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 following recent purchases of shares, the Company has increased its holding in Credit Suisse so that it now holds approximately 31.54 million shares constituting about 2.66% of the share capital of Credit Suisse, for a cumulative investment of approximately NIS 5.32 billion.

To date, the Company has recorded a profit of approximately NIS 2.57 in respect of sales of Credit Suisse shares. In addition, the implied profit to the Company at the date of this report in respect of the balance of its investment in Credit Suisse (the difference between the value of the shares it holds in Credit Suisse at their list price, which is NIS 5.93 billion, and the original cost of those shares) is approximately NIS 613 million.

At the date of this report, the investment framework in shares of Credit Suisse as approved by the Board of Directors of the Company is up to NIS 6 billion, and the Company intends to continue to make the investment, taking buy and sell opportunities, with due attention to the market situation and the Company's assessments from time to time, and maintaining the trend of continuing to be a significant shareholder in Credit Suisse.