Translation of Immediate Report Bank Leumi Le-Israel B.M
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Translation of Immediate Report Bank Leumi le-Israel B.M. Registration No. 520018078 Securities of the Corporation are listed on The Tel Aviv Stock Exchange Abbreviated Name: Leumi Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546 Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732 Electronic Mail: [email protected] 19 May 2009 To: Israel Securities Authority (www.isa.gov.il) The Tel Aviv Stock Exchange (www.tase.co.il) Immediate Report regarding an Event or Matter falling outside the Ordinary Course of Business of the Corporation Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970 Nature of Report: Holdings in Union Bank For good order's sake, Bank Leumi le-Israel B.M. (the " Bank ") announces that on 11 May 2009, the Bank delivered to Sherodar Assets Ltd. (" Sherodar ") and to Yeshayu Landau Holdings (1993) Ltd. (" Landau ") an exercise notice for the put option granted to the Bank pursuant to the agreements signed between the Bank, Sherodar and Landau on 18 November 1999 and 17 November 2003 (together the "Agreements "), for the sale of 3,802,412 shares of Union Bank of Israel Ltd. (the "Shares " and " Union Bank " respectively) to Landau and Sherodar, all according to the terms laid down in the Agreements. Exercising the put option is subject to a condition precedent determined in the Agreements. Based on the capital of Union Bank as of 31 December 2008, the consideration in respect of the Shares is some NIS 101 million and the Bank's expected profit from exercising the put option is some NIS 12 million. Date and time at which the corporation first became aware of the event or matter: 19 May 2009 at 9:30. ________________________________________________________________ Name of Electronic Reporter: Yael Rudnicki, Position: Group Secretary POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732, Electronic Mail: [email protected] .