Oil Refineries Announces Results For Second Quarter 2010

By Oil Refineries Ltd, PRNE
Sunday, August 22, 2010

HAIFA, Israel, August 23, 2010 -

    - Consolidated Net Profit for the Second Quarter of 2010 Totaled $32
      Million Compared With Net Loss of $8 Million in the Second Quarter of
      2009

    - Consolidated Adjusted EBITDA for First Half 2010 Totaled $113 Million
      Compared With $71 Million in Same Period Last Year

    - Consolidated Adjusted EBITDA for Second Quarter Totaled $80 Million
      Compared With $23 Million in the Same Quarter of the Previous Year

    - Consolidated Operating Income for Second Quarter Totaled $50 Million
      Compared With a Zero Balance in Same Quarter Last Year

    - Adjusted Refining Margin for the Second Quarter at USD/bbl 4.6, 31%
      Higher Than USD/bbl 3.5 Average Reuter's Quoted Mediterranean Ural
      Cracking Margin

Oil Refineries Ltd. (TASE: ORL.TA) (hereinafter "the Company,"
"ORL"), Israel's largest integrated refining and petrochemical group,
announced today its financial results for the second quarter 2010, ending
June 30, 2010. Results are reported in US Dollars and under International
Financial Reporting Standards (IFRS).

    - Adjusted refining margin USD/bbl 4.6, 31% higher than USD/bbl 3.5
    average Reuter's quoted Mediterranean Ural Cracking Margin

    - Consolidated adjusted EBITDA at $80 million compared with $23 million
    in the same quarter of the previous year

    - Consolidated adjusted EBITDA in the Refining and Trade segment totaled
    $33 million in the second quarter of 2010 compared with $8 million in the
    same quarter of the previous year

    - EBITDA from Petrochemicals segment totaled $47 million in the first
    quarter of 2010 compared with $18 million in the corresponding quarter of
    the previous year.

Note: This period saw volatility in the price of crude oil and
its products, with crude oil prices in April rising to levels not seen since
the end of 2008. Until the Euro devaluation financial market crisis, Brent
crude oil was trading at a price of $85 a barrel. In May of this year, crude
oil prices declined significantly and those rose again in June to $75 a
barrel.

As accepted by major leading international refiners and
marketers of oil and its products, the results are presented as reported as
well as net of the accounting provision for inventory gains or write offs, in
addition to buying and selling timing and derivative accounting methods under
IFRS. This is in order to enable a common base for comparison of the
Company's ongoing operations.

SECOND QUARTER 2010 ($ million)

                         Operating Profit      EBITDA
                          4-6/10   4-6/09  4-6/10  4-6/09
    Refining Segment        30      (5)      39       6
    Adjusted
    Trade Segment           (6)      2       (6)      2
    Petrochemicals          26      (1)      38       6
    Segment - Polymers
    Petrochemicals           5      10        6      12
    Segment - Aromatics
    Petrochemicals           2       -        3       -
    Segment - Lube-Oils

Adjusted refining margin for Q2 2010 totaled USD/bbl 4.6,
compared with the average Mediterranean Ural Cracking Margin quoted by
Reuters of USD/bbl 3.5. Adjusted refining margin for Q2 2009 totaled USD/bbl
2.5 compared with the average Mediterranean Ural Cracking Margin of USD/bbl
1.4.

Adjusted consolidated EBITDA for Q2 2010 totaled $80 million
compared with $23 million in Q2 2009. The increase is attributed to the
improved margins in the refining and petrochemical segments of about $69
million
, as well as an increase in sales of about $18 million. This was
offset by a decline in other revenues of about $12 million and a rise in
fixed costs of about $18 million.

Financing income for Q2 2010 totaled $4 million, compared with a
financing expense of $6 million in Q2 2009.

The consolidated net income for Q2 2010 totaled $32 million,
compared with a net loss of $8 million in Q2 2009.

KEY DEVELOPMENTS

    - Following the completion of the acquisition of Carmel Olefins (CAOL)
    shares, the Company has consolidated the headquarters and operational
    activities of CAOL with ORL and is pursuing a rapid achievement of the
    merger benefits between the companies.

    - In June, the company activated the second and final stage of
    converting the HVGO desulphurization plant. Activation of Stage 2 is
    expected to increase the Company's production of diesel fuel by an
    additional 3-4%.

    - Significant progress was made during the period in completing the
    connection of the natural gas pipeline to the Company's facilities. This
    project, which is expected to be completed by the end of 2010, will
    enable all of the Company's facilities to run on natural gas and is
    expected to yield operational efficiencies.

    - As part of the company's strategic plan, carried out various projects
    in the areas of the environment as well as the reliability, safety and
    security of the facilities, totaling approximately $113 million.

    - The company recently completed a financing agreement designated to
    provide for the credit needs of the company until the end of 2012. The
    financing agreement was signed between the Company and a consortium of
    financing bodies led by Bank Hapoalim (totaling up to $600 million) and
    an American financial institution, with financing guaranteed by the U.S.
    Export Credit Agency (totaling up to $300 million).

FIRST HALF 2010 ($ million)

                         Operating Profit      EBITDA
                          1-6/10   1-6/09  1-6/10  1-6/09
    Refining Segment        28       17      47      37
    Adjusted
    Trade Segment           (8)       3      (8)      3

    Petrochemicals          31        -      55      14
    Segment - Polymers
    Petrochemicals          13       16      16      20
    Segment - Aromatics
    Petrochemicals           5        -       6       -
    Segment - Lube-Oils

The utilization rate for the first half of 2010 was at 93.7%,
compared with 85% for same period in 2009. Quantity refined totaled 4,489
tons compared with 3,771 tons in the same period of the previous year. Output
in petrochemicals segment for the first half of 2010 was as follows:
Polymers, approximately 363 thousand tons; Aromatics, approximately 266
thousand tons; Lube-Oils, approximately 34 thousand tons.

Adjusted refining margin for the first half totaled USD/bbl 3.9,
compared with the average Mediterranean Ural Cracking Margin quoted by
Reuters of USD/bbl 3.5. Adjusted refining margin for 1H 2009 totaled USD/bbl
3.5 compared with the average Mediterranean Ural Cracking margin of USD/bbl
2.4.

Adjusted consolidated EBITDA for the first half totaled $113
million
compared with $71 million in the same period of the previous year.
The increase is attributed to the improved margins in the refining and
petrochemical segments of about $72 million, as well as an increase in sales
of about $22 million. This was offset by a decline in other revenues of about
$14 million and a rise in costs of about $38 million. The rise in cost is
attributed to fluctuations in the exchange rate, one- off expenses and
changes in transport and energy costs.

Financing expenses for the first half totaled $8 million,
compared with a financing income of $9 million in the same period of the
previous year.

The consolidated net income for the first half totaled $29
million
, compared with a net income of $67 million in the same period of the
previous year.

Mr. Yashar Ben Mordechai, CEO of Oil Refineries: "The flexibility
of ORL's facilities along with the investments made in the past two years to
improve the Company's production abilities and diversity are positively
impacting this quarter's results. This flexibility helps us maximize our
operational capabilities by enabling us to adjust our production to more
profitable sectors within our company at any given time and as needed.
Indeed, the increased integration of the petrochemicals sector along with the
finalization of our acquisition of CAOL is producing significant synergies.
In addition, improvements made, such as facility conversions and upgrades as
well as the activation of stage 2 of converting the HVGO desulphurization
plant, which has now been operational since June, are also contributing to
our results. We expect that stage 2 will contribute to overall margins of the
company's diesel fuel production by about 3 - 4% in total."

Mr. Ben Mordechai added: "With the arrival of the natural gas
pipeline, along with the establishment of the hydrocracker, which is expected
to be operational in mid-2012, the Company will become a leading player in
the area and will be able to leverage additional opportunities in global
markets

Mr. Yossi Rosen, Chairman of the Board of Oil Refineries:
"ORL's EBITDA and operating profit demonstrate the effectiveness of the
Company's strategic plan, which is based on upgrading the Company's
facilities and developing flexibility. This flexibility allows the company to
take advantage of rising opportunities while enabling it to weather market
volatility, all while yielding good results over time. The arrival of the
natural gas pipeline to Haifa Bay, expected later this year, will enable the
company to operate in a more environmentally sustainable way. Construction of
the hydrocracker is an important part of the Company's strategic plan and
will convert Oil Refineries into a unique and leading refinery in the area,
integrating the capabilities of its petrochemical industries with its
refining capability at a high level.

Mr. Rosen further added: "The $900 million financing package
for further investments as part of the Company's strategic plan was secured.
This package will finance the investment in the hydrocracker (expected to
cost $500 million), the refinancing of the Company's debt and the investments
in environmental and safety initiatives. This is the largest financing plan
implemented in the Israeli market and will help enhance the Company's
long-term sustainability."

Conference Call

The Company will also be hosting a conference call later today,
Monday, August 23rd, 2010. On the call, management will present a
presentation reviewing the first quarter highlights and industry trends. The
presentation is available for download from the Company's website
www.orl.co.il: Investor Relations > Financial Reports.

To participate in the conference call, please call one of the
following teleconferencing numbers. Please begin placing your calls at least
10 minutes before the conference call commences. If you are unable to connect
using the toll-free numbers, please try the international number.

US Dial-in Numbers: 1-888-668-9141

UK Dial-in Number: 0-800-917-5108

Israel Dial-in Number: 03-918-0644

International Dial-in Number: +972-3-918-0644

at: 14:00 UK Time, 9:00 ET, 6:00 PT, 16:00 Israel time. A replay
of the call will be available after the call on the Company's website at
www.orl.co.il.

About Oil Refineries Ltd.

Oil Refineries Ltd. (ORL), located in the bay area of the city
of Haifa, operates Israel's largest integrated refining and petrochemical
group. It is one of the leading refineries in the Eastern Mediterranean area
and integrates, on-site, petrochemical businesses. ORL runs sophisticated and
state-of-the-art industrial facilities with a refining capacity of 9.8
million tons of crude oil per year and a Nelson Complexity Index of 7.4,
providing a variety of quality products used in industrial operation,
transportation, private consumption, agriculture and infrastructure. The
Company's petrochemical sector produces Polymers (through its ownership of
Carmel Olefins Ltd), Aromatics (through its ownership of Gadiv Petrochemical
Industries Ltd), and Lube-Oils (through its ownership of Haifa Basic Oils
Ltd). The Company's shares are listed on the Tel Aviv Stock Exchange under
the ticker ORL. For additional information please visit www.orl.co.il.

The above noted in this release includes forward-looking
statements based on Company data, as well as Company plans and estimations
based on this data. The activity, results and other data may be substantially
different in reality given uncertainty and various risks, including those
discussed under risk factors in the Company's financial statements and
Director's reports.

       Condensed Consolidated Interim Statements of Financial Position
                                 USD thousands

                                        June 30,     June 30,  December 31,
                                           2010         2009          2009
                                             (Unaudited)          (Audited)
    Current assets
    Cash and cash equivalents            19,272       16,827        34,961
    Deposits                             65,060       99,274        77,637
    Financial derivatives                13,958          337             -
    Investments in financial assets at
    fair value through comprehensive
    income                               96,532      102,130       107,034
    Trade receivables                   471,971      306,644       360,876
    Other receivables and debt
    balances                             68,863       65,959        62,495
    Inventory                         1,004,515      785,256     1,016,453
    Current tax assets                    8,006       43,845         3,957
    Total current assets              1,748,177    1,420,272     1,663,413

    Non-current assets
    Investments in equity-accounted
    investees                            16,322       34,971        13,673
    Investments in available-for-sale
    financial assets                      9,130        9,238        10,909
    Loan to Haifa Early Pensions Ltd.    70,133       69,769        76,053
    Long term loans and debit balances    3,479        2,625         3,951
    Financial derivatives               139,080       74,038       120,671
    Employee benefit plan assets          9,682        5,378         9,993
    Property, plant and equipment
                                      1,900,585    1,137,838(*)  1,891,659(*)
    Deferred expenses                     8,434          315(*)      1,366(*)
    Intangible assets                    86,782       20,663        93,187

    Total non-current assets          2,243,627    1,354,835     2,221,462

    Total assets                      3,991,804    2,775,107     3,884,875

(*) Reclassified

       Condensed Consolidated Interim Statements of Financial Position
                                  USD thousands

                                   June 30,     June 30,  December 31,
                                      2010         2009          2009
                                         (Unaudited)         (Audited)
    Current liabilities
    Loans and borrowings           866,475      678,484       603,685
    Trade payables                 553,725      302,229       542,025
    Other payables and             122,267       67,169       105,903
    credit balances
    Financial derivatives              249       35,174        28,051
    Provisions                      13,427       13,192        11,582
    Other liabilities               13,350            -             -
    Total current
    liabilities                  1,569,493     1,096,248    1,291,246

    Non-current liabilities
    Debentures                     820,791      698,583       853,205
    Bank loans                     290,039      187,847       358,310
    Liabilities for finance          8,591        8,285         8,768
    lease
    Other long-term                      -        7,678        15,973
    liabilities
    Financial derivatives           13,277          656         3,111
    Employee benefits               61,822       50,388        63,871
    Deferred tax liabilities       141,402       87,872       138,464
    Total non-current            1,335,922    1,041,309     1,441,702
    liabilities

    Total liabilities           2 ,905,415    2,137,557     2,732,948

    Capital

    Non-controlling                      -            -        17,183
    interests

    Share capital                  586,390      472,478       586,390
    Share premium                  100,242            -       100,242
    Reserves                        33,636       33,345        35,571
    Retained earnings              366,121      131,727       412,541
    Total equity attributed      1,086,389      637,550     1,134,744
    to shareholders of the
    Company

    Total capital                1,086,389      637,550     1,151,927

    Total liabilities and       3 ,991,804    2,775,107     3,884,875
    capital
     Condensed Consolidated Interim Statement of Comprehensive Income
                                USD thousands

                                                  Six months ended
                                                June 30,    June 30,
                                                   2010        2009
                                                    (Unaudited)

    Revenue                                   3,582,810   2,192,401

    Cost of sales, refinery and services      3,491,686   2,013,733(*)
    Revaluation of open positions in
    derivatives on prices of goods and
    margins, net                                (38,032)     47,863
    Total cost of sales                       3,453,654   2,061,596
    Gross profit                                129,156     130,805

    Selling expenses                            (55,874)    (34,450)(*)
    General and administrative expenses         (34,417)    (16,202)(*)
    Negative goodwill arising on
    a business combination                            -           -
    Profit from revaluation of a prior
    holding due to increase in control                -           -
    Loss from the loss of material impact
    in a former equity-accounted investee,
    net of tax                                        -      (7,091)
    Operating profit (loss)                      38,865      73,062
    Finance income                               59,277      44,271
    Finance expenses                            (67,716)    (35,798)
    Finance income (expenses), net               (8,439)      8,473

    Company's share in profits
    (losses) of equity-accounted
    investees (net of tax)                          342       3,838
    Profit (loss) before taxes on income         30,768      85,373
    Tax benefits (taxes on income)               (2,084)    (18,763)
    Profit (loss) for the period                 28,684      66,610
    Items of other comprehensive
    income (loss)
    Actuarial gains (losses) from a defined
    benefit plan, net                              (104)      6,679
    Foreign exchange translation differences       (818)        (27)
    Group's share of other
    comprehensive income of an
    equity-accounted investee                         -      10,433
    Change in fair value of
    available-for-sale financial
    assets, net of tax                           (1,459)        823

    Other comprehensive income (loss),
    net of tax                                   (2,381)     17,908

    Comprehensive income for the period:         26,303      84,518

    Earnings (loss) per share (USD)
    Basic and diluted earnings
    (losses) per ordinary share
    (in USD)                                      0.012       0.033

    (continued)

                                 Three months ended    Year ended
                                 June 30,  June 30,      December
                                    2010      2009      31, 2009
                                     (Unaudited)        (Audited)

    Revenue                    1,878,039 1,208,043     5,141,480

    Cost of sales,
    refinery and services      1,828,033 1,139,078(*)  4,842,805(*)
    Revaluation of open
    positions in derivatives
    on prices of goods and
    margins, net                 (42,676)   46,618        38,606
    Total cost of sales        1,785,357 1,185,696     4,881,411
    Gross profit                  92,682    22,347       260,069

    Selling expenses             (29,785)  (14,130)(*)   (74,067)(*)
    General and
    administrative expenses      (19,827)   (8,306)(*)   (36,175)(*)
    Negative goodwill
    arising on a business
    combination                        -         -       137,000
    Profit from revaluation of a
    prior holding due to increase
    in control                         -         -        77,561
    Loss from the loss of
    material impact in a
    former equity-accounted
    investee, net of tax               -    (7,091)       (7,091)
    Operating profit (loss)       43,070    (7,180)      357,297
    Finance income                29,694   (14,501)       61,223
    Finance expenses             (26,026)    8,609       (86,866)
    Finance income
    (expenses), net                3,668    (5,892)      (25,643)

    Company's share in
    profits (losses) of
    equity-accounted
    investees (net of tax)           163      (753)        4,892
    Profit (loss) before
    taxes on income               46,901   (13,825)      336,546
    Tax benefits (taxes on
    income)                      (14,630)    5,844        12,698
    Profit (loss) for the period  32,271    (7,981)      349,244
    Items of other comprehensive
    income (loss)
    Actuarial gains (losses) from
    a defined benefit plan, net     (232)    6,512         4,859
    Foreign exchange
    translation differences         (494)      227            77
    Group's share of other
    comprehensive income
    of an equity-accounted
    investee                           -    15,232        10,433
    Change in fair value
    of available-for-sale
    financial assets, net
    of tax                        (6,892)      823         2,270

    Other comprehensive
    income (loss), net of
    tax                           (7,618)   22,794        17,639

    Comprehensive income
    for the period:               24,653    14,813       366,883

    Earnings (loss) per
    share (USD)
    Basic and diluted
    earnings (losses) per
    ordinary share (in
    USD)                           0.013    (0.004)        0.175

(*) Reclassified

The following tables present selected information of the Group for the
six months ended June 30, 2010 compared to the corresponding period last year


                              Refining                   Trade
                                  Six months ended June 30
                          2010       2009           2010       2009

    Revenue              2,645      1,640             96        230
    Inter-company
    operations             488        189              -         18
    Total sales          3,133      1,829             96        248
    Cost of sales        3,054      1,718            101        244
    Inter-company
    operations              22         19              -          -
    Total cost of
    sales                3,076      1,737            101        244

    Gross profit
    (loss)                  57         92             (5)         4

    Selling, general
    and
    administrative
    expenses                34         28              3          1
    Inter-company
    operations               -          -              -          -
                            34         28              3          1

    Operating profit
    (loss) for
    segments                23         64             (8)         3

    Loss from loss
    of material
    impact in an
    equity-accounted
    investee
    Amortization of
    the excess cost
    arising from
    acquisition of
    investees
    Operating profit

    Finance income
    (expenses), net

    Share in profits
    (losses) of
    investees, net
    of tax

    Profit before
    income tax

    Income tax

    Profit for the
    period

    (continued)

                                                Petrochemicals
                                      Polymers     Aromatics       Oils
                                           Six months ended June 30
    Revenue                          2010  2009    2010  2009    2010  2009
    Inter-company operations
    Total sales                       535   177     268   146      39     -
    Cost of sales                       -     -      22    19       -     -
    Inter-company operations          535   177     290   165      39     -
    Total cost of sales               249    99      22     1      11     -
                                      224    66     237   136      22     -
    Gross profit (loss)               473   165     259   137      33     -

    Selling, general and
    administrative expenses            62    12      31    28       6     -
    Inter-company operations
                                       30    11      17    11       1     -
                                        1     1       1     1       -     -
    Operating profit (loss) for
    segments                           31    12      18    12       1     -

    Loss from loss of material
    impact in an equity-accounted
    investee                           31     -      13    16       5     -
    Amortization of the excess cost
    arising from acquisition of
    investees
    Operating profit

    Finance income (expenses), net

    Share in profits (losses) of
    investees, net of tax

    Profit before income tax

    Income tax

    Profit for the period

    (continued)

                         Adjustments to
                          consolidated            Consolidated
                                 Six months ended June 30

                           2010    2009            2010  2009

    Revenue                   -       -           3,583 2,193
    Inter-company
    operations             (510)   (226)              -     -
    Total sales            (510)   (226)          3,583 2,193
    Cost of sales             -       -           3,437 2,062
    Inter-company
    operations             (505)   (221)              -     -
    Total cost of sales    (505)   (221)          3,437 2,062

    Gross profit (loss)      (5)     (5)            146   131

    Selling, general
    and administrative
    expenses                  -       -              85    51
    Inter-company
    operations               (2)     (2)              -     -
                             (2)     (2)             85    51

    Operating profit
    (loss) for segments      (3)     (3)             61    80

    Loss from loss of
    material impact in
    an equity-accounted
    investee                                          -    (7)
    Amortization of the
    excess cost arising
    from acquisition of
    investees                                       (22)    -
    Operating profit                                 39    73

    Finance income
    (expenses), net                                  (8)    9

    Share in profits
    (losses) of
    investees, net of
    tax                                               -     4

    Profit before
    income tax                                       31    86

    Income tax                                       (2)  (19)

    Profit for the period                            29    67

The following tables present selected information of the Group for the
three months period


                              Refining        Trade
                           Three months ended June 30

                           2010    2009    2010    2009

    Revenue               1,413     855      28     172
    Inter-company
    operations              242     104       -      18
    Total sales           1,655     959      28     190

    Cost of sales         1,601     946      32     187
    Inter-company
    operations               11      10       -       -
    Total cost of sales   1,612     956      32     187

    Gross profit (loss)      43       3      (4)      3

    Selling, general
    and administrative
    expenses                 20      11       2       1
    Inter-company
    operations                -       -       -       -
                             20      11       2       1

    Operating profit
    (loss) for segments      23      (8)     (6)      2

    Loss from loss of
    material impact in
    an equity-accounted
    investee

    Amortization of the
    excess cost arising
    from acquisition of
    investees

    Operating profit
    (loss)

    Finance income
    (expenses), net
    Share in losses of
    investees, net of
    tax
    Profit (loss)
    before taxes on
    income
    Tax benefits
    (income tax)
    Net profit (loss)
    for the period

    (continued)

                                    Petrochemicals
                     Polymers            Aromatics          Oils
                              Three months ended June 30
                     2010   2009      2010  2009        2010  2009

    Revenue          274      92       141    89          22     -
    Inter-company
    operations       -         -        11    10           -     -
    Total sales      274      92       152    99          22     -

    Cost of sales    123      48        17     5           8     -
    Inter-company
    operations       110      40       120    78          11     -
    Total cost of
    sales            233      88       137    83          19     -

    Gross profit
    (loss)            41       4        15    16           3     -

    Selling, general
    and
    administrative
    expenses         14        4        10     6           1     -
    Inter-company
    operations        1        1         -     -           -     -
                     15        5        10     6           1     -

    Operating profit
    (loss) for
    segments         26       (1)        5    10           2     -

    Loss from loss
    of material
    impact in an
    equity-accounted
    investee

    Amortization of
    the excess cost
    arising from
    acquisition of
    investees

    Operating profit
    (loss)

    Finance income
    (expenses), net
    Share in losses
    of investees,
    net of tax
    Profit (loss)
    before taxes on
    income
    Tax benefits
    (income tax)
    Net profit
    (loss) for the
    period

                     Adjustments to
                      consolidated     Consolidated
                        Three months ended June 30
                     2010    2009    2010        2009

    Revenue             -       -   1,878       1,208
    Inter-company
    operations       (253)   (132)      -           -
    Total sales      (253)   (132)  1,878       1,208

    Cost of sales       -       -   1,781       1,186
    Inter-company
    operations       (252)   (128)      -           -
    Total cost of
    sales            (252)   (128)  1,781       1,186

    Gross profit
    (loss)             (1)     (4)     97          22

    Selling, general
    and
    administrative
    expenses            -       -      47          22
    Inter-company
    operations         (1)     (1)      -           -
                       (1)     (1)     47          22

    Operating profit
    (loss) for
    segments            -      (3)     50           -

    Loss from loss
    of material
    impact in an
    equity-accounted
    investee                            -          (7)

    Amortization of
    the excess cost
    arising from
    acquisition of
    investees                          (7)          -

    Operating profit
    (loss)                             43          (7)

    Finance income
    (expenses), net                     3          (6)
    Share in losses
    of investees,
    net of tax                          -          (1)
    Profit (loss)
    before taxes on
    income                             46         (14)
    Tax benefits
    (income tax)                      (14)          6
    Net profit
    (loss) for the period              32          (8)
    Company Contact:
    Rony Solonicof
    Chief Economist and Head of IR
    Tel. +972-4-878-8320
    Contact IREn@orl.co.il

    Investor Relations Contact:
    Ehud Helft / Porat Saar
    CCG Israel
    Tel. (US) +1-646-233-2161 / (Int.) +972-52-776-3687
    info@ccgisrael.com

Company Contact: Rony Solonicof, Chief Economist and Head of IR, Tel. +972-4-878-8320, Contact IREn at orl.co.il, Investor Relations Contact: Ehud Helft / Porat Saar, CCG Israel, Tel. (US) +1-646-233-2161 / (Int.) +972-52-776-3687, info at ccgisrael.com

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