Reaction to News Item

3 Mar 2008 13:29

Leumi International Investments NV03 March 2008 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 2 March 2008 To: Israel Securities Authority (www.isa.gov.il) The Tel Aviv Stock Exchange (www.tase.co.il) Immediate Report Nature of the Event: Reaction to News Item In relation to the news item appearing in the "Calcalist" newspaper regardingnegotiations for the sale of its holdings in the Hot cable television company,Bank Leumi le-Israel B.M. (the "Bank") announces that during the last year the Bank has held negotiations with various parties with regard to the sale of its shares in Hot. The Bank is currently engaged in negotiations with a number of parties in relation to the sale, but none of these negotiations has yet reachedfruition. Date and time at which the corporation first became aware of the event ormatter: 2 March 2008 at 10:20am.________________________________________________________________Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President,Group SecretaryPOB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,Electronic Mail: jennifer@bll.co.il This information is provided by RNS The company news service from the London Stock Exchange