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Electra Real Estate

Pursuant to the Company's Immediate Report from 22 October 2014 (Reference No. 2014-01-178812), and pursuant to the specified in Note 6a(3) of the Company's consolidated financial statements for 30 September 2014 regarding the sale of the Company's asset in Montreal Canada, the Company announces that a third party with whom it signed a sales agreement announced that it has no intention of completing the transaction.