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Electra Real Estate

Pursuant to the Company's immediate report dated 1.2.2015 (Reference No 2015-01-021916), the Company is hereby announcing the completion of the sale of all of its rights and liabilities (25%) with regards to the Property and that all of the preconditions have been met. Free cash flow, less the costs involved in implementation of the sales transaction, that resulted from and was received by the Company as a result of the sale of the Property amounts to NIS 104 million.