Zohar Zisapel Commences Partial Cash Tender Offer for Radvision Ltd.

TEL AVIV, Israel - Zohar Zisapel announced today that he is commencing today a tender offer to purchase 5.0% of the outstanding ordinary shares of RADVISION Ltd. (Nasdaq: RVSN) (currently, 971,394 RADVISION shares) for $6.30 per share, net to the seller in cash, less any required withholding taxes and without interest. In the event that more than the maximum number of shares offered to be purchased in the tender offer are tendered, Mr. Zisapel will purchase shares on a pro rata basis.

Skinner to Auction Fine Judaica May 21st

BOSTON - Collection Fresh to the Market After 60 Years

www.skinnerinc.com - Skinner, one of the nation’s leading auction houses for antiques and fine art, today announced it will host an auction of Fine Judaica in its Boston gallery on Thursday, May 21st at noon. The sale numbers over 200 lots and is devoted entirely to antique and artisan Judaica. Featured is a diverse group of material from Jewish communities worldwide, including some of finest examples of Judaica that Skinner has offered in many years, much of it fresh-to-the-market after 60 years in collection.

Hurley and Bar Refaeli Introduce the Little Black Bikini

LOS ANGELES - Beach Culture Brand and Sports Illustrated 2009 Swimsuit Issue Cover Star Collaborate to Create this Summer’s Must-Have Swimsuit

Kornit Digital Presents its Comprehensive Solution for Dark Polyester Printing at Fespa Digital Europe 2009 in Amsterdam

ROSH-HA’AYIN, Israel - Kornit Digital, a leading-edge company that develops, manufactures and markets high-speed industrial digital inkjet printers, superior pigmented ink and unique chemistry solutions for the garment & apparel decorating industry, today announced that it will exhibit its comprehensive solution for dark polyester printing at Fespa Digital Europe 2009 Show on May 12-14, 2009 in Amsterdam. Kornit will be located in Hall 1, Booth H70.

Oil Refineries Comments on Announcement Received From Standard and Poor’s Maalot

HAIFA, Israel - Oil Refineries Ltd. (TASE: ORL.TA) (the “Company” or “ORL”), Israel’s largest oil refiner, announced today that on April 23, 2009 it was notified by Maalot Standard and Poor’s that the Company’s debentures’ credit rating, currently rated ‘ilA’, is being put under watchlist, with negative implications. A copy of Maalot’s announcement will be made available on the Company’s website, under investor relations, Company releases, within the next 24 hours.

NanoVibronix Receives Wound Healing Indications in Europe for its PainShield(TM) Device

NESHER, Israel - Portable Solution for Wound Healing Using Low Frequency, Low Intensity Ultrasound

Michael Cherney Fund Finances Three new Publications on Israeli Society

TEL AVIV, Israel - Michael Cherney (Mikhail Chernoy) Foundation (MCF) (www.cherfund.org) financed the publication of three new books investigating critical issues within Israeli culture, as well as studying the contribution of the Russian-speaking community within Israeli society.

Oil Refineries Notifies That its Two Major Shareholders Published Valuations Regarding the Company

HAIFA, Israel - Oil Refineries Ltd. (TASE: ORL.TA) (the “Company” or “ORL”), Israel’s largest oil refiner, announces that consulting firm, Yitzhak Swary Ltd. has conducted two separate valuations regarding the Company. The first, prepared for the Company’s largest shareholder, Israel Corp., was performed for the purpose of “Review of the potential impairment in Oil Refineries’ and Carmel Olefins’ fixed assets, as part of Israel Corp.’s investment”, and was attached to the Israel’s Corp.’s annual 2008 financial statements. The second, prepared for the second largest shareholder of the Company, Israel Petrochemicals Enterprises Ltd (IPE) for the purpose of “Evaluating the Fair Value of IPE’s investment in Oil Refineries Ltd.” and was attached to IPE’s annual 2008 financial statements.

Ofra Strauss, Chairperson of Strauss Group, Announced Today the Board’s Decision to Appoint Gadi Lesin as President & CEO of Strauss Group, Replacing Erez Vigodman, who Gave Notice Several Days ago of his Decision to Leave The Group

TEL AVIV, Israel - Ofra Strauss, Chairperson of Strauss Group (STEL.TA), said today: “I am certain that Gadi Lesin’s abilities and the experience he accumulated during his sixteen years in a variety of general management roles in Strauss Group in and outside of Israel will enable him, together with group management and all managers and employees of Strauss, to continue to take the group forward to further success.”

Ofra Strauss, Chairperson of Strauss Group, and Erez Vigodman, President & CEO of Strauss Group, Announced Today That Avi Ben Assayag, Deputy CEO of Strauss Group Has Requested to Resign

TEL AVIV, Israel - Ofra Strauss, Chairperson of Strauss Group said today:

“I am sorry about Avi Ben Assayag’s decision to leave the Group. We recognize and appreciate all the processes he has been leading in recent years and thank him for his great contribution to Strauss. We offered Avi key leadership positions in order to continue with the Company, however, we respect his request to explore new avenues and are certain he will succeed in whatever he chooses to do.”

Delek Group Announces Consolidated Results for the Fourth Quarter and Full Year of 2008

TEL AVIV, Israel - Delek Group Ltd. (TASE: DLEKG) (hereinafter: “Delek Group” or “The Group”) announced today its results for the three and twelve month period ending December 31, 2008. The full financial statements will be available in English on Delek Group’s website on April 1, 2009 at: www.delek-group.com.

Oil Refineries Announces Financial Results for Full Year 2008

HAIFA, Israel - Consolidated Reported Loss Totalled $109 Million, Resulting From the
Extreme Volatility in Oil Prices

Anti-Aging Market - Latest Findings From TriPollar(TM) Stop(TM) Customer Survey

TEL AVIV, Israel - Younger Looking Skin is so Important it is Recession Proof

Anti-aging and skin renewal look to be one of the few industries not
affected by the current economic downturn. The anti-aging skincare sales in
the US having risen 13% to $1.6bn between 2006 and 2008, outperforming the
general facial skincare sales which were up 11% over the same period.

David Reis Named CEO of Objet Geometries Ltd.

REHOVOT, Israel - Objet Geometries Ltd., the innovation leader in 3D printing, today
announced that printing technologies pioneer David Reis has been named
President and CEO, effective immediately. He assumes the role from Adina
Shorr, who steps down after six successful years at the company.

BODY WORLDS in Haifa: A Scientific, Spiritual Experience for Those Who Choose to See It

LOS ANGELES - The continuing media coverage of the debate in Israel over the upcoming
BODY WORLDS exhibition in Haifa has inadvertently neglected to present the
many dimensions of this scientific and scholarly endeavor.

Strauss Group Reports 2008 Results With Sixth Consecutive Year of Growth in Sales and Profit

TEL AVIV, Israel - Financial Highlights:

Annual 2008

- Annual Group sales reached NIS 6.2 billion, an increase of
5%; Organic growth, net of exchange rate impacts, totaled 7.6%.

Easy VPN - Ease of use and Administration

NUREMBERG, Germany - Virtual Private Networks of the Newest Generation - Less Clicks, More
Transparency and More Cost-Efficiency.

InSightec Ltd. Announces US$15 Million Investment Round

TIRAT CARMEL, Israel - InSightec Ltd. reported today that it has closed an internal round of
financing totaling US$15 million from its existing investors.

Record Year for Frutarom - Continues to Grow and Expand for the Ninth Consecutive Year

HAIFA, Israel - Sharp Growth in Sales and Considerable Improvement in Profit and
Margins; Cash Flow More Than Doubled; Earnings per Share Grew by 55%

Jordan Valley Semiconductors Names Paul Ryan as Corporate VP and UK Site Manager

MIGDAL HA’EMEK, Israel - Jordan Valley Semiconductors (JVS) has named Paul Ryan, PhD as Corporate
VP and UK site manager. In his new role, he will be responsible for
Operations and Engineering at the JVS’ UK facility. Dr. Ryan has successfully
served as Director of Technology since the acquisition of Bede Scientific
last year, demonstrating strong leadership in the high-resolution X-Ray
Diffraction (HRXRD) technology for JVS worldwide and managing the Technology
and Engineering team located in our UK facility. Dr. Ryan has a solid
background in Materials Physics, paired with a PhD in growth and
characterization of magnetic multi-layers. Jordan Valley Semiconductors is
proud to confirm our commitment to the long-term future of both the Jordan
Valley Semiconductors UK facility located in Durham and the technology gained
by adding the prior Bede product line to Jordan Valley Semiconductors family
of integrated products.

TriPollar(TM) POSE(TM) Introduces the Non-Invasive Home-Use Solution to a Sculpted Body

TEL AVIV - New Clinical Device for Body Generates Inch-Loss, Cellulite Reduction
and the Tightening of Lax Skin

Netafim Announces Agreements With Etanalc From Brazil to Supply Smart Irrigation Systems and Related Services for the Largest-Ever Drip Irrigation Sugar Cane Cultivation Project

TEL AVIV, Israel - The Value of the First Phase of the Project is More Than 150 Million
Dollars