EXHIBIT 2

                                  [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: Hildesheimer Aaron
Type of identification number: Identity Card
Identification number: 000467662
Type of citizenship: Israeli

2. Date of birth: September 6, 1941

3. Address for service of process: 15 Hameshorer Street, Ramat Gan

4. The position that was appointed: Outside Director

5. Prior position with the company before the appointment: Outside Director

6. The date on which appointment will commence: September 3, 2009

7. Education:

    DEGREE                         SUBJECT                       INSTITUTION
- ---------------                ---------------                -----------------

M.B.A.                         Business Admin.                Hebrew University
B.A.                           Economics                      Hebrew University

8. Primary activities during past 5 years:

   POSITION                     PLACE OF WORK                       TERM
- ---------------                ---------------                -----------------

General Manager                Admon Trust and Investments-   Since 1991
                               Ramat Gan

9. Appointed as alternate director for     N/A

10. The director SERVES as a director in another company.
    Pardes Industries Ltd. ID#52-0033747





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 Investment 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.

Mr. A. Hildesheimer 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.