Ampal-american Israel 10-Q 2008 Q2 Quarterly report

Exhibit 11.1

AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES

SCHEDULE SETTING FORTH COMPUTATION OF LOSS PER SHARE OF CLASS A STOCK

SIX MONTHS ENDED JUNE 30,	2008			2007
(Dollars in thousands, except per share amounts)	(Unaudited)			(Unaudited)
BASIC AND DILUTED EPS
Net Loss from continuing operation	$	(27,645	)	$	(7,796	)
Net Loss from discontinued operation	$	-		$	(416	)
Net Loss as reported	$	(27,645	)	$	(8,212	)
Loss from continuing operation	$	(0.48	)	$	(0.16	)
Loss from discontinued operation		-			(0.01	)
Loss per Class A Share	$	(0.48	)	$	(0.17	)
Weighted average number of shares used in
calculation (in thousands)		57,722			47,574