Tel Aviv Stock Exchange Updates TA 25 and TA 100 Indexes

The Tel Aviv Stock Exchange announced that as of August 1, 1999, it will update the composition of the TA-25 and TA-100 indexes, the bourse's two major stock indexes. Matav and Housing & Construction will be added to the TA 25 index. They replace First International Bank 5 and Dead Sea Bromine. With the revision of the TA 100 Index, Lipman, Israel Cold Storage & Supply, Hadar Insurance, and Ituran join the list. They replace Caniel, Advanced Technology, Ofer Commercial Centers, and Home CentersFor a complete list of weightings within the indexes, contact the spokesman's office at the Tel Aviv Stock Exchange at the Internet address below. The TA 25 and the TA 100 are composed of the largest 25 and 100 companies on the Tel Aviv Stock Exchange, ranked by market capitalization. The composition of the indexes is updated twice a year, on February 1 and August 1, according to the changes in the companies ' market capitalization. The Tel Aviv Stock Exchange, founded in 1953, is owned by its 28 member firms and is regulated by the Israel Securities Authority. The Tel Aviv Stock Exchange provides highly advanced electronic trading systems for shares, bonds and Treasury bills, and it operates two trading floors for 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. The Tel-Aviv Stock Exchange (TASE) was founded in 1953. The Exchange is owned by its 28 member firms and is closely supervised by the Israel Securities Authority, whose main mission is protecting investors. The TASE provides highly-advanced fully-electronic trading services for shares, bonds and Treasury-bills and it operates two trading floors for derivatives. All trades are cleared and settled by the TASE clearing House. The TASE offers the international investor the appealing combination of attractive investment opportunities and developed market services. Visit the TASE Web site today, at www.tase.co.il