RNS Number:3503M
Technoplast Industries Ld
16 June 2003

  

                                                          Tel Aviv, 15 June 2003



The London Stock Exchange
Company Announcements Section
Fax: 44-207-5886057



Dear Sir,





         RE:             Technoplast Industries Ltd - Immediate report



Technoplast Industries Ltd. (hereinafter: "the Company") has announced to the
Tel Aviv Stock Exchange and to the Israeli Securities Authority as an immediate
report, the following:



1.         Mrs. Orna Patishi ceased to hold the office of director in the
Company as of 15 June 2003.



            To the best of the Company's knowledge, the reason for Mrs.
Patishi's leaving the office of director is of no consequence to the Company and
/or to its shareholders.



            Mrs. Patishi continues to be an interest holder in the Company.



2.         On 15 June 2003 Mr. Aviad Shachar was appointed as a director in the Company.



            Mr. Shachar is 37 years old and possesses an academic education.



            In the previous five years Mr. Shachar has served, or is currently
serving as a director in Shachar Hamillenium (1991) Ltd.; Smart Storage Ltd.;
Bamaasaf Plastics (1994) Ltd.; Bamaasaf Marketing and Trade Ltd.; Palsaf
(Manufacture and Marketing of Profiles) Ltd.;  A.G.M.R. Holdings and Management
Ltd.; A.G.M.R. Engineering and Investments Ltd.; Zuk Bazelet Investments Ltd.



            Mr. Shachar is not employed by an interest holder in the Company.



            Mr. Shachar is not related to any interest holder in the Company.



            Mr. Shachar does not hold any shares of the Company. Mr. Shachar
holds shares of  Shachar Hamillenium (1991) Ltd., a company that holds 23% of
Smart Storage Ltd.'s (a subsidiary of the Company) issued and paid up share
capital.



                                Yours Sincerely,



                                Gill Rimon, Adv.
                          R. Yohay & Co., Law Offices




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