Immediate report - 9 August 2020

09 Aug, 2020

the Company is reporting, respectfully, that the Company's CEO, Mr. Avshalom Mousler, will conclude his period of employment in the Company on August 31, 2020, however he will continue to accompany the Company, to hand over his position and to make his services available to the Company until the end of 2020, insofar as this may be necessary.

Ramat Gan, August 9, 2020


For the attention of                                                                          For the attention of
The Securities Authority                                                                   The Tel-Aviv Stock Exchange
www.isa.gov.il                                                                                  www.tase.co.ill

Immediate report


Further to the Company's Immediate Report of July 5, 2020 (Document No. 2020-02-071364), the Company is reporting, respectfully, that the Company's CEO, Mr. Avshalom Mousler, will conclude his period of employment in the Company on August 31, 2020, however he will continue to accompany the Company, to hand over his position and to make his services available to the Company until the end of 2020, insofar as this may be necessary.


The Chairman of the Board of Directors, Mr. Nathan Hetz and the Company's Board of Directors thank Mr. Mousler for his work over many years in the Company, which under his leadership has become one of the leading income-generating real estate companies in Israel and they wish him success in the future.


On August 9, 2020, the Company's Board of Directors approved, unanimously, the appointment of Mr. Shimon Abudraham as the Company's CEO, with effect as from September 1, 2020.


Mr. Abudraham has been an employee of the Company for more than 12 years. Since January 2008 he has served as the Company's VP For Engineering and since January 2016 he has served as CEO of the subsidiary company Amot Real Estate Enterprise and Development Ltd., which coordinates the management of the development and construction activities of the Company.
The new CEO's terms of employment will be determined at a later date.
At Mr. Abudraham's recommendation, Ms. Judith Zynger will be appointed to the position of the Company's Deputy CEO, which is in addition to her position as the Company's Chief Financial Officer, which she has served in for more than 14 years.

Yours sincerely,
Amot Investments Ltd.


Signed by Osnat Hochman-Gerhard

 Legal Counsel