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Electra Real Estate announces decisions on a PP of the Company's shares

Electra Real Estate Ltd. ("The Company") announces hereby, that the Company's Audit Committee and its Board of Directors reached decisions on a Private Placement (PP) of the Company's shares in an amount up to NIS 100 million. The PP will be madeto classified investors; private entities (the number of which will not exceed 35) and Elco Holding Ltd., which is the controlling shareholder of the Company, at a price per share to be determined in a bid process. The PPwill be brought before the Company’s General Assembley for the approval of its shareholders,