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Electra Consumer Products (1970) Ltd

Electra Consumer Products (1970) Ltd. (hereinafter: the “Company”) declares that on January 20, 2014, the Company’s board of directors adopted a resolution to distribute cash dividends in a total amount of NIS 40 million to the Company’s shareholders.  Following this resolution, the board resolved to decrease the designated amount intended for a share repurchase tender  offer, from NIS 150 million to NIS 110 million.
It shall be emphasized that regulatory authorizations for the execution of the said share repurchase tender offer have not yet been received and that, accordingly, the Company has not made a decision on the execution of such stock repurchase.