Further to the reports of Koor Industries Ltd. ("the Company") relating to its investment in the shares of Credit Suisse Group AG ("Credit Suisse"), the Company hereby reports that this morning, Credit Suisse published its financial statements for the third quarter of 2008.

The quarterly financial statements, which were published in English, can be accessed at http://www.credit-suisse.com/investors/en/reports/2008_resulst_q3.jsp, and the media release published by Credit Suisse concerning the results for the third quarter of 2008, also published in English ("the Media Release"), is attached to this report in a separate file.

A convenience translation of the Media Release into Hebrew will be published shortly by the Company.