The Resolution by the Board of Directors dated 20th August 2007 20/8/2007    The Company is honored to announce that the Board of Directors of the Company yesterday decided on the establishment of a Balance Committee. The members of the Committee will be: Ms. Zipi Gal - Yam, an external Director of the Company, Mr. Avraham B. Shochat, an external Director of the Company, and Mr. Ariel Landau - a Director of the Company. The Balance Committee will function as higher control of the Company in all matters connected with the Financial Statements and in general, overseeing the Balance Committee in matters pertaining to the Annual Financial Statements and the Interim Financial Statements of the Company, prior to presenting the reports for consideration and approval by the Board of Directors of the Company.