New Technology Indices TA-Technology Index and TA BlueTech-50 Index (temporary name to replace the Tel-Tech Index)

The Tel Aviv Stock Exchange’s (TASE) Board of Directors approved upgrade of its technology sector indices, within the framework of developing TASE as a financial hub for technology companies. After launching The TA-Biomed index last year, TASE enhanced its Tel-Tech index to incorporate biomed companies and launched a new TA-Technology index which focuses on TASE-listed electronics, communications, IT and cleantech companies. The changes are scheduled to debut on 3.4.2011.

• The TA BlueTech-50 Index will include the 50 most highly capitalized companies among those included in the TA-Technology and TA-Biomed indices and will replace the current Tel-Tech Index.
• The index will include IT, electronics and cleantech companies not currently included in the Tel-Tech index.
• The base index on the debut date will be identical to the closing price of the Tel-Tech Index on 31.3.2011.

• This new index is a composite sectoral index incorporating all shares included on the TASE technology list – which is composed of electronics, communications and IT companies, cleantech companies (dealing with water treatment, alternative energy and waste disposal technologies) and investment firms specializing in hi-tech investments.
• The TA-Technology index will not include “biomed” shares, as these are included in the TA-Biomed Index.
• The number of companies in the TA-Technology Index is not limited. The index will comprise all companies meeting threshold requirements for inclusion in the TASE Index Universe.
• The base index price on the launch date will be identical to the closing Tel-Tech index on 31.3.2011.