Harel Mallac & Co. Ltd. announced that as part of the Restructuring, the Company will incorporate a new wholly-owned subsidiary, Cavell Touristic Investments Ltd; transfer its investments in Hospitality Shares to the New Subsidiary through an intra-group transfer; cause the ordinary shares of the New Subsidiary to be listed on the Development & Enterprise Market (the "DEM") of the Stock Exchange of Mauritius (the "SEM"), and distribute the ordinary shares of the New Subsidiary to its shareholders in the ratio of one ordinary share of the New Subsidiary for every share held in the Company. The distribution will relate to the 11,259,388 shares constituting 100% of the share capital of the New Subsidiary (the "Distribution").