RNS Number:7689A
Amiad Filtration Systems Ltd
31 March 2006


                         Amiad Filtration Systems Ltd

                            (Amiad or "the Company")


                            Notification of Interest


31 March 2006: The Company was notified today by one of its significant
shareholders, Gaon Agro, a venture capital fund based in Israel, that it has
disposed of its entire interest in the Company. Gaon sold 2,462,304 shares
representing 13.05% of the entire issued share capital through a placing with
institutional investors by Panmure Gordon & Co.


Through the same placing, its majority shareholder, Kibbutz Amiad, also sold
257,429 shares representing 1.36% of the entire issued share capital. Kibbutz
Amiad continues to hold 9,942,571 shares representing 51.01% of the issued share
capital.


Yossi Katz , CEO of Amiad, said: "We are grateful for the guidance provided by
Gaon Agro over the past few years. Since Amiad was a non core part of Gaon's
business, it was felt by the Board of Gaon Agro to dispose of its holding and
crystallise value for their shareholders."


Enquiries:

Amiad Filtration Systems
Yossi Katz, CEO                                  +972 4 690 9500
Itamar Eder, CFO

Corfin Communications
Harry Chathli, Neil Thapar                       +44 20 7929 8989







                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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