UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 5)
KOOR INDUSTRIES LTD.
(Name of Issuer)
ORDINARY SHARES, PAR VALUE NIS 0.001
(Title of Class of Securities)
500507108(1)
(CUSIP Number)
DISCOUNT INVESTMENT CORPORATION LTD.
THE TRIANGULAR TOWER, 44TH FLOOR
3 AZRIELI CENTER, TEL AVIV 67023
ISRAEL
ATTN: KURT KEREN, ADV.
TELEPHONE #: +972-3-607-5888
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
DECEMBER 28, 2006
(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box: [_]
* 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 (the "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).
----------
(1) The CUSIP Number corresponds to the Issuer's American Depository Shares
(individually, an "ADS"), which are publicly traded on the New York Stock
Exchange. Each ADS represents 0.20 Ordinary Share. The ISIN for the Issuer's
Ordinary Shares, which are traded on the Tel Aviv Stock Exchange, is
IL006490127.
Page 1 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Discount Investment Corporation Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5) CHECK BOX 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 6,992,270
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
6,992,270
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,992,270
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.2%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
Page 2 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IDB Development Corporation Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX 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 8,630,459 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
8,630,459 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,630,459 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
* Includes (i) 6,992,270 Ordinary Shares held by DIC and (ii) 7,975 Ordinary
Shares held by subsidiaries of Clal Insurance Enterprises Holdings Ltd.
("CIEH"), a subsidiary of IDB Development, for their own account. Does not
include (i) 483,622 Ordinary Shares and options to purchase 126,616 Ordinary
Shares, which are exercisable within 60 days from January 2, 2007, all of which
are held for members of the public through, among others, provident funds,
mutual funds, pension funds, exchange traded funds and insurance policies, which
are managed by subsidiaries of CIEH and (ii) 726 Ordinary Shares which are held
by unaffiliated third-party client accounts managed by subsidiaries of CIEH as
portfolio managers (collectively, the "CIEH Shares"). See also Item 5.
^ Excludes the CIEH Shares.
Page 3 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
IDB Holding Corporation Ltd.
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX 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 8,630,459 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
8,630,459 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,630,459 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
----------
* Includes (i) 6,992,270 Ordinary Shares held by DIC, (ii) 1,630,214 Ordinary
Shares held by IDB Development and (iii) 7,975 Ordinary Shares held by
subsidiaries of CIEH for their own account. Does not include the CIEH Shares.
See also Item 5.
^ Excludes the CIEH Shares.
Page 4 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nochi Dankner
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX 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 8,630,459 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
8,630,459 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,630,459 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 6,992,270 Ordinary Shares held by DIC, (ii) 1,630,214 Ordinary
Shares held by IDB Development and (iii) 7,975 Ordinary Shares held by
subsidiaries of CIEH for their own account. Does not include the CIEH Shares.
See also Item 5.
^ Excludes the CIEH Shares.
Page 5 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shelly Bergman
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX 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 8,630,459 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
8,630,459 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,630,459 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 6,992,270 Ordinary Shares held by DIC, (ii) 1,630,214 Ordinary
Shares held by IDB Development and (iii) 7,975 Ordinary Shares held by
subsidiaries of CIEH for their own account. Does not include the CIEH Shares.
See also Item 5.
^ Excludes the CIEH Shares.
Page 6 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ruth Manor
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX 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 8,630,459 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
8,630,459 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,630,459 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 6,992,270 Ordinary Shares held by DIC, (ii) 1,630,214 Ordinary
Shares held by IDB Development and (iii) 7,975 Ordinary Shares held by
subsidiaries of CIEH for their own account. Does not include the CIEH Shares.
See also Item 5.
^ Excludes the CIEH Shares.
Page 7 of 14 pages
SCHEDULE 13D
CUSIP NO. 500507108
--------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Avraham Livnat
--------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
--------------------------------------------------------------------------------
3) SEC USE ONLY
--------------------------------------------------------------------------------
4) SOURCE OF FUNDS
Not applicable
--------------------------------------------------------------------------------
5) CHECK BOX 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 8,630,459 *
OWNED BY --------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING 0
PERSON WITH --------------------------------------------------------
10) SHARED DISPOSITIVE POWER
8,630,459 *
--------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,630,459 *
--------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[X] ^
--------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
52%
--------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
----------
* Includes (i) 6,992,270 Ordinary Shares held by DIC, (ii) 1,630,214 Ordinary
Shares held by IDB Development and (iii) 7,975 Ordinary Shares held by
subsidiaries of CIEH for their own account. Does not include the CIEH Shares.
See also Item 5.
^ Excludes the CIEH Shares.
Page 8 of 14 pages
This amendment No. 5 amends and supplements the Statement on Schedule 13D
in respect of the Ordinary Shares, par value NIS 0.001 each ("Ordinary Shares"),
of Koor Industries Ltd. (the "Issuer"), initially filed by IDB Development
Corporation Ltd., IDB Holding Corporation Ltd., Mr. Nochi Dankner, Mrs. Shelly
Bergman, Mrs. Ruth Manor and Mr. Avraham Livnat (collectively, the "Initial
Reporting Persons"), with the Securities and Exchange Commission on June 6, 2005
(as amended from time to time, the "Statement"). The Initial Reporting Persons
together with Discount Investment Corporation Ltd. ("DIC") are hereinafter
referred to as the "Reporting Persons."
Capitalized terms used herein but not otherwise defined herein shall have
the meanings ascribed to such terms in the Statement.
The following amends and supplements Items 2, 3, 4, 5 and 7 of the
Statement.
ITEM 2. IDENTITY AND BACKGROUND
(a) - (c)
As of January 2, 2007:
IDB Development owned approximately 74.8% of the outstanding shares of DIC.
IDB Holding owned approximately 72.4% 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 6.7% of the outstanding
shares of IDB Holding, and Ganden Holdings itself owned directly approximately
7.2% of the outstanding shares of IDB Holding. These additional shares of IDB
Holding are not subject to the Shareholders Agreement. Substantially all of
these additional shares of IDB Holding owned by Ganden and Ganden Holdings were
acquired with borrowed funds and are subject to the rights of each respective
shareholder's lending institution in the event of default.
Nochi Dankner (together with a private company controlled by him) and
Shelly Bergman owned approximately 55.5% and 12.6%, respectively, of the
outstanding shares of Ganden Holdings Ltd.
The name, citizenship, residence or business address and present principal
occupation of the directors and executive officers of DIC, IDB Development and
IDB Holding are the same as set forth in Schedules A, B and C, respectively,
attached to amendment No. 4 of the Statement and incorporated herein by
reference, except that Mr. Lior Hannes ceased to be a director of DIC and the
position and present principal occupation of Mr. Haim Gavrieli in IDB
Development changed to an Executive Vice President.
(d) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer of DIC, IDB Development and IDB
Holding referred to above, has, during the last five years, been convicted in
any criminal proceeding, excluding traffic violations and similar misdemeanors.
(e) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer of DIC, IDB Development and IDB
Holding referred to above, 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 November 6, 2006 through January 2, 2007 DIC purchased an aggregate of
1,021,237 Ordinary Shares for a total purchase price of NIS 235,806,912
(approximately $56,051,084) and additional $27,052,382.50, all in cash, using
its own funds to pay such total purchase price.
ITEM 4. PURPOSE OF TRANSACTION.
The Ordinary Shares referred to above were purchased for investment purposes. Of
these Ordinary Shares, 672,174 Ordinary Shares were purchased by DIC from
Anfield pursuant to Anfield's put option described in Item 4 of amendment No. 2
of the Statement, and 347,063 Ordinary Shares were purchased by DIC pursuant to
the Management Option described in Item 4 of amendment No. 1 of the Statement.
Page 9 of 14 pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a), (b) Percentages are based on 16,582,869 Ordinary Shares outstanding as
of January 2, 2007 (including 15,799 Ordinary Shares owned by a wholly owned
subsidiary of the Issuer), as the Issuer advised the Reporting Persons.
As of January 2, 2007:
DIC directly owns 6,992,270 Ordinary Shares, and may be deemed to share the
power to vote and dispose of these Ordinary Shares, constituting approximately
42.2% of the Ordinary Shares outstanding. These Ordinary Shares do not include
the remainder of up to 4,033 Ordinary Shares which DIC may be required to
purchase pursuant to the Management Option described in Item 4 of amendment No.
1 of the Statement.
IDB Development directly owns 1,630,214 Ordinary Shares, and may be deemed
to share the power to vote and dispose of these Ordinary Shares, constituting
approximately 9.8% of the Ordinary Shares outstanding. IDB Development may also
be deemed to be the beneficial owner, and to share the power to vote and
dispose, of the 6,992,270 Ordinary Shares owned by DIC, and the 7,975 Ordinary
Shares held by subsidiaries of CIEH for their own account. As a result, IDB
Development may be deemed to be the beneficial owner, and to share the power to
vote and dispose, of a total of 8,630,459 Ordinary Shares, constituting
approximately 52% of the Ordinary Shares outstanding.
IDB Holding and the Reporting Persons who are natural persons may be deemed
to share the power to vote and dispose of the aggregate of 8,630,459 Ordinary
Shares beneficially owned by DIC and IDB Development, constituting approximately
52% of the Ordinary Shares outstanding.
Information provided to the Reporting Persons indicates that the executive
officers and directors of DIC, IDB Development and IDB Holding did not
beneficially own as of January 2, 2007 any Ordinary Shares.
(c) On November 6, 2006 DIC purchased 2,000 Ordinary Shares at a price of
$77.50 per share in a privately negotiated transaction. On December 28, 2006 DIC
purchased 672,174 Ordinary Shares at a price of approximately NIS 350.81
(approximately $83.39) per share pursuant to Anfield's put option and 332,279
Ordinary Shares at a price of $77.50 per share pursuant to the Management
Option. On January 2, 2007 DIC purchased 14,784 Ordinary Shares at a price of
$77.50 per share pursuant to the Management Option.
Schedule 1 attached hereto and incorporated herein by reference sets forth
the purchases and sales of Ordinary Shares made on the Tel Aviv Stock Exchange
during the last 60 days preceding January 2, 2007 by subsidiaries of CIEH for
their own account.
Except as stated above, the Reporting Persons have not purchased or sold
any Ordinary Shares during the last 60 days preceding January 2, 2007.
Information provided to the Reporting Persons indicates that none of the
executive officers and directors of DIC, IDB Development and IDB Holding
purchased or sold any Ordinary Shares, during the last 60 days preceding January
2, 2007.
Schedule 1: The purchases and sales of Ordinary Shares made on the Tel Aviv
Stock Exchange during the last 60 days preceding January 2, 2007
by subsidiaries of CIEH for their own account.
Page 10 of 14 pages
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
amendment No. 5 is true, complete and correct.
Dated: January 7, 2007
DISCOUNT INVESTMENT CORPORATION LTD.
IDB DEVELOPMENT CORPORATION LTD.
IDB HOLDING CORPORATION LTD.
NOCHI DANKNER
SHELLY BERGMAN
RUTH MANOR
AVRAHAM LIVNAT
By: Discount Investment Corporation Ltd.
(signed)
By: _______________________________
Michel Dahan and Kurt Keren, authorized signatories of
Discount Investment Corporation Ltd., for itself and on
behalf of IDB Development Corporation Ltd., IDB Holding
Corporation Ltd., Nochi Dankner, Shelly Bergman, Ruth Manor
and Avraham Livnat pursuant to agreements annexed as
Exhibits 4 through 9 to amendment No. 2 of the Statement.
Page 11 of 14 pages
Schedule 1
The purchases and sales of Ordinary Shares made on the Tel Aviv Stock
Exchange during the last 60 days preceding January 2, 2007 by subsidiaries of
CIEH for their own account
DATE OF NUMBER OF ORDINARY NUMBER OF ORDINARY PRICE PER
TRANSACTION SHARES PURCHASED SHARES SOLD SHARE
----------- ---------------- ----------- -----
November 5, 2006 58 NIS 211.40
140 211.50
November 6, 2006 (53) 208.80
(29) 209.40
(29) 211.40
(58) 211.60
(29) 211.70
November 7, 2006 58 207.90
November 8, 2006 1 205.90
72 206.60
34 207.20
121 207.40
68 207.50
(29) 205.60
(29) 205.90
(29) 206.40
November 9, 2006 (34) 204.60
(40) 204.70
(68) 205.40
(29) 205.50
(34) 205.60
(58) 205.80
November 12, 2006 45 200.20
13 200.40
42 200.70
42 201.30
42 201.50
42 202.00
58 200.50
19 200.80
10 200.90
53 201.70
34 201.80
79 201.90
8 202.00
November 13, 2006 46 200.90
92 202.50
58 201.10
29 201.20
28 202.30
28 202.60
28 202.70
(100) 202.50
November 14, 2006 (35) 198.60
(102) 202.00
(63) 202.10
(29) 199.60
(49) 201.30
(9) 201.60
November 15, 2006 45 202.50
35 203.30
10 203.40
28 201.50
56 201.60
28 201.70
November 16, 2006 83 206.50
(28) 201.60
(56) 201.90
Page 12 of 14 pages
November 19, 2006 43 207.40
(27) 206.70
(7) 210.00
November 20, 2006 43 207.80
43 208.00
113 208.30
86 208.40
43 208.50
42 209.00
42 209.40
42 209.50
(3) 207.40
27 208.20
November 21, 2006 33 211.90
9 212.00
November 23, 2006 27 219.80
53 221.00
27 221.20
37 221.30
54 221.40
79 221.50
26 221.70
26 221.90
76 222.00
53 222.90
(3) 223.00
November 26, 2006 43 218.80
43 220.20
November 27, 2006 67 220.90
70 221.60
43 221.70
43 221.80
5 222.00
27 222.30
27 222.70
27 223.00
27 223.30
27 223.40
November 28, 2006 54 223.00
54 223.70
(9) 219.50
27 221.50
54 221.70
19 222.10
27 222.30
8 222.50
26 222.70
26 222.80
26 223.20
26 223.30
52 223.40
19 223.90
72 224.10
7 224.40
6 224.50
26 225.00
November 29, 2006 54 224.30
81 225.40
43 225.60
27 224.60
41 224.70
40 224.80
27 224.90
50 225.00
31 225.10
26 225.50
28 225.70
105 226.50
3 226.60
27 227.50
Page 13 of 14 pages
November 30, 2006 43 226.50
(15) 220.60
13 230.00
December 3, 2006 43 218.10
43 218.30
43 219.10
16 219.40
70 219.50
(54) 219.10
December 4, 2006 43 218.70
December 5, 2006 43 219.50
86 219.60
(43) 219.20
(86) 219.30
(54) 218.60
(54) 219.50
7 218.10
December 6, 2006 43 216.10
16 218.10
27 218.40
(27) 214.90
December 7, 2006 43 220.30
December 10, 2006 43 218.50
43 219.20
December 11, 2006 43 220.80
108 220.50
December 12, 2006 43 214.40
27 215.00
54 215.60
December 13, 2006 43 212.50
43 213.60
43 213.70
54 213.20
December 17, 2006 43 216.40
43 216.50
54 216.30
December 18, 2006 (54) 214.70
December 19, 2006 86 212.80
43 213.00
31 213.70
23 213.90
December 20, 2006 32 219.90
41 221.00
41 221.40
52 221.50
(53) 218.60
December 24, 2006 86 221.60
43 221.70
43 222.10
43 222.30
December 25, 2006 23 220.00
4 220.90
27 222.50
December 28, 2006 3,074 224.00
Page 14 of 14 pages