Weekly Review: : 4 – 8 December 2011 TASE trading in the first week of December ended lower for all leading share price indices.

• The TA-25 index lost 1.3% over the week and is 19.3% lower than its beginning-of-the-year level, following a 16% increase in 2010.

• The TA-100 index, which retreated 1.6% over the week, is 20.5% lower than at the beginning of the year, following a 15% increase in 2010.

• The TA Real Estate-15 index stood out this week with a 3.8% decline while TA BlueTech-50 and TA Banks indices decreased 0.8% and 0.4% respectively.

• The Government of Israel floated government bonds on the local market equaling US $470 million. Since the beginning of the year, the government has raised US $16.6 billion in government bond issues, as opposed to US $15.2 billion in the 2010 calendar year.

• The Bank of Israel released figures indicating that in October foreign investors sold T-bills (MAKAM) for a net sum of US $1.6 billion, continuing the $4.2 May-September sell-off. However, they purchased US $ 3.9 billion Israel government bonds in May-October.

• The NIS/dollar exchange rate on 8 December came to 3.741 a weekly increase of 0.2% against the shekel, which brings the year-to-date appreciation of the dollar to 5.4%, after depreciating 6% in 2010.

• The NIS/Euro exchange rate on 8 December came to 5.0079 a 0.5% decline over the week. The Euro has appreciated 5.7% against the NIS since the beginning of the year, after depreciating 12.9% in 2010.