds 4.44% of the voting rightsof the Company. Mr. J. Ezra Merkin is the president and controlling shareholderof Gabriel Capital Corporation ("Gabriel Capital") which holds 254,362 OrdinaryShares of the Company representing 2.35% of the voting rights. Gabriel Capitalalso acts as investment advisor to Ariel Fund Limited ("Ariel") which holdsanother 225,567 Ordinary Shares of the Company representing 2.08% of the votingrights. Gabriel Capital acts as investment advisor to Ariel and is entitled toexercise Ariel's voting rights in the shares of the Company. For further information please contact: ORAD Hi-Tec Systems LtdEhud Ben-Yair +972 9 7676 862C.F.O Shore Capital - Nominated Adviser to OradGraham Shore, London, UK +44 20 7408 4090 Edicto - Investor RelationsDr. Sonke Knop, Frankfurt Germany +49 608494859-1 This information is provided by RNS The company news service from the London Stock Exchange