This is a free translation to English from the Hebrew language, which was made for convenience purposes only. The official document is in Hebrew, and it can be found at the web site of the Tel Aviv Stock Exchange, at: http://maya.tase.co.il.

 Further to items in the Israeli press this morning, Koor Industries Ltd. ("the Company") gives notice once again, following the immediate report it published on January 13, 2008, that it is considering the possibility of a rights offering to its shareholders, under a prospectus that will be based on the financial statements of the Company at December 31, 2007. Nevertheless, no amount, terms or date have been decided as yet for the offering, nor is it certain that it will indeed take place