I.B.I. Investment House

IBI Investment House (http://www.ibi.co.il) was founded in 1971 and offers its clients a wide range of products and financial services – all under one roof. Over the years IBI proved to be professional,

stable and credible as will attest its thousands of loyal and satisfied customers which constitute its client-base.

IBI Investment House, a member of the Tel Aviv Stock Exchange (TASE), with total client assets of over NIS 20 billion. Over the past decade, the group has led a majority of Israel’s

IPOs and has continuously provided a variety of custom-made financial services to private and institutional clients.

Israel Brokerage and Investments, IBI Ltd.

provides brokerage services. A dynamic trading desk staff buys and sells securities in both the local and international markets, manages employee option and benefit programs, and trades financial derivatives, commodities and foreign currencies.

International Department - operates a trade room for bonds traded in the international markets as well as trade of structured financial tools.

IBI Trade – Self-Managed account – An investment account with IBI allows the self-managing investor to trade in a wide variety of financial products and in a number of trading

arenas around the world via computerized trading systems

Securities-based benefits programs – The service is offered to companies and employees and includes computerized management of various securities-based programs including: exercise of options, conversion and sale.

IBI Gemel Ltd. is responsible for managing provident funds, study funds and compensation funds in compliance with the latest pension market reform. Customers can choose from among four risk levels and change from one portfolio to another at any time. Funds are managed by professional account managers from IBI Amban, with over NIS 1.2 billion

currently under management.

IBI’s Research Department is one of the leading research departments in Israel. It provides extensive macro and micro coverage and analysis to companies, major institutional clients and investment consultants. IBI’s research department covers approximately 100 companies traded on the TASE on an ongoing basis.

Foreign Exchange Department – The department advises companies on planning their foreign currency policy, offers solutions for company exposure and addresses the operations and investment needs to meet the client’s requirements.

IBI AMBAN Asset Management Ltd. Manages investment portfolios valued at over NIS 8 billion for private and institutional clients. Amban’s portfolio management team utilizes a unique process for choosing investments, and employs analytical research based on a defined investment philosophy. Unlike other portfolio managers, a majority of strategic investment decisions are reached by an investment committee, and not by a single investment manager.

IBI Mutual Fund Management (1978) Ltd.

develops, manages and markets 39* mutual funds of diverse character for institutional and private clients with total of ca.NIS 10 billion*

*As of 04-07-2010

Investment Banking – The investment banking department deals with initiating, executing and operating real and financial transactions (tradable and non-tradable) in a wide range of fields in Israel and abroad.

Poalim IBI – Managing & Underwriting Ltd.

(TASE: PIU), a major underwriter in Israel’s capital market, has led more than half of the IPOs on the TASE to date. Its main activities include underwriting services for public and private offerings, raising capital for project financing, locating business investors and managing mergers and acquisitions.