Leumi Intl Invs. - Dividend Declaration

RNS Number:1239R
Leumi International Investments NV
31 March 2008

BANK LEUMI LE-ISRAEL B.M.
(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

34 Yehuda Halevi Street, Leumi House, Tel Aviv 65546

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

Electronic Mail: jennifer@bll.co.il

31 March 2008

To: Israel Securities Authority
The Tel Aviv Stock Exchange

Immediate Report on Distribution of Cash Dividend

Regulation 37(a) of the Securities (Periodic and Immediate Reports) Regulations,
1970

1. We hereby give notice that on 30 March 2008 the Board of Directors of the
Corporation resolved to distribute a dividend.

2. The amount of the dividend to be distributed is NIS 270,000,000.

The dividend is at the rate of 18.5% of the issued and paid-up share capital.

3. Dividend record date: 17 June 2008

"Ex" date: 18 June 2008

Date of dividend distribution: 30 June 2008

4. Rate of tax to be deducted at source: 20%

5. Balance of profits of the Corporation, as defined in Section 302 of the
Companies Law, 1999, following the distribution detailed in this report is NIS
11,029,000,000. The Corporation, being a banking corporation, is subject to
additional restrictions regarding distributions in addition to those contained
in Section 302 of the Companies Law, 1999.

6. Procedure for approval of distribution of the dividend: Subject to the
approval of the upcoming General Meeting of Stockholders.

7.
Tel Aviv Stock Exchange Dividend Amount Per Share to Currency Date of
Registration Number of be Distributed in NIS or Other of Payment
Eligible Security Currency Payment ----------
-------------- ---------------- ---------
604611 0.185 NIS 30 June
-------------- ---------------- --------- 2008
----------

8. The Corporation does not have any dormant shares that are not entitled to
payment of the dividend and therefore no waivers are required.

9. The Corporation has outstanding securities convertible into capital. The
effect of the distribution of the dividend on these securities is as follows:

Regarding the exercise shares arising from the exercise of the options allocated
to employees of the Leumi Group on 24 January 2006 (Leumi Option 01/06), the
gross dividend to which each aforementioned share is entitled on the record date
for determining entitlement to participate in the dividend distribution shall be
deducted from the exercise price, such amount being linked to the CPI from the
record date for determining the right to participate in such dividend
distribution, until the actual date of the exercise of the options.

Note to Clauses 2 and 7 above: The dividend is at a rate of some 52.2% of the
net profit for the fourth quarter of 2007. Based on the paid-up share capital as
of 10 March 2008, the said dividend is at a rate of some 18.5% of the paid-up
capital. Should additional options be exercised up until the record date, the
rate of the dividend in relation to the paid-up capital, and the amount of the
dividend per share will be reduced accordingly.

The total dividends for 2007 will amount to NIS 1,684 million, which is some
50.2% of the net profit for 2007 and NIS 1.185 per ordinary share (subject to
changes in the consequence of the exercise of options as previously mentioned).
_____________________________________________________________________
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
The company news service from the London Stock Exchange

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