81AQ Hsbc Bk.23

    

Hapoalim International N.V.


RE: HALPOALIM INTERNATIONAL N.V.
    USD 390,000.00
    MATURING: 12-Feb-2011
    ISSUE DATE: 12-Feb-2004
    ISIN: XS0184981891

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
14-May-2007 TO 13-Aug-2007 HAS BEEN FIXED AT 6.060000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 13-Aug-2007 WILL AMOUNT TO
USD 15.32 PER USD 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855
FAX: 44 (0)20 7508 3866
Email: rate.fixing@citigroup.com

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