Bank Hapoalim B.M. - Holding(s) in Company

RNS Number:7782L
Bank Hapoalim B.M.
15 January 2008

Head Office

63 Yehuda Halevi St., Bank Hapoalim Bldg., Tel Aviv 65781

Tel: 972-3-5673800; Fax: 972-3-5674576

Date: January 14, 2008

Reference: 802/08

To: The London Stock Exchange

Dear Sir or Madam,

RE: Immediate Report

Bank Hapoalim B.M. (hereinafter: "the Bank") is pleased to advise that on 14th
January, 2008 at about 03:30 p.m. the Bank received notice from Arison Holdings
(1998) Ltd., which is the controlling party of the Bank, as follows:

"Arison Holdings (1998) Ltd. ("Arison Holdings"), which holds all of the core of
control shares of Bank Hapoalim B.M. ("the Bank"), is hereby pleased to advise
the Bank that on 14th January, 2008 Arison Holdings purchased 1,000,000 (in
words: a million), of the shares of the Bank in the course of trade on the stock
exchange, in consideration of the total sum of NIS 17,782,531.47 (in words:
Seventeen million, seven hundred and eighty- two thousand, five hundred and
thirty-one New Israeli Shekels, and forty-seven Agoroth).

Following the aforesaid purchase, the sum of Arison Holdings' holdings of the
shares of the Bank will stand at 262,731,308 shares, which constitute 20.84% of
the issued share capital of the Bank."

Yours faithfully,

Bank Hapoalim B.M.

( - ) ( - )

Ilan Mazur, Adv. Yoram Weissbrem

Chief Legal Adviser Secretary of the Bank

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