51IR Hapoalim 21

TIDM51IR

RNS Number : 1389C

Hapoalim International NV

13 June 2019

RNS Notification

13 June 2019

Offering Circular dated 30 July 2015 in respect of the USD 2,500,000,000 Global Medium Term Programme (the "Programme") of Hapoalim International N.V. (the "Issuer"), as amended, restated or supplemented from time to time (the "Offering Circular")

RE: Notification in respect of certain events affecting Bank Hapoalim B.M., the guarantor of the Issuer's obligations under the Programme

Terms used but not otherwise defined herein shall have the meanings ascribed to them in the Offering Circular.

The Issuer makes the following announcement in respect of Bank Hapoalim B.M., the guarantor of the Issuer's obligations under the Programme (the "Guarantor"):

The Guarantor has published the attached immediate report on the sale of holdings of ABS:

LEI of the Guarantor: B6ARUI4946ST4S7WOU88

Class and sub-class of regulated information: Ongoing regulated information - Inside information

For further information please contact:

Gilad Bloch

Secretary of the Bank

Bank Hapoalim B.M.

   Direct Dial:            +972 (0)3 567 3800 
   Email:                   gilad.bloch@poalim.co.il 

The following is an unofficial translation of the Hebrew report and has been prepared for convenience only.

In case of any discrepancy, the Hebrew version prevails.

"

Bank Hapoalim B.M.

Number with the Registrar: 520000118

   Securities Authority   Tel Aviv Stock Exchange Ltd.   Tav 121    Transmitted via Magna: 06/06/2019 

www.isa.gov.il www.tase.co.il (Public) Reference: 2019-01-048588

Immediate Report

Explanation: This form should not be used when there is a form

appropriate to the reported event.

Results of an issue should be reported on Tav 20 and not on this form.

A report on the rating of bonds or the rating of a corporation

should be filed under Form Tav 125.

Nature of the Event: Sale of Holdings of ABS

Reference numbers of previous reports on the subject: _____________________________

Further to that stated in Note 16 to the Quarterly Financial Statements of Bank Hapoalim B.M. ("the Bank") as of March 31, 2019 (p. 232) regarding the requirement for the Bank to sell its holdings in ABS (Automatic Bank Services Ltd., "ABS"), which exceed 10% by January 2021, and regarding the publication of a prospectus for a sale offering of shares of ABS, the Bank respectfully updates as follows:

In the framework of the public sale offering of the shares of ABS, which was completed on June 5, 2019, the offering banks sold approximately 43.6% of the shares of ABS, of which the Bank sold approximately 13.4% of the shares of ABS for a total consideration (gross) of approximately NIS 40 million. In respect of the sale, the Bank is expected to record pre-tax profit (less expenses related to the sale offering) of approximately NIS 23 million in the financial statements for the second quarter of 2019, and an additional profit of approximately NIS 19 million in respect of the revaluation of the balance of holdings in shares of ABS (11.1%).

The company is not an enveloping company as defined in the TASE Rules and Regulations

The date and time when the corporation first learned of the event: 05/06/2019 at 19:30

Names of the signatories on behalf of the corporation and their job titles:

Ofer Levy, Chief Accountant

Guy Kalif, Head of Financial Planning and Budgeting

Date signed 06.06.2019

The reference numbers of the previous documents on the subject (any citation made does not constitute inclusion by way of reference):

2019-01-052249

The securities of the corporation are listed for trading on the Tel - Aviv Stock Exchange

Date on which the structure of the form was updated: 30/04/2019

Abbreviated Name: Poalim

Address: POB 27, Tel Aviv 6100001 Telephone: 03-567 3800. 03-567 3333, Fax: 03-567 4576

Electronic Mail: gilad.bloch@poalim.co.il Company Website: http://www.bankhapoalim.co.il

Previous names of reporting entity:

Name of Electronic Reporter: Bloch Gilad, His Job Title: Secretary of the Bank, Name of Employing Company:

Address: Yehuda Halevy 63, Tel-Aviv 6578109, Telephone: 03-567 3800 Fax: 03-567 4576,

Electronic Mail: gilad.bloch@poalim.co.il

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 13, 2019 09:48 ET (13:48 GMT)