Koor Industries Ltd.

of the IDB Group

Further to earlier reports filed by Koor Industries Ltd. ("the Company") relating to its investment in Credit Suisse Group AG ("Credit Suisse"), the Company now reports that this morning, Credit Suisse published financial reports for the second quarter of 2009. The financial reports, which were published in English, can be seen at                                                                                  http://www.credit-suisse.com/investors/doc/csg_financialreport_2q09.pdf, and the English press release published by Credit Suisse with respect to its 2009 second quarter results, also in English, accompanies this report in a separate file.

A convenience translation of the press release into Hebrew as will be reported by Credit Suisse on form K6 to the SEC, will be published shortly by the Company.