ADO Properties S.A. announced that on January 24, 2019 the board of directors of the Company appointed Mr. David Daniel as a member and Executive Vice Chairman of the Board of Directors with immediate effect. David Daniel was appointed on a provisional basis until his membership may be confirmed by a general meeting of the Company, scheduled to be held in March 2019. He will fill the vacant position on the Board of Directors following the resignation of Mr. Shlomo Zohar. David Daniel was also appointed as the CEO of ADO Group LTD, Israel, following Shlomo Zohar in this position after the end of his term. David Daniel has extensive experience in the real estate industry. His most recent position was vice President, Head of Real Estate at Psagot Investment House, Israel.