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Oil Refineries Announces Modification to General Meeting Notice
HAIFA, Israel, July 6 /PRNewswire/ -- Oil Refineries Ltd. (TASE: ORL.TA) (the "Company"), Israel's
largest oil refiner, announces that, pursuant to its press release relating
to the convening of an Extraordinary General Meeting ("EGM") on August 9,
2007, Mr. Uzi Netanel is also a candidate to serve as a director of the
Company, and as such, his nomination is also brought to the approval of the
EGM. Please see following the amended first item on the agenda.
"To approve the appointment of Mr. Yossi Rosen, Mr. Avisar
Paz, Mr. Ran Croll, Ms. Nehama Ronen, Mr. Ory Slonim and Mr. Uzi Netanel, as
directors in the Company."
It is also clarified that the suggested grant mentioned in
item 3 on the EGM agenda is NIS 48,000 for each of the directors mentioned in
the announcement.
About Oil Refineries Ltd.
Oil Refineries Ltd. (ORL), located in the bay area of the city
of Haifa, is Israel's largest oil refinery. ORL operates sophisticated and
state-of-the-art industrial facilities with refining capacity of 9 million
tons of crude oil per year, with a Nelson complexity index of 7.4, providing
a variety of quality products used in industrial operation, transportation,
private consumption, agriculture and infrastructure. The company is also
active in the area of Aromatics and Polymers through wholly-owned Gadiv
Petrochemical Industries Ltd. and 50% owned Carmel Olefins Ltd. ORL is traded
on the Tel Aviv Stock Exchange under the ticker ORL. For additional
information please visit the Company's website: www.orl.co.il
Contacts
Company Contact:
Jacob Hirsh
CFO, Oil Refineries
Tel. +972-4-878-8115
jhirsh@orl.co.il
Investor Relations Contact:
Ehud Helft\Fiona Darmon
GK Investor Relations
Tel. +1-866-704-6710\+972-54-566-3221
info@gkir.com
