Koor Industries Ltd. ("Koor") hereby notifies that it foresees that the results of the first quarter of 2008 will includee a net expense, estimated at approximately NIS 80 million, due to the effect of the decreasedecrease  in the dollar exchange rate in suchsuch quarter (about 4.2%) on the net assets of Koor.

The above data include preliminary assessments and partial data currently in  the possession of Koor. Such data have not yet been processed, or undergone final verificationverification and auditing by Koor's auditors. Hence, they might differ from the data mentioned above.

Date on which the Company learned of the event:

The above matter was consolidated at the end of 2007, and Koor dealt  recently with its collecting and assessing.