Industrial Development Bank of Israel Ltd.

Industrial Development Bank of Israel Ltd. expects that as a result of the revocation of its banking license it may lose certain benefits it enjoys in its capacity as a banking entity in conducting legal proceedings against its customers.

In his…

The resumption of the payment of the dividends relating to Industrial Development Bank of Israel Ltd. and 27 financial institutions’ accrual of interest on perpetual deposits, is pending.

The financial institutions hold the Company’s 6% Cumulative Participating Preference “C” Shares,…

The ruling of the Supreme Court regarding Lahava Chatamim Ltd.’s derivative action against Industrial Development Bank of Israel Ltd. is still pending.

In March 2003, Lahava Chatamim, in its capacity as a shareholder, filed a derivative action in the amount…