Further to immediate report of Koor Industries Ltd. ("the Company") on January 22, 2014 (Ref. 2014-01-021625) on the court's approval of the Settlement Agreement in connection with the merger transaction between the Company and Discount Investments Ltd. (its controlling shareholder) ("DIC") (hereinafter "the Settlement Agreement", "the Merger Transaction", respectively), the Company's immediate report on February 13, 2014 (Ref. 2014-01-039298) concerning publication of an amendment to the shelf prospectus of DIC in connection with rights it will offer pursuant to the Settlement Agreement, and the immediate report of the Company on March 2, 2014 (Ref. 2014-01-003380) concerning the closing of the Merger Transaction and fulfillment of the preconditions for the Settlement Agreement, the Company can now report that today, March 5, 2014, DIC has published a shelf offering report in the matter of the rights it will offer to the members of the group pursuant to the Settlement Agreement ("the Rights offered by DIC", "the Group Members", respectively).

It is noted, as the Company was informed by DIC, that for submitting applications in connection with the Rights Offered by DIC, the Group members are required, inter alia, to attach to the applications confirmation of their ownership of Company shares as of the closing date of the Merger Transaction.

It is further noted that the Company is a wholly-owned (100%) subsidiary of DIC.


The Group Members are the shareholders of the Company on the date of closing the Merger Transaction, excluding DIC and IDB Development Ltd., the controlling shareholder in DIC.

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