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Tel Aviv Stock Exchange Updates Major Stock Indexes

Date 23/07/2000

The Tel Aviv Stock Exchange announced that as of August 1, 2000 it will update the composition of the TA 25, TA 75 and TA 100 indexes, the bourse's major stock indexes.

Delek Group and Dead Sea Bromine will be added to the TA 25, replacing Housing & Construction.

With the revision of the TA 75 Index, Housing & Construction, Tefahot, Granite, Union Bank, Ham-Let, Europe Israel, Investec Clali Bank and The Israel Corporation 5 join the list. They replace Delek Group, Dead Sea Bromine, Tambour, Africa Israel Hotels, Leumi Mortgage Bank, Green and Solel Boneh.

The TA 100 index is composed of the TA 25 and the TA 75 companies. The composition of the indexes is updated regularly on February 1 and August 1.

For an updated list of weightings with the indexes, visit the TASE website at www.tase.co.il.

The Tel Aviv Stock Exchange, founded in 1953, is owned by its 28 member firms and is regulated by the Israel Securities Authority. The Exchange provides a highly advanced electronic trading system for shares, bonds, Treasury bills and derivatives. All trades are cleared and settled by the TASE Clearing House. The TASE offers international investors a combination of attractive investment opportunities and a full complement of market services, including an elaborate and user-friendly Website at www.tase.co.il.