BSD Crown Ltd. (LSE: BSD)

                                (the 'Company')

              Termination of CEO's management services agreement

                                              Ramat Gan, Israel, 25 August 2016

Further to the Company's announcement of 15 July 2016 regarding Israel Yosef
Schneorson's decision to step down from his post as CEO with effect from 31
October 2016, the Company hereby announces that the Board of Directors notified
Mr. Schneorson, on 24 August 2016, that his management services agreement with
the Company is terminated with immediate effect in light of the latest events
as the Company published in the last months. Consequently he will cease to act
as the Company CEO from that date.  On the basis of legal advice from the
Company's Israeli lawyers, no further details can be given at this stage.

The Board will make an announcement about a replacement in due course.

Enquiries:

Gregory Gurtovoy, Chairman of the Board: office@bsd-c.com

B.S.D Crown Ltd. published this content on 25 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2016 06:09:09 UTC.

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