Ampal-american Israel 10-Q 2012 Q3 Quarterly report

Exhibit 11.1

AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES

SCHEDULE SETTING FORTH COMPUTATION OF EARNINGS (LOSS) PER SHARE OF CLASS A STOCK

NINE  MONTHS ENDED SEPTEMBER 30,	2012			2011*
(Dollars in thousands, except per share amounts)	(Unaudited)			(Unaudited)
Basic and diluted EPS:
Loss from continuing operations attributable to Ampal’s shareholders	$	(220,777	)	$	(76,247	)
Income (loss) from discontinued operations, net of tax		(341	)		33,916
Net Loss attributable to Ampal’s shareholders		(221,118	)		(42,331	)
Loss per share of Class A Stock:
Loss from continuing operations		(78.66	)		(27.16	)
Income (loss) from discontinued operations, net of tax		(0.12	)		12.08
	$	(78.78	)	$	(15.08	)
Shares used in calculation		2,807			2,807

(*)Retroactively adjusted to reflect a reverse stock split.