Release Details

Immediate Report - Barazani Hearing

September 30, 2002
30th September, 2002

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The Securities Authority
The Tel Aviv Stock Exchange
The Registrar of Companies

Dear Sirs,

Re: Immediate Report

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On 23rd July, 2001 an immediate report was issued by the Company
concerning the application of Mr. Yossef Barazani to the Supreme Court
for an additional hearing on the composition of the panel of justices
in his appeal against the dismissal of a class action which he filed
against the Company, in respect of misleading advertising [a detailed
description of the proceeding appears in Note 20(A)(1) to the
financial statements of the Company as at 31st December, 2001].

Further to that immediate report, an immediate report is hereby
submitted that according to the website of the Supreme Court, a ruling
of the Supreme Court was handed down on 29th September, 2002, allowing
an additional hearing of the appeal before a panel of seven justices.
The ruling also states that the panel before which the additional
hearing will take place, will also be required, as necessary, to hear
the application to join the proceeding which was filed on behalf of
the Israeli Consumer Council.

The Company is unable, at this stage, to estimate the outcome of the
proceeding.


Yours sincerely,

Shlomo Koppel
Corporate Secretary


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Disclaimer: The above information constitutes a translation of the
Immediate Report published by the Company. The Hebrew version was
submitted by the Company to the relevant authorities pursuant to
Israeli law, and represents the binding version and the only one
having legal effect. This translation was prepared for convenience
purposes only.

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