Delisting Determination,The Nasdaq Stock Market, LLC,
November 6, 2009, Medis Technologies Ltd. The Nasdaq Stock
Market, Inc. (the Exchange) has determined to remove from
listing the common stock of Medis Technologies Ltd.
(the Company), effective at the opening of the trading
session on November 16, 2009. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rules 5450(b)(1)(A), 5100, 5250(e)(2),
and 5635. The Company was notified of the Staffs determination
on July 17, 2009 and August 14, 2009. The Company requested a review
of the Staffs determination before the Listing Qualifications Hearings
Panel. Upon review of the information provided by the Company, the
Panel issed a decision dated August 19, 2009, notifying the Company
that because it had not regained compliance with Rules 5450(b)(1)(A),
5100, 5250(e)(2), and 5635,it did not qualify for inclusion on
the Exchange. Trading in the Companys securities was suspended
on August 21, 2009. The Company did not request a review
of the Panels decision by the Nasdaq Listing and Hearing
Review Council. The Listing Council did not call the
matter for review. The Panels Determination to delist
the Company became final on October 5, 2009.