Leumi Intl Invs. - Class Action

RNS Number:2566M
Leumi International Investments NV
22 January 2008

BANK LEUMI LE-ISRAEL B.M.

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(GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE
PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.)

Translation of Immediate Report

Bank Leumi le-Israel B.M.

Registration No. 520018078

Securities of the Corporation are listed on The Tel Aviv Stock Exchange

Abbreviated Name: Leumi

Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546

Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732

Electronic Mail: jennifer@bll.co.il

22 January 2008

To: Israel Securities Authority (www.isa.gov.il)
The Tel Aviv Stock Exchange (www.tase.co.il)

Immediate Report regarding an Event or Matter falling outside the Ordinary
Course of Business of the Corporation

Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports)
Regulations, 1970

Nature of Event: Approval of Claim as Class Action

Further to previous reports of Bank Leumi le-Israel B.M. (the "Bank"), regarding
a petition for the approval of a claim as a class action (the "Petition") filed
in the Tel Aviv-Jaffa District Court against the Bank, Bank Hapoalim B.M. and
Israel Discount Bank Ltd., whereby it is alleged that the said banks charged
their customers interest for unlinked shekel credit, a commission for credit
allotment and fixed management fees with regard to debitory current accounts at
identical rates and amounts, as a result of price coordination and a restrictive
arrangement, which are prohibited under the Restrictive Trade Practices Law,
1988, it is hereby announced that on 21 January 2008 the Bank received a ruling
of the District Court regarding approval of the claim as a class action.

The remedy requested in the action is the refund of the alleged over-charging to
the said customers of the banks, who took out unlinked shekel credit or a
"retroactive reduction" of the aforementioned interest and commission rates
collected by the banks during the past decade, in an estimated aggregate amount
of NIS 7 billion (while in the body of the petition, it is alleged that the
aggregate damage is NIS 10 billion). The action does not clearly state which
specific amount is attributable to each of the banks.

The Bank is of the view that a petition for permission for leave to appeal can
be filed against the said ruling, and will act accordingly.

Date and time at which the corporation first became aware of the event or
matter:
21 January 2008 at 10:00.
_____________________________________________________________
Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President,
Group Secretary
POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,
Electronic Mail: jennifer@bll.co.il

This information is provided by RNS
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