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MSCI will reclassify the MSCI Israel Index to Developed Markets coinciding with the May 2010

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Friday, December 18th, 2009

TASE ester levanon

MSCI Barra, the leading provider of investment decision support tools to investment institutions worldwide, will reclassify the MSCI Israel Index to Developed Markets coinciding with the May 2010.

Upgraded Israel from emerging market to developed market is a proof of the great achievement of the Israeli economy and is going to have a big impact on our economy.

That will enable the Tel Aviv Stock Exchange (TASE) to have institution investors fro overseas, What contributed to the fact that Israel was upgraded to developed market is a combination of few things. First of all, the great success of the Israeli economy, then the high level of regulation that we have in Israel and last but not least, the way that the Tel Aviv Stock Exchange operates in a very modern and very transparent way.

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