Immediate Report on the Distribution of a Cash Dividend to Securities

The Company is pleased to report that on 26.03.2018 the Company’s Board of Directors resolved to distribute a dividend to the shareholders of the Company in the amount of 4.5 million NIS (hereinafter: the “Dividend”) The Company’s Board of Directors approved the dividend distribution after examining the distribution tests (the “profit test and the solvency test) In accordance with the provisions of the Companies Law, 5759-1999 (hereinafter: the Companies Law)