ANNOUNCEMENT

FTSE Russell has conducted a detailed review of the operation of the FTSE-Med Index for the six-month period from November 2015 to April 2016, in accordance with the Ground Rules of Operation of the Index. Following the relevant assessment by FTSE Russel, the new composition of the Index for the next six months is announced here below in order to inform investors. During the current review of the composition of the Index and in accordance with the Ground Rules, it is noted that the Index includes fifty-six (56) companies from the , twenty-nine (29) companies from the Athens Stock Exchange and five (5) companies from the Cyprus Stock Exchange (CSE). During the next six months, the Index will comprise the following companies:

Company Country 1 Teva Pharmaceutical ISR 2 Coca-Cola HBC AG GRC 3 ISR 4 ISR 5 Israel Chemicals ISR 6 ISR 7 Azrieli Group ISR 8 Hellenic Telecommunications Organization S.A. GRC 9 ISR 10 Nice Systems ISR 11 Alpha Bank S.A. GRC 12 ISR 13 Mizrahi Tefahot Bank Ltd. ISR 14 National Bank of Greece S.A. GRC 15 Investments ISR 16 Energy Systems Ltd. ISR 17 Piraeus Bank S.A. GRC 18 OPAP GRC

Company Country

19 Delek Group ISR 20 Eurobank Ergasias SA GRC 21 Jumbo S.A. GRC 22 Gazit Globe (1982) Ltd ISR 23 ISR 24 Paz Oil ISR 25 ISR 26 Melisron ISR 27 Titan Cement Co. S.A. GRC 28 BANK OF CYPRUS PUBLIC COMPANY LTD CYP 29 Folli Follie GRC 30 Hellenic Petroleum S.A. GRC 31 ISR 32 First Intl Bank of Israel (5) ISR 33 Oil Refineries ISR 34 Motor Oil Hellas Corinth Refineries S.A. GRC 35 Alony Hetz Properties & Inv ISR 36 Airport City Ltd ISR 37 Amot Investments Ltd. ISR 38 Ltd ISR 39 Delek Automotive Systems ISR 40 B Communications Ltd. ISR 41 Grivalia Properties R.E.I.C GRC 42 Public Power Corp. S.A. GRC 43 Harel Investments & Finance ISR 44 IDI Insurance Company Ltd ISR 45 Partner Communications ISR 46 Insurance & Financial Holdings Ltd. ISR 47 Shikun & Binui Ltd ISR 48 Israel Ltd. ISR 49 Ltd. ISR 50 Jerusalem Oil Exploration ISR 51 Aegean Airlines S.A. GRC 52 ISR 53 Phoenix Holdings ISR 54 Clal Insurance ISR 55 Menorah Mivtachim Holdings Ltd ISR 56 Rami Levi Chain Stores Hashikma Marketing 2006 Ltd ISR 57 Athens Water Supply & Sewerage GRC 58 Naphtha Israel Petroleum Corp ISR 59 Electra (Israel) Ltd ISR 60 REIT 1 Ltd ISR 61 Property And Building ISR 62 Mytilineos Holdings S.A. GRC 63 Kenon Holdings ISR 64 ISR 65 Africa Israel Properties ISR 66 METKA S.A. GRC 67 Norstar Holdings Inc. ISR 68 Hellenic Exchanges SA GRC 69 Lamda Development S.A. GRC 70 Terna Energy GRC 71 Gr. Sarantis S.A. GRC 72 Piraeus Port Authority S.A. GRC

Company Country

73 VIOHALCO SA/NV (CB) GRC 74 Nova Measuring Instruments Ltd ISR 75 Compugen Ltd ISR 76 HELLENIC BANK PUBLIC COMPANY LTD CYP 77 Ltd ISR 78 Gilat Satellite Networks ISR 79 Ellaktor GRC 80 Attica Bank GRC 81 Thessaloniki Port Authority S.A. GRC 82 Jerusalem Economy ISR 83 Intralot S.A. GRC 84 AudioCodes Ltd ISR 85 Gek Terna GRC 86 Communications Ltd ISR 87 Evogene ISR 88 VASSILICO CEMENT WORKS PUBLIC COMPANY LTD CYP 89 PETROLINA (HOLDINGS) PUBLIC LTD CYP 90 DEMETRA INVESTMENT PUBLIC LTD CYP

Nicosia, 19 May 2016