Kibbutz Shamir and Essilor Announce Completion of Acquisition of 50% of Shamir Optical Industry, Ltd. by Essilor

Shamir Optical Industry, Ltd., Kibbutz Shamir and Essilor Internationalannounced the successful acquisition of 50% of Shamir Optical by Essilor, further to announcements of October 15, 2010. The closing follows the approval of the transaction by Shamir Optical's shareholders at a special meeting held on April 26, 2011 in accordance with Israeli law and the satisfaction of all closing conditions, including the approval of the Nazareth District Court in Israel and required regulatory approvals.