YAVNE, Israel, May 20 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (NASDAQ:WILC) (the "Company" or "Willi Food"), one of Israel's largest food importers and a single-source supplier of one of the world's most extensive range of quality kosher food products, today announced that Gold Frost Ltd. ("Gold Frost") today convened a Special General Meeting to approve the cancellation of its ordinary share listing to the AIM Market of the London Stock Exchange. Gold Frost is Willi Food's 89.99% owned subsidiary and a leading developer and distributor of premium kosher chilled and frozen dairy food products. At the Special General Meeting of Gold Frost held today, the resolution to cancel Gold Frost's admission to AIM was duly passed. Accordingly, cancellation of Gold Frost's AIM admission will take effect at 7.00 a.m. (BST) on May 28, 2008. Willi Food's shares will continue to trade on the NASDAQ Capital Market in the U.S. Willi Food has expressed interest in possibly buying the remainder of Gold Frost shares that it does not already own. About G. Willi-Food International, Ltd. G. Willi-Food International Ltd. is one of Israel's largest food importers and a single-source supplier of one of the world's most extensive ranges of quality kosher food products. It currently imports, markets and distributes more than 600 food products manufactured by some 120 top-tier suppliers throughout the world to more than 2,000 customers. Willi Food excels in identifying changing tastes in its markets and sourcing high-quality kosher products to address them. The Company also operated several subsidiaries: Gold Frost Ltd. subsidiary develops and distributes kosher chilled and frozen dairy food products internationally together with its Danish dairy distributor subsidiary; Laish Israeli subsidiary and joint venture with the Baron Family engage in the global import, export and distribution of kosher products worldwide; Shamir Salads is a leading international distributor of pre-packaged Mediterranean foods. For more information, please visit the Company's website at http://www.willi-food.co.il/. This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products and expected revenues, operating results, and earnings. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: changes affecting currency exchange rates, including the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, in particular Arla Foods, loss of one or more of our principal clients, increasing levels of competition in Israel and other markets in which we do business, changes in economic conditions in Israel, including in particular economic conditions in the Company's core markets, our inability to accurately predict consumption of our products and risks associated with product liability claims. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2006, filed with the Securities and Exchange Commission. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release. Company Contact: G. Willi Food International Ltd., Gil Hochboim, Vice President, +972-8-932-1000, ; IR Contact: The Global Consulting Group, Christopher Chu, +1-646-284-9426, . DATASOURCE: G. Willi-Food International Ltd CONTACT: Company Contact: G. Willi Food International Ltd., Gil Hochboim, Vice President, +972-8-932-1000, ; IR Contact: The Global Consulting Group, Christopher Chu, +1-646-284-9426, .

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