Further to the reports of Koor Industries Ltd. ("the Company") relating to its investment in the shares of Credit Suisse Group ("Credit Suisse"), the Company hereby reports that at the date of this report, the Company holds approximately 6.7 million shares of Credit Suisse (net of Treasury shares), for a cumulative investment of approximately NIS 1.037 billion, after buy and sell transactions made by the Company in the past and for which the Company reported it would record a profit of approximately NIS 208 million in the third quarter of 2008 (see reports dated 27 July, 2008 and 10 August, 2008).

As the Company noted in earlier reports, on 21 July, 2008, the Board of Directors of the Company approved investment of up to NIS 3 billion in the shares of Credit Suisse. The investment will be made taking buy and sell opportunities, with due attention to the situation in the markets and based on the Company's own assessments from time to time. It is emphasized that there is no certainty that such investment actions will be taken.

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.