UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 14) *
AMERICAN ISRAELI PAPER MILLS LTD.
--------------------------------------------------------------------------------
(Name of Issuer)
Ordinary Shares, par value NIS0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
027069-50-9
--------------------------------------------------------------------------------
(CUSIP Number)
Kurt Keren, Adv.
Discount Investment Corporation Ltd.
The Triangular Tower, 44th Floor
3 Azrieli Center, Tel Aviv 67023
Israel
Tel: +972 3 6075888
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
October 30, 2005
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 249.13d-1(g), check the
following box. [_]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Clal Industries and Investments Ltd.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
WC
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 1,424,348
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
1,424,348
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,424,348
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
35.6%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
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Page 2 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
DIC Loans Ltd.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
WC
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 804,689
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
804,689
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
804,689
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
20.1%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
Page 3 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Discount Investment Corporation Ltd.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [X]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 804,689
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
804,689
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
804,689
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
20.1%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
Page 4 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
IDB Development Corporation Ltd.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 2,229,037
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
2,229,037
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,229,037
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
Page 5 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
IDB Holding Corporation Ltd.
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 2,229,037
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
2,229,037
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,229,037
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
CO
--------------------------------------------------------------------------------
Page 6 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Nochi Dankner
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 2,229,037
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
2,229,037
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,229,037
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
Page 7 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Shelly Bergman
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 2,229,037
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
2,229,037
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,229,037
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
Page 8 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Ruth Manor
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 2,229,037
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
2,229,037
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,229,037
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
Page 9 of 19 pages
SCHEDULE 13D
CUSIP NO. 027069-50-9
--------------------------------------------------------------------------------
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Avraham Livnat
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3. SEC Use only
--------------------------------------------------------------------------------
4. Source of funds (See Instructions)
Not Applicable
--------------------------------------------------------------------------------
5. Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d)
or 2(e) [_]
--------------------------------------------------------------------------------
6. Citizenship or Place of Organization
Israel
--------------------------------------------------------------------------------
7. Sole Voting Power
0
Number of -------------------------------------------------------------
Shares 8. Shared Voting Power
Beneficially 2,229,037
Owned by Each -------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person With: 0
-------------------------------------------------------------
10. Shared Dispositive Power
2,229,037
--------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,229,037
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
55.7%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions)
IN
--------------------------------------------------------------------------------
Page 10 of 19 pages
This Amendment No. 14 on Schedule 13D/A (the "Amendment") amends and
supplements, to the extent specified herein, the Statement on Schedule 13D, as
amended, previously filed with the Securities and Exchange Commission by the
Reporting Persons with respect to the ordinary shares, par value New Israeli
Shekel 0.01 per share, of American Israeli Paper Mills Ltd. (the "Statement").
Capitalized terms used in this Amendment without being defined herein have the
meanings given to them in the Statement.
The Amendment is filed by the Reporting Persons in connection with changes in
their ownership of the Shares as a result of purchases of Shares by Clal and DIC
Loans.
The following amends and supplements Items 2, 3, 4 and 5 of the Statement.
Item 2. IDENTITY AND BACKGROUND
(a), (b) and (c): The Reporting Persons.
As of October 30, 2005:
IDB Development owned approximately 70% of the outstanding shares of DIC.
IDB Holding owned approximately 69% of the outstanding shares of IDB
Development.
In addition to approximately 31.02% of the outstanding shares of IDB
Holding owned by Ganden, which is controlled by Nochi Dankner and Shelly Bergman
through Ganden Holdings, Ganden owned approximately 6.59% of the outstanding
shares of IDB Holding. These additional shares of IDB Holding owned by Ganden
are not subject to the Shareholders Agreement. Substantially all of these
additional shares of IDB Holding owned by Ganden were acquired with borrowed
funds and are subject to the rights of Ganden's lending institution in the event
of default.
The name, citizenship, residence or business address and present principal
occupation of the directors and executive officers of (i) Clal, (ii) DIC Loans,
(iii) DIC, (iv) IDB Development and (vi) IDB Holding are set forth in Schedules
A, B, C, D and E attached hereto, respectively, and incorporated herein by
reference.
(d) None of the Reporting Persons or, to the knowledge of the
Reporting Persons, any director or executive officer named in Schedules A,
B, C, D and E to this Amendment, has, during the last five years, been
convicted in any criminal proceeding, excluding traffic violations and
similar misdemeanors, except as described in Amendment No. 13 of the
Statement.
(e) None of the Reporting Persons or, to the knowledge of the
Reporting Persons, any director or executive officer named in Schedules A,
B, C, D and E to this Amendment, has, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction which as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal or state
securities laws or finding any violation with respect to such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
From September 1, 2005 through October 30, 2005 Clal and DIC Loans purchased an
aggregate of 98,276 Shares for a total purchase price of NIS 17,988,687
(approximately $3,895,871), excluding commissions, in cash, using their
respective own funds to pay such total purchase price.
Item 4. PURPOSE OF TRANSACTION
The Shares acquired by Clal and DIC Loans as set forth in this Amendment were
purchased for investment purposes.
Item 5. INTEREST IN SECURITIES OF THE ISSUER
As of October 30, 2005:
Clal was the direct owner of 1,424,348 Shares, constituting approximately
35.6% of the outstanding Shares. Clal shares the power to vote and dispose of
these Shares.
Page 11 of 19 pages
DIC Loans was the direct owner of 804,689 Shares, constituting
approximately 20.1% of the outstanding Shares. DIC Loans shares the power to
vote and dispose of these Shares. DIC may be deemed beneficial owner of, and to
share the power to vote and dispose of these Shares held by DIC Loans.
IDB Development, IDB Holding and the Reporting Persons who are natural
Persons may each be deemed the beneficial owners of, and to share the power to
vote and dispose of, an aggregate of 2,229,037 Shares held by Clal and DIC
Loans, constituting approximately 55.7% of the outstanding Shares.
The Issuer reported on September 1, 2005 that there were 4,001,232 Shares
outstanding, and the percentages of the outstanding Shares set forth above are
based on this number.
The following table sets forth the purchases of Shares made by Clal and DIC
Loans from September 1, 2005 through October 30, 2005 (a total of 98,276
Shares). Clal and DIC Loans acted together in making these purchases. All these
purchases were made on the Tel Aviv Stock Exchange.
DATE OF NUMBER OF SHARES NUMBER OF SHARES PRICE PER
TRANSACTION PURCHASED BY CLAL PURCHASED BY DIC LOANS SHARE
----------- ------- ------------ -----
September 22, 2005 132 74 NIS 18.83
115 65 18.84
21,000 11,865 18.90
October 30, 2005 41,551 23,474 18.00
Except as aforesaid, none of the Reporting Persons purchased or sold any Shares
during the last 60 days preceding October 30, 2005.
Information provided to the Reporting Persons indicates that as of October 30,
2005 Yecheskel Dovrat, a director of Clal, owned 110 Shares, and that except for
such Shares owned by him as aforesaid none of the executive officers and
directors of IDB Holding, IDB Development, Clal, DIC and DIC Loans owned as of
October 30, 2005, or purchased or sold during the last 60 days preceding such
date, any Shares.
Item 7. MATERIAL TO BE FILED AS EXHIBITS
Schedules A, B, - Name, citizenship, residence or business address and present
C, D and E principal occupation of the directors and executive officers
of (i) Clal, (ii) DIC Loans, (iii) DIC, (iv) IDB Development
and (v) IDB Holding.
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this Amendment No. 14 is
true, complete and correct.
Date: November 3, 2005 CLAL INDUSTRIES AND INVESTMENTS LTD.
DIC LOANS LTD.
DISCOUNT INVESTMENT CORPORATION LTD.
IDB DEVELOPMENT CORPORATION LTD.
IDB HOLDING CORPORATION LTD.
NOCHI DANKNER
SHELLY BERGMAN
RUTH MANOR
AVRAHAM LIVNAT
BY: IDB HOLDING CORPORATION LTD.
(Signed)
BY: ______________________________
Haim Tabouch and Arthur Caplan, authorized signatories of
IDB Holding Corporation Ltd., for itself and on behalf of
Clal Industries and Investments Ltd., DIC Loans Ltd.,
Discount Investment Corporation Ltd., IDB Development
Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor
and Avraham Livnat, pursuant to agreements annexed to
Amendment No. 12 as Exhibits 3 through 10.
Page 12 of 19 pages
Schedule A
Directors and Executive Officers
o f
CLAL INDUSTRIES AND INVESTMENTS LTD.
(as of October 30, 2005)
Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and
floor, Tel-Aviv 67023, Israel Clal; Director of companies.
Shelly Bergman Director Director of companies.
9 Hamishmar Ha'Ezrachi Street, Afeka,
Tel-Aviv 69697, Israel
Avi Fischer Director & Co-Chief Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Executive Officer Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal.
Lior Hannes Director Executive Vice President of IDB Development;
3 Azrieli Center, The Triangular Tower, 44th Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Marc Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shay Livnat Director President of Zoe Holdings Ltd.
26 Shalva Street, Herzlia Pituach 46705,
Israel
Yecheskel Dovrat (1) Director Economical consultant & director of companies.
1 Nachshon Street, Ramat Hasharon 47301,
Israel
David Leviatan Director Director of companies.
18 Mendele Street, Herzelia 46709, Israel
Nachum Langental External Director Director of companies.
3a Jabotinski Street, Ramat Gan 52520, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower 44th
floor, Tel-Aviv 67023, Israel
Isaac Manor (*) Director Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group.
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Page 13 of 19 pages
Adiel Rosenfeld Director Representative in Israel of the Aktiva group.
42 Ha'Alon Street, Timrat 23840, Israel
Aliza Rotbard External Director Chief Executive Officer of DOORS Information
6 Rosenblum Street, #6101 Sea & Sun 69379, Systems, Inc.
Tel Aviv, Israel
Zvi Livnat Co-Chief Executive Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Officer Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal.
Nitsa Einan Vice President and General Counsel of Clal.
3 Azrieli Center, The Triangular Tower 45th General Counsel
floor, Tel-Aviv 67023, Israel
Gil Milner Vice President & Comptroller of Clal.
3 Azrieli Center, The Triangular Tower 45th Comptroller
floor, Tel-Aviv 67023, Israel
Gonen Bieber (***) Vice President of Finance Manager of Clal.
3 Azrieli Center, The Triangular Tower 45th Finance, Manager
floor, Tel-Aviv 67023, Israel
Guy Rosen Vice President Vice President of Clal.
3 Azrieli Center, The Triangular Tower 45th
floor, Tel-Aviv 67023, Israel
Boaz Simons Vice President Vice President of Clal.
3 Azrieli Center, The Triangular Tower 45th
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
(**) Citizen of Slovenia.
(***) Dual citizen of Israel and Germany.
(1) As of October 30, 2005 Mr. Dovrat owned 110 Shares.
----------
Schedule B
Directors and Executive Officers
o f
DIC LOANS LTD.
(as of October 30, 2005)
Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
-------------- -------- ----------------------------
Oren Lieder Director & Chief Senior Vice President and Chief Financial Officer
3 Azrieli Center, The Triangular Tower 44th Financial Officer of DIC.
floor, Tel-Aviv 67023, Israel
Raanan Cohen Director Vice President of DIC.
3 Azrieli Center, The Triangular Tower 44th
floor, Tel-Aviv 67023, Israel
Michel Dahan Director & Comptroller of DIC.
3 Azrieli Center, The Triangular Tower 44th Comptroller
floor, Tel-Aviv 67023, Israel
Page 14 of 19 pages
Schedule C
Directors and Executive Officers
o f
DISCOUNT INVESTMENT CORPORATION LTD.
(as of October 30, 2005)
Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and
floor, Tel-Aviv 67023, Israel Clal Industries and Investments Ltd.; Director of
companies.
Shelly Bergman Director Director of companies.
9 Hamishmar Ha'Ezrachi Street, Afeka,
Tel-Aviv 69697, Israel
Zvi Livnat Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Avi Fischer Director Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Lior Hannes Director Executive Vice President of IDB Development;
3 Azrieli Center, The Triangular Tower, 44th Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd.
Taavura Junction, Ramle 72102, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Gideon Lahav Director Director of companies.
124 Ehad Ha-Am Street, Tel-Aviv 65208, Israel
Moshe Arad External Director Director of companies.
14 Shay Agnon Street, Jerusalem 92586, Israel
Gideon Dover External Director Chief Executive Officer and director of Dover
11 Hamaalot Street, Herzlia B 46583, Israel Medical and Scientific Equipment Ltd.
Page 15 of 19 pages
Isaac Manor (*) Director Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group.
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Adiel Rosenfeld Director Representative in Israel of the Aktiva group.
42 Ha'Alon Street, Timrat 23840, Israel
Ami Erel President and Chief President and Chief Executive Officer of DIC.
3 Azrieli Center, The Triangular Tower, 44th Executive Officer
floor, Tel-Aviv 67023, Israel
Oren Lieder Senior Vice Senior Vice President and Chief Financial Officer
3 Azrieli Center, The Triangular Tower, 44th President and Chief of DIC.
floor, Tel-Aviv 67023, Israel Financial Officer
Raanan Cohen Vice President Vice President of DIC.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Michel Dahan Comptroller Comptroller of DIC.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
----------
Schedule D
Directors and Executive Officers
o f
IDB DEVELOPMENT CORPORATION LTD.
(as of October 30, 2005)
Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and
floor, Tel-Aviv 67023, Israel Clal Industries and Investments Ltd.; Director of
companies.
Shelly Bergman Director Director of companies.
9 Hamishmar Ha'Ezrachi Street, Afeka,
Tel-Aviv 69697, Israel
Avi Fischer Deputy Chairman of Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd.
Zvi Livnat Deputy Chairman of Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th the Board of Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Directors Officer of Clal Industries and Investments Ltd.
Page 16 of 19 pages
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shay Livnat Director President of Zoe Holdings Ltd.
26 Shalva Street, Herzlia Pituach 46705,
Israel
Eliahu Cohen Director and Chief Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower 44th Executive Officer
floor, Tel-Aviv 67023, Israel
Isaac Manor (*) Director Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel of the David Lubinski Ltd. group.
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Darko Horvat (**) Director Chairman and Chief Executive Officer of Aktiva
20 Kensington Park Gardens, London W11 3HD, group.
United Kingdom
Abraham Ben Joseph Director Director of companies.
87 Haim Levanon Street, Tel-Aviv 69345, Israel
Amos Malka External Director Deputy Chairman of Elul group of companies.
18 Nahal Soreq Street, Modi'in 71700, Israel
Rami (Avraham) Mardor External Director Director of companies.
33 Haoranim Street, Kfar Shmariyahu 46910,
Israel
Irit Izakson Director Director of companies.
15 Great Matityahou Cohen Street, Tel-Aviv
62268, Israel
Lior Hannes Executive Vice Executive Vice President of IDB Development;
3 Azrieli Center, The Triangular Tower, 44th President Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Dr. Zehavit Joseph (***) Executive Vice Executive Vice President and Chief Financial
3 Azrieli Center, The Triangular Tower, 44th President and Chief Officer of IDB Development; Chief Financial
floor, Tel-Aviv 67023, Israel Financial Officer Officer of IDB Holding.
Gabriel Perel (#) Executive Vice Executive Vice President of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th President
floor, Tel-Aviv 67023, Israel
Ari Raved Vice President Vice President of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Page 17 of 19 pages
Haim Gavrieli Vice President Vice President of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Haim Tabouch Comptroller Comptroller of IDB Holding and IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Ruti Sapan Vice President, Vice President, Management Resources of IDB
3 Azrieli Center, The Triangular Tower, 44th Management Resources Development.
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
(**) Citizen of Slovenia.
(***) Dual citizen of Israel and U.S.A.
(#) Mr. Perel resigned from his position on and with effect as of October 31,
2005.
----------
Schedule E
Directors and Executive Officers
o f
IDB HOLDING CORPORATION LTD.
(as of October 30, 2005)
Citizenship is the same as country of address, unless otherwise noted.
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
-------------- -------- ----------------------------
Nochi Dankner Chairman of the Chairman and Chief Executive Officer of IDB
3 Azrieli Center, The Triangular Tower, 44th Board of Directors Holding; Chairman of IDB Development, DIC and
floor, Tel-Aviv 67023, Israel and Chief Executive Clal Industries and Investments Ltd.; Director of
Officer companies.
Isaac Manor (*) Deputy Chairman of Chairman of companies in the motor vehicle sector
26 Hagderot Street, Savion 56526, Israel the Board of of the David Lubinski Ltd. group.
Directors
Shelly Bergman Director Director of companies.
9 Hamishmar Ha'Ezrachi Street, Afeka,
Tel-Aviv 69697, Israel
Lior Hannes Director Executive Vice President of IDB Development;
3 Azrieli Center, The Triangular Tower, 44th Chairman of Clal Tourism Ltd.
floor, Tel-Aviv 67023, Israel
Refael Bisker Director Chairman of Property and Building Corporation Ltd.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London W11 9HD, United
Kingdom
Shaul Ben-Zeev Director Chief Executive Officer of Avraham Livnat Ltd.
Taavura Junction, Ramle 72102, Israel
Eliahu Cohen Director Chief Executive Officer of IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
Page 18 of 19 pages
Dori Manor (*) Director Chief Executive Officer of companies in the motor
18 Hareches Street, Savion 56538, Israel vehicle sector of the David Lubinski Ltd. group.
Darko Horvat (**) Director Chairman and Chief Executive Officer of Aktiva
20 Kensington Park Gardens, London W11 3HD, group.
United Kingdom
Meir Rosenne Director Attorney.
14 Aluf Simchoni Street, Jerusalem 92504,
Israel
Shmuel Lachman External Director Information technology consultant
9A Khilat Jatomir Street,
Tel Aviv 69405, Israel
Rolando Eisen External Director Director of companies.
2 "A" Geiger Street, Naveh Avivim, Tel Aviv
69341, Israel
Zvi Livnat Director and Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th Executive Vice Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel President Officer of Clal Industries and Investments Ltd.
Avi Fischer Executive Vice Executive Vice President of IDB Holding; Deputy
3 Azrieli Center, The Triangular Tower, 45th President Chairman of IDB Development; Co-Chief Executive
floor, Tel-Aviv 67023, Israel Officer of Clal Industries and Investments Ltd.
Dr. Zehavit Joseph (***) Chief Financial Chief Financial Officer of IDB Holding; Executive
3 Azrieli Center, The Triangular Tower, 44th Officer Vice President and Chief Financial Officer of IDB
floor, Tel-Aviv 67023, Israel Development.
Haim Tabouch Comptroller Comptroller of IDB Holding and IDB Development.
3 Azrieli Center, The Triangular Tower, 44th
floor, Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
(**) Citizen of Slovenia.
(***) Dual citizen of Israel and U.S.A.
Page 19 of 19 pages