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[Type text] January 2016 0 Fast Facts Market capitalization (Excluding ETNs): Equities:US$234 billion; Bonds:US$209 billion Daily Turnover Y-T-D : Equities (Including ETNs): US$368 million; Government Bonds:US$936 million Corporate Bonds(Including ETNs): US$314 million Treasury Bills: US$159 million TA-25 Index Options: 241 thousand of contracts 459 equity companies 59 companies cross-listed abroad 636 Exchange Traded Notes (ETN's) 33 series of government bonds 601 series of corporate bonds 61 series of Institutional bonds 1,408 mutual funds For TASE Monthly Main Indicators Equity Market Prices and Turnover* (US Dollar 2005-1/2016) * Including off-the-floor transactions TA-25 Index Daily Volume 2,000 600 500 400 300 200 100 0 1,500 1,000 500 0 05 06 07 08 09 10 11 12 13 14 15 16 Daily Trading Volume (US $ millions) TA-25 Index TA-25 and International Equity Indices (USD 2009-1/2016) 300% 250% 200% 150% 100% 50% 0% Bond issues by the Corporate Sector (Billions US Dollars 2005-1/2016) Israel Key Macroeconomic indicators GDP per capita: 014 - US$ 37,270 ; 2015 - US$ 35,230 GDP growth: 2014 – 2.6%, 2015 Est. – 2.3% Inflation: 2014 – (0.2%), 2015– (1.0%) Bank of Israel interest rate: Feb. 2016 - 0.1% Surplus in balance of payments Budget deficit: 2014: 2.8% of GDP, 2015 2.2% of GDP 24 20 16 12 8 4 0 05 06 07 08 09 10 11 12 13 14 15 16 Bonds Market – Daily Turnover* (Millions US Dollars 2005-1/2016) * Including off-the-floor transactions 1500 1000 500 0 05 06 07 08 09 10 11 12 13 14 15 16 [Type text] January 2016 Tel Aviv Stock Exchange Established in September 1953, the Tel Aviv Stock Exchange (TASE) is an efficient one-stop shop for the securities industry, hosting an increasingly sophisticated range of products available to investors, including shares, corporate bonds, treasury bills and bonds, index-tracking products and derivatives. TASE is a fully-automated exchange with a central order book trading system, providing clearing, settlement and depository services NEWS BlackRock’s iShares launches the world's first traded fund for investing in Israel BlackRock has launched an exchange traded fund for European investors to invest directly in the national Israeli index. It is the first fund to offer direct exposure to the underlying constituents of this index. The iShares TA-25 Israel UCITS ETF (TASE) is the first physically-replicating ETF in the world to access the 25 largest companies listed on the Tel Aviv Stock Exchange. The underlying index of the fund, TA-25, places an upper limit on the size of its constituents so that no single company accounts for more than 10% of the total index For more information All New Index Methodology is Underway The all new index methodology measures will improve its stability and reduce concentration. Stringent criteria will apply to flagship indices. Indices to include only Israeli Oriented companies In the last six months the Tel Aviv Stock Exchange introduced an all new index methodology principles of equity indices and held an intensive dialogue with a wide range of capital market activists. Exchange staff held discussions in small groups with over 100 representative from over 40 organizations to formulate a common and practicable all new index methodology measures. For more information . [Type text] January 2016 Membership Dual Listing Globalization For further information, you are welcome to visit our website at: The TASE is owned by its members, which comprise the Bank of Israel (Israel’s central bank), 15 banks and 10 investment houses. The banks are supervised by the Bank of Israel and the investment houses by the TASE. The TASE permits international banks and investment houses that have no permanent representation in Israel to become ‘remote members’. For the TASE Members' list. Companies traded in the USA and on the London Stock Exchange (Main Market) can dual-list their shares on the TASE. Dual-listing, which does not entail significant costs, imposes no additional regulatory burden and offers continuous trading from 09:45 to 23:00 (Israeli time), for companies listed in the USA. There are currently 55 companies dually-listed on TASE, as well as 4 companies which are cross-listed on other foreign securities exchanges. For more information about Dual Listing on TASE. Israel is classified as a "developed market" by MSCI, FTSE and S&P and is included in the following international indices: MSCI World, MSCI KOKUSAI, MSCI Europe & Middle East, MSCI EAFE, MSCI EASE, the FTSE All World, FTSE Med-100 indices, and S&P Developed BMI. Trading on TASE is conducted through its members, which include Israeli and international banks and investment houses. www.tase.co.il or contact the TASE Marketing and Communications Unit at (972)76-8160405/6