G. Willi-Food Announces Approval by Gold Frost Shareholders of Cancellation of Gold...

G. Willi-Food Announces Approval by Gold Frost Shareholders of Cancellation of
Gold Frost's Listing on the AIM Market

YAVNE, Israel, May 20 /PRNewswire-FirstCall/ -- G. Willi-Food
International Ltd. (NASDAQ: WILC) (the "Company" or "Willi Food"), one of
Israel's largest food importers and a single-source supplier of one of the
world's most extensive range of quality kosher food products, today announced
that Gold Frost Ltd. ("Gold Frost") today convened a Special General Meeting
to approve the cancellation of its ordinary share listing to the AIM Market
of the London Stock Exchange. Gold Frost is Willi Food's 89.99% owned
subsidiary and a leading developer and distributor of premium kosher chilled
and frozen dairy food products.
At the Special General Meeting of Gold Frost held today, the resolution
to cancel Gold Frost's admission to AIM was duly passed. Accordingly,
cancellation of Gold Frost's AIM admission will take effect at 7.00 a.m.
(BST) on May 28, 2008.
Willi Food's shares will continue to trade on the NASDAQ Capital Market
in the U.S.
Willi Food has expressed interest in possibly buying the remainder of
Gold Frost shares that it does not already own.
About G. Willi-Food International, Ltd.
G. Willi-Food International Ltd. is one of Israel's largest food
importers and a single-source supplier of one of the world's most extensive
ranges of quality kosher food products. It currently imports, markets and
distributes more than 600 food products manufactured by some 120 top-tier
suppliers throughout the world to more than 2,000 customers. Willi Food
excels in identifying changing tastes in its markets and sourcing
high-quality kosher products to address them. The Company also operated
several subsidiaries: Gold Frost Ltd. subsidiary develops and distributes
kosher chilled and frozen dairy food products internationally together with
its Danish dairy distributor subsidiary; Laish Israeli subsidiary and joint
venture with the Baron Family engage in the global import, export and
distribution of kosher products worldwide; Shamir Salads is a leading
international distributor of pre-packaged Mediterranean foods. For more
information, please visit the Company's website at
http://www.willi-food.co.il.
This press release contains forward-looking statements within the meaning
of safe harbor provisions of the Private Securities Litigation Reform Act of
1995 relating to future events or our future performance, such as statements
regarding trends, demand for our products and expected revenues, operating
results, and earnings. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or achievements
expressed or implied in those forward-looking statements. These risks and
other factors include but are not limited to: changes affecting currency
exchange rates, including the NIS/U.S. Dollar exchange rate, payment default
by any of our major clients, the loss of one of more of our key personnel,
changes in laws and regulations, including those relating to the food
distribution industry, and inability to meet and maintain regulatory
qualifications and approvals for our products, termination of arrangements
with our suppliers, in particular Arla Foods, loss of one or more of our
principal clients, increasing levels of competition in Israel and other
markets in which we do business, changes in economic conditions in Israel,
including in particular economic conditions in the Company's core markets,
our inability to accurately predict consumption of our products and risks
associated with product liability claims. We cannot guarantee future results,
levels of activity, performance or achievements. The matters discussed in
this press release also involve risks and uncertainties summarized under the
heading "Risk Factors" in the Company's Annual Report on Form 20-F for the
year ended December 31, 2006, filed with the Securities and Exchange
Commission. These factors are updated from time to time through the filing of
reports and registration statements with the Securities and Exchange
Commission. We do not assume any obligation to update the forward-looking
information contained in this press release.
Company Contact:

G. Willi Food International Ltd.,
Gil Hochboim, Vice President,
+972-8-932-1000,
gil@willi-food.co.il ;

IR Contact:

The Global Consulting Group,
Christopher Chu,
+1-646-284-9426,
cchu@hfgcg.com .

SOURCE G. Willi-Food International Ltd

Company Contact: G. Willi Food International Ltd., Gil Hochboim, Vice
President, +972-8-932-1000, gil@willi-food.co.il ; IR Contact: The Global
Consulting Group, Christopher Chu, +1-646-284-9426, cchu@hfgcg.com .