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Further to the reports of Koor Industries Ltd. ("the Company") relating to the Company's investment in the shares of Credit Suisse Group ("Credit Suisse"), the Company hereby reports that at the date of this report, it holds approximately 10.43 million shares of Credit Suisse, representing about 1.02% of the share capital of Credit Suisse (net of treasury shares), for a cumulative investment of approximately NIS 1.627 billion. This is after making buy and sell transactions in the past, on which the Company reported that it would record a profit of approximately NIS 208 million in the third quarter of 2008 (see the Company's immediate repots dated 27 July, 2008 and 10 August, 2008).
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.
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About Koor Industries
Koor Industries is a leading Israeli holding company, focusing on high-growth, internationally-oriented, Israeli companies. Koor actively invests in agrochemicals through; Makhteshim Agan Industries , in telecommunications through its holdings in ECTel and Telrad Networks; and in venture capital through Koor Corporate Venture Capital. Koor’s Ordinary Shares are traded on the Tel Aviv Stock Exchange (TASE: KOR).
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Company contact
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Oren Hillinger, Finance Director
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Koor Industries Ltd.
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Tel: 972 3 607- 5111
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Fax: 972 3 607- 5110
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oren.hillinger@koor.com
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