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 for the recent sale of some of its shares in Credit Suisse, it will record a profit of approximately NIS 73 million in the third quarter of 2008.

This profit will join the profit of approximately NIS 208 million that will also be recorded in the third quarter, for earlier sales of Credit Suisse shares (see immediate repots from 27 July, 2008 and 10 August, 2008), so that in total, the Company will record a profit of approximately NIS 281 million in the third quarter for realisation of Credit Suisse shares to date.

At the date of this report, the Company holds approximately 6.5 million shares of Credit Suisse, which is approximately 0.63% of Credit Suisse's share capital (net of treasury shares), for a cumulative  investment of approximately NIS 1.014 billion.

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. 

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).    Company contact   Oren Hillinger, Finance Director   Koor Industries Ltd.   Tel:  972 3  607- 5111   Fax: 972 3  607- 5110   oren.hillinger@koor.com