19 November 2014 Queenco Leisure International Ltd. Amendment of Terms of a Tender Offer by Shareholder Queenco Leisure International Ltd., the emerging markets entertainment center and casino developer and operator (the "Company" or "QLI"), announced today that it has been informed by (Y.Z) Queenco Ltd. ("YZ" or the "Offeror"), which holds, together with a wholly owned subsidiary thereof, an aggregate of approximately 36.7 per cent of the Company's issued and outstanding share capital, that on 18 November 2014 YZ amended the terms of the full tender offer for all issued and outstanding share capital (including GDRs) of the Company (other than the share capital held by YZ or by its foregoing wholly owned subsidiary) previously announced by the Company on 28 October 2014 (the "Offer "). Under the amended terms of the Offer, each QLI share will be exchanged for 0.29 share of YZ. On a percentage basis, a QLI shareholder that held, immediately prior to consummation of the tender offer, 1% of the issued and outstanding share capital of QLI, would receive YZ shares representing 1.116% of the equity rights and 1.144% of the voting rights in YZ immediately following consummation of the tender offer and issuance of the YZ shares in the Offer. Except as described above, the terms of the Offer remain unchanged. For further information about the Company please visit www.queenco.comor contact: Queenco Leisure International Ltd. Yariv Lerner, Chief Executive Officer T: +972 3 7566 555 רח' מנחם בגין 11 קומה 30 רמת גן, ישראל FLOOR RAMAT-GAN, ISRAEL 11 MENAHEM BEGIN ST. 30
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