EXHIBIT 1
[TRANSLATION]
September 3, 2009
SECURITIES AUTHORITY TEL AVIV STOCK EXCHANGE
www.isa.gov.il www.tase.co.il
IMMEDIATE REPORT CONCERNING APPOINTMENT OF A DIRECTOR
(NOT A COMPANY)
Regulation 34(b) of the Securities Regulations (Periodic and Immediate Reports)
1970
NOTE: Pursuant to Regulation 34(d) of the Securities Regulations (Periodic and
Immediate Reports) 1970, in addition to this Report, a list of senior
executives, on Form 97, must be filed
1. Family name and first name: Zuta Shlomith
Type of identification number: Identity Card
Identification number: 067276147
Type of citizenship: Israeli
2. Date of birth: March 8, 1960
3. Address for service of process: 6 Uri Street, Tel Aviv
4. The position that was appointed: Outside Director
5. Prior position with the company before the appointment: None
6. The date on which appointment will commence: September 3, 2009
7. Education:
DEGREE SUBJECT INSTITUTION
- --------- ----------- ---------------------
Ph.D. Finance Business School -
New York University
M. Phil. Finance Business School -
New York University
M. Sc. Operations Mathematical Sciences
Research School - Tel Aviv
University
B.Sc. Theoretical Mathematical Sciences
Mathematics School - Tel Aviv
University
8. Primary activities during past 5 years:
POSITION PLACE OF WORK TERM
- --------------------------- ------------------------------ ------------
Financial Adviser Kibbutz Hazarim 2008 to date
Director Sela Capital Real Estate 2008 to date
Ltd.
Director Analyst Provident Funds 2008 to date
Ltd.
Director Mercantile Provident 2007 to date
Funds Ltd.
Outside Economic Adviser Israel Securities Authority 2007 to date
Head Economist Israel Securities Authority 2006-2007
Member of Investment Makefet 2003-2006
committee
Director Tsur Shamir 2002-2006
Director Union Bank 2002-2005
Member Investment Omega New Partners 2002-2005
committee Underwriting and
Investments Ltd.
9. Appointed as alternate director for N/A
10. The director SERVES as a director in another company.
Sela Capital Real Estate Ltd., Analyst Provident Funds Ltd., Mercantile
Provident Funds Ltd.
11. The director IS NOT an employee of the company or a subsidiary or an
affiliated company.
12. The director IS NOT a relative of another interested shareholder of the
company.
13. The director DOES NOT OWN shares and convertible securities of the company
or a subsidiary or affiliated company.
14. The director IS a member of a committee of the board of directors: Audit
committee and Financial Statement committee
15. The director IS an accounting and financial expert (as defined in the
guideline issued by the [Israel] Securities Authority pursuant to Section 36A of
the Securities Law-1968.
Dr. S. Zuta is a director that was regarded by the company as having accounting
and financial expertise for the purpose of satisfying the minimum number
determined by the board of directors pursuant to Section 92(a)(12) of the
Companies Law.