Notification of Interest

31 Mar 2006 12:19

Amiad Filtration Systems Ltd31 March 2006 Amiad Filtration Systems Ltd (Amiad or "the Company") Notification of Interest 31 March 2006: The Company was notified today by one of its significantshareholders, Gaon Agro, a venture capital fund based in Israel, that it hasdisposed of its entire interest in the Company. Gaon sold 2,462,304 sharesrepresenting 13.05% of the entire issued share capital through a placing withinstitutional investors by Panmure Gordon & Co. Through the same placing, its majority shareholder, Kibbutz Amiad, also sold257,429 shares representing 1.36% of the entire issued share capital. KibbutzAmiad continues to hold 9,942,571 shares representing 51.01% of the issued sharecapital. Yossi Katz , CEO of Amiad, said: "We are grateful for the guidance provided byGaon Agro over the past few years. Since Amiad was a non core part of Gaon'sbusiness, it was felt by the Board of Gaon Agro to dispose of its holding andcrystallise value for their shareholders." Enquiries: Amiad Filtration SystemsYossi Katz, CEO +972 4 690 9500Itamar Eder, CFO Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7929 8989 This information is provided by RNS The company news service from the London Stock Exchange