The total dividend amount distributed to each shareholder amounts to 80% of the dividend amount with 20% taxes withheld and deposited with a trustee on April 17, 2008 for a 90 day period, after which they will be transferred to the Israeli Tax Authorities.
Furthermore on the agenda is the election of Mr. Nissim Zvili as the second independent (external) director of the Company, for one (1) three (3) year term in accordance with the Israeli Companies Law, in addition to the current independent director, Ms. Nehama Ronen,
who shall serve until the end of her three (3) year term in 2010.
Mr. Zvili served from 2002 until 2005 as the Israeli ambassador to France, from 1992 to 1998 as the secretary general of the Israeli Labour Party, and from 1992 to 1999 he served as a member of the Israeli parliament. Mr. Zvili has previously served as an Independent (external) director on the Board from December 2001 to November 2002.
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