Professor Yair E Orgler To Step Down As Chairman Tel Aviv Stock Exchange - Saul Bronfeld To Be New Chairman

Professor Yair E Orgler steps down as chairman of the Tel Aviv Stock Exchange at the end of May 2006, after serving the maximum period allowed by the Israel Securities Law.

The Board of Directors thanked Prof. Orgler for his countless contributions to the TASE during his ten years in office. The Board of Directors elected Mr. Saul Bronfeld (Currently Managing Director of the TASE) as chairman of the Board. His appointment will take place upon Prof. Orgler’s retirement.