Israel Corporation Limited : Immediate Report Regarding a Senior Officer Who Ceased to Serve

This is an English convenience t ranslation of the originai Hebrew version. In case of any

discrepancy, the binding version is the Hebrew originai

Israel Corpora tion Ltd.

Registrar Number: 5200280 l O

Securities ofthe Corporation are listed in the Tel Aviv Stock Exchange

Sort name: lsrael Corporation

Address: P.O.B. 20456, Tel A viv 61204

Tel: [phone], Fax: [phone]

Ema i l: MA YAAK @ ISRAELCORP.COM

Form 094

Public

Date ofTransmission: 1 0/ 1 2/2013

Reference: 2013-01 -093829

To:

The Securities Authority www.isa.gov. il

To:

The T el Aviv Stock Exchange www.tase.co.i l

Immed iate Report regarding a senior officer w ho ceased to serve

l. First name: Surname:

Type of identification:

Identi tìcation number: Citizenship:

Amir Elstein IDNumber

053663753

Individua/ with Jsraeli citizenship

2 . The position that he has left: Regular Director

3. The date ofhis departure: December 31, 2013.

Appointment Date: February 5, 2009.

4. According to the best knowledge ofthe corporation, the cessation ofthe director's tenure: does not involve circumstances that should be brought to the attention of holders of securities ofthe corporation.

5 . Manner of termination of service: End of service

6 . Position in which he continues to serve in the corporation: Does not serve in any position in the corporaJion.

- 2-

This is an English convenience translation of the originai Hebrew version. In case of any discrepancy, the binding version is the Hebrew originai

Does he continue to serve as a senior officer in the Company: No.

7 . Was the director a member of a committee: Yes. Name of Committee: Chairman of the Strategy Comrnittee; Chairman of Investments and financial strategy Committee; Chairman ofthe Nominations Committee; Member ofCommunity Relations Committee.
8 . Will the senior officer continue, after his departure, to be an interested party by virtue of holdings: No l By virtue of being a senior officer, as required by reguJation 33 (h) of the Securities Regulations (Periodic and Immediate Reports) - 1970: No
9 . Did the Company considered the departing director as having an accounting and financial expertise? No
11. Did the Company see the departing director as an lndependent director: No
Does the proportion of independent directors serving on the company's Board of Directors is less than that required by an instruction under the company's Articles of Association regarding the proportion of independent directors? No
Is there, despite the cessation of the director's tenure, a majority of independent directors? No
12. The date and time when the event first became known to the corporation: December 10,

2013 Time: 16:15

•!• Mr. Amir Elstein served as the Chairman the company's Board of Directors. Mr. Ron
Moskowitz was appointed as the Chairman ofthe Board ofDirectors, as of January l, 2014.
The name of the authorized signatory to the report and the name of the authorized electronic signatory: Maya Alcheh-Kaplan
Position: Vice President, Generai Counsel and Company Secretary
Date of signing: December l O, 2013