ANNOUNCEMENT FTSE Russell has conducted a detailed review of the operation of the FTSE-Med Index for the six-month period from November 2016 to April 2017, in accordance with the Ground Rules of Operation of the Index. Following the relevant assessment by FTSE Russell, the new composition of the Index for the next six months is announced here below in order to inform investors and market players. 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-seven (57) companies from the Tel Aviv Stock Exchange, twenty-eight (28) 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 Bank Hapoalim ISR 4 Bank Leumi ISR 5 Azrieli Group ISR 6 Israel Chemicals ISR 7 Elbit Systems ISR 8 Hellenic Telecommunications Organization S.A. GRC 9 Bezeq ISR 10 Nice Ltd ISR 11 Mizrahi Tefahot Bank Ltd. ISR 12 Frutarom ISR 13 Alpha Bank S.A. GRC 14 OPAP GRC 15 National Bank of Greece S.A. GRC 16 Israel Discount Bank ISR 17 Delek Group ISR 18 Melisron ISR 19 Jumbo S.A. GRC 20 Tower Semiconductor Ltd ISR 21 Gazit Globe (1982) Ltd ISR Co mpany Country 22 Titan Cement Co. S.A. GRC 23 Strauss Group ISR 24 Motor Oil Hellas Corinth Refineries S.A. GRC 25 Piraeus Bank S.A. GRC 26 Hellenic Petroleum S.A. GRC 27 Eurobank Ergasias SA GRC 28 Pa z Oil ISR 29 First Intl Bank of Israel (5) ISR 30 Amot Investments Ltd. ISR 31 Airport Ci ty Ltd ISR 32 Alo ny Hetz Properties & Inv ISR 33 Folli Follie GRC 34 Bank of Cyprus Holdings Plc CYP 35 Israel Corporation ISR 36 Oil Refineries ISR 37 Hare l Inves tments & Fin ance ISR 38 Phoenix Ho ld ings ISR 39 Shikun & Binui Ltd ISR 40 Shufersal Ltd. ISR 41 Migdal Insu rance & Fina ncial Holdings Ltd. ISR 42 Jerusalem Oil Explorati on ISR 43 Cellc om Is rael Ltd. ISR 44 Big Sho pping Centers (2004) ISR 45 Grivalia Properties R.E.I.C GRC 46 Clal Insurance ISR 47 Ba yside Land Corp ISR 48 Public Power Corp. S.A. GRC 49 Mazor Robot ics Ltd ISR 50 Mytilineos Holdings S.A. GRC 51 Dele k Aut omotive Systems ISR 52 Naphtha Israel Petroleum Corp ISR 53 Electra (Is rael) Ltd ISR 54 IDI Insurance Co mpany Ltd ISR 55 Delta Galil Industries ISR 56 Partner Communications ISR 57 Menorah Mi vtachim Holdings Ltd ISR 58 Kenon Hold ings ISR 59 Rami Levi Chain Stores Hashikma Marketing 2006 ISR Ltd 60 Jerusalem Econo my ISR 61 Aegea n Airl ines S.A. GRC 62 Proper ty And Building ISR 63 B Communications Ltd. ISR 64 Afric a Is rael Properties ISR 65 For mula Sys ISR 66 REIT 1 Ltd ISR 67 Nova Measu ring Instru ments Ltd ISR 68 Norstar Holdings Inc. ISR 69 VIO HALC O SA/N V (CB) GRC 70 Gr. Sarantis S.A. GRC 71 METKA S.A. GRC 72 La mda Develop ment S.A. GRC 73 Piraeus Port Authori ty S.A. GRC 74 Helleni c Exchanges SA GRC Co mpany Country 75 Gek Terna GRC 76 Gilat Satellite Networks ISR 77 Ellaktor GRC 78 Fourlis Holdings S.A. GRC 79 Ceragon Networks ISR 80 Kamada ISR 81 Vassilico Cement Works Public Company Ltd CYP 82 AudioCodes Ltd ISR 83 Intralot S.A. GRC 84 Hellenic Bank Public Company Ltd CYP 85 CENERGY HOLDINGS S.A. (CB) GRC 86 Marfin Investment Group Holdings S.A. GRC 87 Allot Communications Ltd ISR 88 Evogene ISR 89 Petrolina (Holdings) Public Ltd CYP 90 Demetra Investment Public Ltd CYP The revised Index comprising the above companies will be effective as of Monday, 19 June 2017. Nicosia, 8 June 2017 .