sec document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Rule 13d-101
Information to be Included in Statements Filed pursuant to Rule 13d-1(a)
and Amendments Thereto Filed Pursuant to Rule 13d-2(a)
(AMENDMENT NO. 6)
ECI TELECOM LTD.
-------------------------------------------------------------------------------
(Name of Issuer)
ORDINARY SHARES, NIS 0.12 PAR VALUE
-------------------------------------------------------------------------------
(Title of Class of Securities)
26825810
------------------------------------------------------------------------------
-
(CUSIP Number)
SHLOMO HELLER, ADV.
KOOR INDUSTRIES LTD.
3 AZRIELI CENTER, TRIANGLE TOWER
TEL AVIV 67023 ISRAEL
TEL: 972-3-6075107
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
JULY 1, 2007
-------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
|_|
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Clal Electronics Industries Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 15,218,194 shares
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,218,194 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
15,218,194 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]* +
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
+ See Item 5.
Page 2 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Clal Industries and Investments Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 15,218,194 shares
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,218,194 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
15,218,194 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]* +
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
+ See Item 5.
Page 3 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
M.A.G.M. Chemical Holdings Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 33,049,433 shares
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
33,049,433 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
33,049,433 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]* +
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
+ See Item 5.
Page 4 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Koor Industries Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 33,049,433 shares
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
33,049,433 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
33,049,433 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]* +
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
+ See Item 5.
Page 5 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
IDB Development Corporation Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 48,369,385 shares*
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
48,369,385 shares*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
48,369,385 shares*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]**
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
* Includes 1,758 Ordinary held by subsidiaries of Clal Insurance Enterprises
Holdings Ltd. ("CIEH"), a subsidiary of IDB Development Corporation Ltd., for
their own account.
** Does not include (i) 492,693 Ordinary Shares held for members of the public
through, among others, provident funds, mutual funds, pension funds, exchange
traded funds and insurance policies, which are managed by subsidiaries of CIEH,
and (ii) 26,722 Ordinary Shares which are held by unaffiliated third-party
client accounts managed by subsidiaries of CIEH as portfolio managers
(collectively, the "CIEH Shares"). The Reporting Person disclaims beneficial
ownership of the CIEH Shares.
Page 6 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Badal Securities Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 100,000 shares
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
100,000 shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
100,000 shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES *
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.08%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
Page 7 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
IDB Holding Corporation Ltd. (no U.S. I.D. number)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 48,469,385 shares*
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
48,469,385 shares*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
48,469,385 shares*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]**
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
* Includes 1,758 Ordinary held by subsidiaries of CIEH.
** Does not include the CIEH Shares. The Reporting Person disclaims beneficial
ownership of the CIEH Shares.
Page 8 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Nochi Dankner
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 48,469,385 shares*
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
48,469,385 shares*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
48,469,385 shares*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]**
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
* Includes 1,758 Ordinary held by subsidiaries of CIEH.
** Does not include the CIEH Shares. The Reporting Person disclaims beneficial
ownership of the CIEH Shares.
Page 9 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Shelly Dankner
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 48,469,385 shares*
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
48,469,385 shares*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
48,469,385 shares*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]**
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
* Includes 1,758 Ordinary held by subsidiaries of CIEH.
** Does not include the CIEH Shares. The Reporting Person disclaims beneficial
ownership of the CIEH Shares.
Page 10 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Avraham Livnat
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 48,469,385 shares*
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
48,469,385 shares*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
48,469,385 shares*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]**
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
* Includes 1,758 Ordinary held by subsidiaries of CIEH.
** Does not include the CIEH Shares. The Reporting Person disclaims beneficial
ownership of the CIEH Shares.
Page 11 of 41 pages
SCHEDULE 13D
--------------------- ---------------------
CUSIP NO. 26825810
--------------------- ---------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Ruth Manor
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) |X|
GROUP* (b) | |
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not Applicable
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) | |
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 48,469,385 shares*
REPORTING -----------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
48,469,385 shares*
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
48,469,385 shares*
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) | |
EXCLUDES CERTAIN SHARES [x]**
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
40.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
* Includes 1,758 Ordinary held by subsidiaries of CIEH.
** Does not include the CIEH Shares. The Reporting Person disclaims beneficial
ownership of the CIEH Shares.
Page 12 of 41 pages
This Amendment No. 6 amends and supplements the Statements (as amended from time
to time, the "Statements") on Schedule 13D in respect of the Ordinary Shares,
par value NIS 0.12 each ("Ordinary Shares"), of ECI Telecom Ltd. (the "Issuer"),
previously filed with the Securities and Exchange Commission ("SEC") by (i) Clal
Electronics Industries Ltd., Clal Industries and Investments Ltd., PEC Israel
Economic Corporation ("PEC"), Discount Investment Corporation Ltd. ("DIC"), IDB
Development Corporation Ltd., Badal Securities Ltd., IDB Holding Corporation
Ltd., Mr. Nochi Dankner, Mrs. Shelly Bergman, Mrs. Ruth Manor and Mr. Avraham
Livnat (the "IDB Reporting Persons"), the last amendment of which was filed with
the SEC on July 7, 2003 and (ii) M.A.G.M Chemical Holdings Ltd. and Koor
Industries Ltd. (the "Koor Reporting Persons"), the last amendment of which was
filed with the SEC on December 31, 2002.
The IDB Reporting Persons, excluding PEC and DIC (which no longer own any
Ordinary Shares), together with the IDB Reporting Persons, are referred to
herein collectively as the "Reporting Persons".
Capitalized terms used herein but not otherwise defined herein shall have the
meanings ascribed to such terms in the Statement.
The following amends and supplements Items 2, 4, 5, 6 and 7 of the Statement.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 of the Statements is hereby amended and restated in its entirety as
follows:
(a), (b) and (c): The Reporting Persons.
(1) Clal Electronics Industries Ltd. ("Clal Electronics"), an Israeli
corporation, with its principal office at the Triangular Tower, 45rd floor, 3
Azrieli Center, Tel Aviv 67023, Israel. Clal Electronics is a holding company,
the activities of which consist of establishment, acquisition and development of
companies in the high technology industry, particularly in the electronics area.
Clal Electronics owns directly Ordinary Shares.
(2) Clal Industries and Investments Ltd. ("Clal Industries"), an Israeli
public corporation, with its principal office at the Triangular Tower, 45rd
floor, 3 Azrieli Center, Tel Aviv 67023, Israel. Clal Industries is a holding
company whose principal holdings are in the industrial and technology sectors.
The outstanding shares of Clal Industries are listed for trading on the Tel Aviv
Stock Exchange. Clal Industries owns all the outstanding shares of Clal
Electronics. By reason of Clal Industries's control of Clal Electronics, Clal
Industries may be deemed beneficial owner of, and to share the power to vote and
dispose of the Ordinary Shares owned directly by Clal Electronics.
(3) M.A.G.M. Chemical Holdings Ltd. ("MAGM") an Israeli corporation, with
its principal office at the Triangular Tower, 43rd floor, 3 Azrieli Center, Tel
Aviv 67023, Israel. MAGM's principal business and purpose is to invest in
securities of publicly listed companies in Israel and abroad. MAGM owns directly
Ordinary Shares.
(4) Koor Industries Ltd. ("Koor"), an Israeli public corporation, with its
principal office at the Triangular Tower, 43rd floor, 3 Azrieli Center, Tel Aviv
67023, Israel. Koor is a multi-industry holding company engaged through its
direct and indirect wholly and partially owned subsidiaries and affiliates in
Page 13 of 41 pages
various businesses. The outstanding shares of Koor are listed for trading on the
Tel Aviv Stock Exchange. Koor owns all the outstanding shares of MAGM. By reason
of Koor's control of MAGM, Koor may be deemed beneficial owner of, and to share
the power to vote and dispose of the Ordinary Shares owned directly by MAGM.
(5) IDB Development Corporation Ltd. ("IDB Development"), an Israeli
public corporation, with its principal office at the Triangular Tower, 44th
floor, 3 Azrieli Center, Tel Aviv 67023, Israel. IDB Development, through its
subsidiaries, organizes, acquires interests in, finances and participates in the
management of companies. The outstanding shares of IDB Development are listed
for trading on the Tel Aviv Stock Exchange. DIC is a majority owned subsidiary
of IDB Development and, together with IDB Development, owns more than 50% of the
outstanding shares of Koor. IDB Development owns directly Ordinary Shares. By
reason of IDB Development's control of Clal Industries, Koor and DIC, IDB
Development may be deemed beneficial owner of, and to share the power to vote
and dispose of the Ordinary Shares owned directly by Clal Electronics and MAGM.
(6) Badal Securities Ltd. ("Badal"), an Israeli corporation, with its
principal office at the Triangular Tower, 44th floor, 3 Azrieli Center, Tel Aviv
67023, Israel. Badal engages in financing and securities transactions. Badal is
a wholly owned subsidiary of IDB Holding Corporation Ltd. ("IDB Holding"). Badal
owns directly Ordinary Shares.
(7) IDB Holding, an Israeli public corporation, with its principal office
at the Triangular Tower, 44th floor, 3 Azrieli Center, Tel Aviv 67023, Israel.
IDB Holding is a holding company that, through IDB Development, organizes,
acquires interests in, finances and participates in the management of companies.
The outstanding shares of IDB Holding are listed for trading on the Tel Aviv
Stock Exchange. IDB Development is a majority owned subsidiary of IDB Holding.
By reason of IDB Holding's control of Badal and IDB Development and (through IDB
Development) of Clal Industries, IDB Holding may be deemed beneficial owner of,
and to share the power to vote and dispose of the Ordinary Shares owned directly
by Clal Electronics, MAGM, IDB Development and Badal.
The following persons, may by reason of their interests in and
relationships among them with respect to IDB Holding be deemed to control the
corporations referred to in paragraphs (1) - (7) above:
(8) Mr. Nochi Dankner, whose address is 3 Azrieli Center, the Triangular
Tower, 44th floor, Tel-Aviv 67023, Israel. His present principal occupation is
businessman and director of companies.
(9) Mrs. Shelly Bergman, whose address is 9 Hamishmar Ha'Ezrachi Street,
Afeka, Tel-Aviv 69697, Israel. Her present principal occupation is director of
companies.
(10) Mrs. Ruth Manor, whose address is 26 Hagderot Street, Savyon 56526,
Israel. Her present principal occupation is director of companies.
(11) Mr. Avraham Livnat, whose address is Taavura Junction, Ramle 72102,
Israel. His present principal occupation is Managing Director of Taavura
Holdings Ltd., an Israeli private company.
Page 14 of 41 pages
Nochi Dankner (together with a private company controlled by him) and his
sister Shelly Bergman control Ganden Holdings Ltd. ("Ganden Holdings"), a
private Israeli company. Ganden Holdings owns, as of July 12, 2007 approximately
49.2% of the outstanding shares of IDB Holding (of which, approximately 11.5% of
the outstanding shares of IDB Holding are held directly and approximately 37.7%
of the outstanding shares of IDB Holding are held through Ganden Investments
I.D.B. Ltd. ("Ganden"), a private Israeli company, which is an indirect wholly
owned subsidiary of Ganden Holdings). In addition, Shelly Bergman holds, through
a wholly owned company, approximately 7.2% of the outstanding shares of IDB
Holding.
Nochi Dankner and Shelly Bergman entered into a memorandum of
understanding dated May 5, 2003 setting forth, among other things, agreements
between them as to how they will vote their shares of Ganden Holdings at its
shareholders' meetings, who they will appoint as directors of Ganden Holdings,
and first refusal and tag along rights available to each one of them in
connection with sales of shares of Ganden Holdings owned by the other. Nochi
Dankner is the Chairman of the Boards of Directors of IDB Holding and IDB
Development.
Ruth Manor controls Manor Holdings B.A. Ltd. ("Manor Holdings"), a private
Israeli company which owns, as of July 12, 2007, approximately 11.5% of the
outstanding shares of IDB Holding (of which, approximately 1.15% are held
directly and approximately 10.34% of the outstanding shares of IDB Holding are
held through Manor Investments - IDB Ltd. ("Manor"), a private Israeli company
which is controlled by Manor Holdings). Ruth Manor's husband, Isaac Manor, and
their son, Dori Manor, are directors of IDB Holding and IDB Development.
Avraham Livnat controls Avraham Livnat Ltd., a private Israeli company,
which owns, as of July 12, 2007, approximately 11.5% of the outstanding shares
of IDB Holding (of which, approximately 1.17% are held directly and
approximately 10.34% of the outstanding shares of IDB Holding are held through
Avraham Livnat Investments (2002) Ltd. ("Livnat"), a private Israeli company,
which is a wholly owned subsidiary of Avraham Livnat Ltd.). Zvi Livnat, a son of
Avraham Livnat, is a director of IDB Holding and IDB Development and Shay
Livnat, a son of Avraham Livnat, is a director of IDB Development.
Ganden, Manor and Livnat entered into a Shareholders Agreement dated May
19, 2003 (the "IDB Shareholders Agreement") with respect to their ownership of
shares of IDB Holding constituting in the aggregate approximately 51.7% of the
outstanding shares of IDB Holding (Ganden - 31.02%; Manor - 10.34%; Livant -
10.34%), for the purpose of maintaining and exercising control of IDB Holding as
one single group of shareholders. Any holdings of said entities in IDB Holding
in excess of said 51.7% of the issued share capital and voting rights of IDB
Holding (as well as the direct holdings of Ganden Holdings, Manor Holdings,
Avraham Livnat Ltd. and Shelly Bergman's wholly owned company in IDB Holding)
are not subject to IDB Shareholders Agreement. The IDB Shareholders Agreement
provides, among other things, that Ganden will be the manager of the group as
long as Ganden and its permitted transferees will be the largest shareholders of
IDB Holding among the parties to the IDB Shareholders Agreement; that the
parties to the IDB Shareholders Agreement will vote together at shareholders'
meetings of IDB Holding as shall be determined according to a certain mechanism
set forth therein; and that they will exercise their voting power in IDB Holding
for electing their designees as directors of IDB Holding and its direct and
indirect subsidiaries. The term of the IDB Shareholders Agreement is twenty
years from May 19, 2003.
Page 15 of 41 pages
By reason of the control of IDB Holding by Nochi Dankner, Shelly
Dankner-Bergman, Ruth Manor and Avraham Livnat, and the relations among them, as
set forth above, Nochi Dankner, Shelly Dankner, Ruth Manor and Avraham Livnat
may each be deemed beneficial owner of, and to share the power to vote and
dispose of, the Ordinary Shares owned beneficially by IDB Holding.
The name, citizenship, residence or business address and present principal
occupation of the directors and executive officers of (i) Clal Electronics, (ii)
Clal Industries, (iii) MAGM, (iv) Koor, (v) IDB Development, (vi) IDB Holding
and (vii) Badal are set forth in Exhibits 1 - 7 attached hereto, respectively,
and incorporated herein by reference.
(d) None of the Reporting Persons or, to the knowledge of the Reporting Persons,
any director or executive officer named in Exhibits 1 through 7 to this
Statement, has, during the last five years, been convicted in any criminal
proceeding, excluding traffic violations and similar misdemeanors, except as
provided below.
(e) None of the Reporting Persons or, to the knowledge of the Reporting
Persons, any director or executive officer named in Exhibits 1 through 7 to this
Statement, has, during the last five years, been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction which as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, Federal or state securities laws or finding any violation with respect to
such laws.
(f) The Reporting Persons referred to in (8) - (11) above are citizens of
Israel.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 of the Statements is hereby amended and supplemented as follows:
On July 1, 2007, Epsilon 1 Ltd., an Israeli company ("Purchaser"), Epsilon
3 Ltd., an Israeli company and an indirect wholly-owned subsidiary of Purchaser
("Epsilon 3"), and the Issuer entered into an Agreement and Plan of Merger (the
"Merger Agreement") providing for the merger of Epsilon 3 into the Issuer (the
"Merger") upon the terms and subject to the conditions therein set forth.
Pursuant to the Merger Agreement, at the closing of the Merger, all shareholders
of the Issuer, including the applicable Reporting Persons who own Ordinary
Shares directly, will be entitled to receive $10 per Ordinary Share, less
applicable withholding taxes.
In connection with the Merger, each of Clal Electronics, MAGM, IDB
Development and Badal entered into voting undertaking agreements (the "Voting
Agreements") with Purchaser with respect to the voting of an aggregate amount of
48,467,627 Ordinary Shares in favor of the Merger, subject to the terms and
conditions set forth therein.
Copies of the Merger Agreement and the Voting Agreements are included as
Exhibits 8 through 12 hereto and the description thereof contained herein is
qualified in its entirety by reference to Exhibits 8 through 12, which are
incorporated herein by reference.
Page 16 of 41 pages
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Statements is hereby amended and supplemented as follows:
The percentages of Ordinary Shares outstanding set forth below are based on
120,282,039 Ordinary Shares outstanding as of July 9, 2007.
(a), (b) As of July 1, 2007:
Clal Industries and Clal Electronics may be deemed beneficial owners of,
and to share the power to vote and dispose of the 15,218,194 Ordinary Shares
held by Clal Electronics, constituting approximately 12.7% of the outstanding
Ordinary Shares of the Issuer.
MAGM and Koor may be deemed beneficial owners of, and to share the power
to vote and dispose of 33,049,433 Ordinary Shares held by MAGM, constituting
approximately 27.5% of the outstanding Ordinary Shares of the Issuer.
As described in the Statements, Clal Electronics and Koor entered into an
agreement, dated April 8, 1998, as amended (the "Agreement") relating to the
Ordinary Shares, a copy of which was filed as Exhibit 19 to Amendment No. 5 to
the Schedule 13D previously filed by the IDB Reporting Persons with the SEC.
Each of Clal Industries and Clal Electronics, on the one hand, and MAGM and
Koor, on the other hand, disclaims the existence of a "group" within the meaning
of Section 13(d)(3) of the Exchange Act and disclaims beneficial ownership of
all of the Ordinary Shares reported by such Reporting Persons, other than those
reported hereinabove as being beneficially owned by them.
IDB Development may be deemed beneficial owner of, and to share the power
to vote and dispose of 48,369,385 Ordinary Shares, consisting of the 15,218,194
Ordinary Shares held by Clal Electronics, the 33,049,433 Ordinary Shares held by
MAGM, the 100,000 Ordinary Shares held by itself and the 1,758 Ordinary Shares
held by subsidiaries of CIEH for their own account, constituting approximately
40.2% of the outstanding Ordinary Shares of the Issuer. IDB Development
disclaims beneficial ownership of such shares, except for the 100,000 Ordinary
Shares owned by itself.
Badal is the beneficial owner and may be deemed to share with IDB Holding
the power to vote and dispose of 100,000 Ordinary Shares, constituting
approximately 0.08% of the outstanding Ordinary Shares of the Issuer.
IDB Holding and the Reporting Persons who are natural persons may be
deemed to share the power to vote and dispose of 48,469,385 Ordinary Shares,
consisting of the 48,369,385 Ordinary Shares beneficially owned by IDB
Development and the 100,000 Ordinary Shares owned by Badal, constituting
approximately 40.3% of the outstanding Ordinary Shares of the Issuer. IDB
Holding and the Reporting Persons who are natural persons disclaim beneficial
ownership of such shares, except that IDB Holding does not disclaim beneficial
ownership of the 100,000 Ordinary Shares owned by Badal.
Information provided to the Reporting Persons indicates that the executive
officers and directors of the Reporting Persons beneficially owned as of July 1,
2007 an aggregate of 1,143,198 Ordinary Shares. For details, see Exhibits 1
through 7.
Page 17 of 41 pages
(c) None of the Reporting Persons or, to the Reporting Persons' knowledge, any
of the executive officers and directors named in Exhibits 1 through 7 to this
Statement, purchased or sold any Ordinary Shares in the past sixty days.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
Item 4 above is incorporated herein by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------------------------------------------------------
Exhibit # Description
--------------------------------------------------------------------------------
Exhibits 1-7* Name, citizenship, business address, present principal
occupation and employer of executive officers and directors
of (1) Clal Industries, (2) Clal Electronics, (3) MAGM, (4)
Koor, (5) IDB Holding, (6) IDB Development and (7) Badal
--------------------------------------------------------------------------------
Exhibit 8 Agreement and Plan of Merger, dated as of July 1, 2007, by
and among the Issuer, Epsilon 2 Ltd. and Epsilon 3 Ltd.,
filed as Exhibit 99.2 to the Issuer's Current Report on Form
6-K filed with the SEC on July 2, 2007, and incorporated
herein by reference
--------------------------------------------------------------------------------
Exhibit 9 Undertaking Agreement, dated as of July 1, 2007, between
Epsilon 1 Ltd. and M.A.G.M. Chemistry Holdings Ltd., filed
as Exhibit 3 to the Schedule 13D filed by Ashmore Investment
Management Limited with the SEC on July 11, 2007, and
incorporated herein by reference
--------------------------------------------------------------------------------
Exhibit 10 Undertaking Agreement, dated as of July 1, 2007, between
Epsilon 1 Ltd. and IBD Development Corporation Ltd., filed
as Exhibit 4 to the Schedule 13D filed by Ashmore Investment
Management Limited with the SEC on July 11, 2007, and
incorporated herein by reference
--------------------------------------------------------------------------------
Exhibit 11 Undertaking Agreement, dated as of July 1, 2007, between
Epsilon 1 Ltd. and CLAL Electronics Industries LTD., filed
as Exhibit 8 to the Schedule 13D filed by Ashmore Investment
Management Limited with the SEC on July 11, 2007, and
incorporated herein by reference
--------------------------------------------------------------------------------
Exhibit 12 Undertaking Agreement, dated as of July 1, 2007, between
Epsilon 1 Ltd. and BADAL Securities Ltd., filed as Exhibit
15 to the Schedule 13D filed by Ashmore Investment
Management Limited with the SEC on July 11, 2007, and
incorporated herein by reference
--------------------------------------------------------------------------------
Exhibit 13 Joint Filing Agreement between Clal Industries and Clal
Electronic authorizing Clal Industries to file this Schedule
13D and any amendments hereto
--------------------------------------------------------------------------------
Exhibit 14 Joint Filing Agreement between Clal Industries and MAGM
authorizing Clal Industries to file this Schedule 13D and
any amendments hereto
--------------------------------------------------------------------------------
Exhibit 15 Joint Filing Agreement between Clal Industries and Koor
authorizing Clal Industries to file this Schedule 13D and
any amendments hereto
--------------------------------------------------------------------------------
Page 18 of 41 pages
Exhibit 16 Joint Filing Agreement between Clal Industries and IDB
Development authorizing Clal Industries to file this
Schedule 13D and any amendments hereto
--------------------------------------------------------------------------------
Exhibit 17 Joint Filing Agreement between Clal Industries and Badal
authorizing Clal Industries to file this Schedule 13D and
any amendments hereto
--------------------------------------------------------------------------------
Exhibit 18 Joint Filing Agreement between Clal Industries and IDB
Holding authorizing Clal Industries to file this Schedule
13D and any amendments hereto
--------------------------------------------------------------------------------
Exhibit 19 Joint Filing Agreement between Clal Industries and Mr.
Dankner authorizing Clal Industries to file this Schedule
13D and any amendments hereto
--------------------------------------------------------------------------------
Exhibit 20 Joint Filing Agreement between Clal Industries and Mrs.
Bergman authorizing Clal Industries to file this Schedule
13D and any amendments hereto
--------------------------------------------------------------------------------
Exhibit 21 Joint Filing Agreement between Clal Industries and Mrs.
Manor authorizing Clal Industries to file this Schedule 13D
and any amendments hereto
--------------------------------------------------------------------------------
Exhibit 22 Joint Filing Agreement between Clal Industries and Mr.
Livnat authorizing Clal Industries to file this Schedule 13D
and any amendments hereto
--------------------------------------------------------------------------------
* The information provided in said exhibits is true as of July 7, 2007.
Page 19 of 41 pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Dated: July 19, 2007
CLAL ELECTRONICS INDUSTRIES LTD.
CLAL INDUSTRIES AND INVESTMENTS LTD.
M.A.G.M. CHEMICAL HOLDINGS LTD. KOOR INDUSTRIES LTD. IDB
DEVELOPMENT CORPORATION LTD. BADAL SECURITIES LTD. IDB HOLDING
CORPORATION LTD.
NOCHI DANKNER
SHELLY DANKNER
AVRAHAM LIVNAT
RUTH MANOR
By: CLAL INDUSTRIES AND INVESTMENTS LTD.
By: /s/ Yehuda Ben Ezra /s/ Boaz Simons
---------------------------------------
Yehuda Ben Ezra and Boaz Simons, authorized signatories
of Clal Industries and Investments Ltd., for itself and on behalf of Clal
Electronics Industries Ltd., M.A.G.M. Chemical Holdings Ltd., Koor Industries
Ltd., IDB Development Corporation Ltd., IDB Holding Corporation Ltd., Badal
Securities Ltd., Nochi Dankner, Shelly Dankner, Avraham Livnat and Ruth Manor
pursuant to the agreements annexed as Exhibits 13 through 22 to this Schedule
13D.
Page 20 of 41 pages
Exhibit 1
Executive Officers and Directors of
Clal Industries and Investments Ltd.
Address is: 3 Azrieli Center, Triangle Tower, Tel Aviv 67023, Israel
(citizenship the same as country of residence unless otherwise noted)
Name & Business Address Position Current Principal Occupation
----------------------- -------- ----------------------------
Nochi Dankner Chairman of the Board Chairman and Chief Executive
3 Azrieli Center, the of Directors and Officer of IDB Holdings;
Triangular Tower 44th floor, Co-Chief Executive. Chairman of IDB Development,
Tel Aviv 67023, Israel Clal Industries and DIC;
Director of companies.
Avraham (Avi) Fischer Director Executive Vice President of
3 Azrieli Center, the IDB Holdings; Deputy Chairman
Triangular Tower 45th floor, of IDB Development; Co-Chief
Tel Aviv 67023, Israel Executive Officer of Clal
Industries; Chairman of Clal
Biotechnology Industries Ltd.
Refael Bisker Director Chairman of Property and
3 Azrieli Center, the Building
Triangular Tower 44th floor, Corporation Ltd., Chairman of
Tel Aviv 67023, Israel Super-Sol Ltd.
Marc Schimmel Director Director of UKI Investments
54-56 Euston St., London NW1
United.Kingdom.
Yecheskel Dovrat Director Economic consultant and
1 Nachshon St., Ramat director of companies.
Hasharon, Israel.
Eliahu Cohen Director Chief Executive Officer of IDB
3 Azrieli Center, the Development.
Triangular Tower 44th floor,
Tel Aviv 67023, Israel
Shay Livnat Director President of Zoe Holdings Ltd.
31st HaLechi St., Bnei Brak
51200, Israel
David Leviatan Director Director of Companies.
18 Mendele St., Herzeliya,
Israel
Alicia Rotbard External Director Chief Executive Officer of
6 Rosenblum St. Doors Information Systems Inc.
#6101 Sea&Sun, Tel Aviv,
Israel
Nachum Langental External Director Director of companies
3 Jabotinski St., Ramat Gan,
Israel
Page 21 of 41 pages
*Isaac Manor Director Chairman of companies in the
Director motor vehicle sector of the
26 Hagderot St., Savion David Lubinski Ltd. Group.
*Dori Manor Director Chairman of companies in the
18 Hareches St., Savion motor vehicle sector of the
David Lubinski Ltd. Group.
Adiel Rosenfeld, 42 Ha'Alon Director Representative in Israel of
St., Timrat 23840, Israel Aktiva group.
Zvi Livnat, Co- Chief Executive Co- Chief Executive of Clal
3 Azrieli Center, the Industries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Nitsa Einan, Vice President and General Counsel of Clal
3 Azrieli Center, the General Counsel. Indistries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Yehuda Ben- Ezra, Comptroller. Comptroller of Clal Industries.
3 Azrieli Center, the
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Gonen Bieber,** Vice President and Financial Manager of Clal
3 Azrieli Center, the Financial Manager. Industries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Guy Rosen, Vice President Vice President of Clal
3 Azrieli Center, the Industries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Boaz Simons, Vice President Vice President of Clal
3 Azrieli Center, the Industries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Ilan Amit, Internal Auditor Internal Auditor of Clal
3 Azrieli Center, the Industries.
Triangular Tower 44th floor,
Tel Aviv 67023, Israel
* Dual Citizen of Israel and France
** Dual Citizen of Israel and the Republic of Germany. Owns 1,000 Ordinary
Shares of the Issuser.
Page 22 of 41 pages
Exhibit 2
Executive Officers and Directors of
Clal Electronics Industries Ltd.
Address is: 3 Azrieli Center, Triangular Tower, Tel Aviv 67023, Israel
(citizenship the same as country of residence unless otherwise noted)
Name & Business Address Position Current Principal Occupation
----------------------- -------- ----------------------------
Avraham (Avi) Fischer Director Executive Vice President of
3 Azrieli Center, the IDB Holdings; Deputy Chairman
Triangular Tower 45th floor, of IDB Development; Co-Chief
Tel Aviv 67023, Israel Executive Officer of ClalIndustries;
Chairman of Clal Biotechnology
Industries Ltd.
Yehuda Ben- Ezra, Director Comptroller of Clal Industries.
3 Azrieli Center, the
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Gonen Bieber, * Director Financial Manager of Clal
3 Azrieli Center, the Industries (1)
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Guy Rosen, Director Vice President of Clal
3 Azrieli Center, the Industries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
Boaz Simons, Director Vice President of Clal
3 Azrieli Center, the Industries.
Triangular Tower 45th floor,
Tel Aviv 67023, Israel
* Mr. Bieber is a dual citizen of Israel and the Republic of Germany.
(1) Mr. Bieber owns 1,000 Ordinary Shares of the Issuser.
Page 23 of 41 pages
Exhibit 3
Executive Officers and Directors of
M.A.G.M. Chemical Holdings Ltd. Address is: 3 Azrieli
Center, Triangle Tower, Tel Aviv 67023, Israel
(citizenship the same as country of residence unless otherwise noted)
CURRENT PRINCIPAL
NAME & BUSINESS ADDRESS POSITION OCCUPATION
Shlomo Heller Chairman of General Counsel and Corporate
3 Azrieli Center, Triangle Tower, the Board of Secretary of Koor Industries Ltd.
Tel Aviv 67023, Israel Directors
Michal Dadon-Yageel Director Corporate Controller of
3 Azrieli Center, Triangle Tower, Koor Industries Ltd.
Tel Aviv 67023, Israel
Oren Hillinger Director Finance Director of Koor
3 Azrieli Center, Triangle Tower, Industries Ltd.
Tel Aviv 67023, Israel
Page 24 of 41 pages
Exhibit 4
Executive Officers and Directors of
Koor Industries Ltd.
Address is: 3 Azrieli Center, Triangle Tower, Tel Aviv 67023, Israel
(citizenship the same as country of residence unless otherwise noted)
NAME & BUSINESS ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
Jonathan Kolber(*) Chairman of Chairman of the Board of
3 Azrieli Center, Triangle Tower, the Board of Directors of Koor Industries
Tel Aviv 67023, Israel Directors Ltd
Nochi Dankner Director Chairman and Chief Executive
3 Azrieli Center, The Triangular Officer of IDB Holding;
Tower, 44th floor, Tel-Aviv 67023, Chairman of IDB Development,
Israel DIC and Clal Industries;
Directorof companies.
Avraham (Avi) Fischer Director Executive Vice President of
3 Azrieli Center, The Triangular IDB Holding; Deputy Chairman
Tower, 45th floor, Tel-Aviv 67023, of IDB Development, Co-Chief
Israel Executive Officer of Clal
Industries.
Isaac Manor (**) Director Chairman of companies in the
26 Hagderot Street, Savion 56526, motor vehicle sector of the
Israel David Lubinski Ltd. group.
Zvi Livnat Director Executive Vice President of
3 Azrieli Center, The Triangular IDB Holding; Deputy Chairman
Tower, 45th floor, Tel-Aviv 67023, of IDB Development; Co-Chief
Israel Executive Officer of Clal
Industries.
Ami Erel Director President and Chief Executive
3 Azrieli Center, The Triangular Officer of DIC; Chief
Tower, 44th floor, Tel-Aviv 67023, Executive Officer of Netvision
Israel Ltd.
Marc Schimmel Director Director of UKI Investment
17 High field Gardens, London W11
9HD, United Kingdom
Refael Bisker Director Chairman of Property and
3 Azrieli Center, The Triangular Building Corporation Ltd.
Tower, 44th floor, Tel-Aviv 67023,
Israel
Gideon Lahav Director Director of companies.
124 Ehad Ha-Am Street, Tel-Aviv
65208, Israel
Dr. Ayelet Ben-Ezer External Vice President of special projects
25 Alexander Pen, Director in the Interdisciplinary Center
Tel-Aviv 69641, Israel Herzeliya.
Page 25 of 41 pages
Shlomo Risman External Chief Executive Officer of the
8 Kaplan, Tel-Aviv 61001, Israel Director Farmers Federation of Israel.
Avraham Asheri Director Director of companies.
12 Yoshfe, Mevaseret Zion 90805,
Israel
Raanan Cohen Chief Chief Executive Officer of
3 Azrieli Center, The Triangular Executive Koor and Vice President of
Tower, 44th floor, Tel-Aviv 67023, Officer DIC.
Israel
David (Didi) Paz Executive Vice President of Koor and
3 Azrieli Center, The Triangular Vice Managing Director of Koor
Tower, 44th floor, Tel-Aviv 67023, President Corporate Venture Capital.
Israel
Shlomo Heller General General Counsel and Corporate
3 Azrieli Center, The Triangular Counsel and Secretary of Koor.
Tower, 43th floor, Tel-Aviv 67023, Corporate
Israel Secretary
Michal Dadon-Yageel Corporate Corporate Controller of Koor.
3 Azrieli Center, The Triangular Controller
Tower, 43th floor, Tel-Aviv 67023,
Israel
(*) Mr. Kolber has a beneficial interest in 1,142,198 Ordinary Shares.
(**) Dual citizen of Israel and France
Page 26 of 41 pages
Exhibit 5
Executive Officers, Directors and Persons Controlling
IDB Holding Corporation Ltd.
Address is: 3 Azrieli Center, Triangular Tower, Tel Aviv 67023, Israel
(citizenship the same as country of residence unless otherwise noted)
Name & Address Position Current Principal Occupation
-------------- -------- ----------------------------
Nochi Dankner Chairman of Chairman and Chief Executive Officer
3 Azrieli Center, The the Board of of IDB Holding; Chairman of IDB
Triangular Tower, 44th floor, Directors and Development, DIC and Clal Industries;
Tel-Aviv 67023, Israel Chief Director of companies.
Executive
Officer
Isaac Manor (*) Deputy Chairman of companies in the motor
26 Hagderot Street, Savion Chairman of vehicle sector of the David
56526, Israel the Board of Lubinski Ltd. group.
Directors
Arie Mientkavich Vice Chairman Chairman of Elron; Deputy
14 Betzalel Street, Jerusalem of the Board Chairman of Gazit-Globe Ltd.;
94591, Israel of Directors Chairman of Gazit-Globe Israel
(Development) Ltd.
Zehava Dankner Director Member of the executive committee
64 Pinkas Street, Tel Aviv of the Beautiful Israel Council.
62157, Israel
Lior Hannes Director Executive Vice President of IDB
3 Azrieli Center, The Development; Chairman of Clal
Triangular Tower, 44th floor, Tourism Ltd.
Tel-Aviv 67023, Israel
Refael Bisker Director Chairman of Property and Building
3 Azrieli Center, The Corporation Ltd.
Triangular Tower, 44th floor,
Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London
W11 9HD, United Kingdom
Shaul Ben-Zeev Director Chief Executive Officer of Avraham
Taavura Junction, Ramle 72102, Livnat Ltd.
Israel
Eliahu Cohen Director Chief Executive Officer of IDB
3 Azrieli Center, The Development.
Triangular Tower, 44th floor,
Tel-Aviv 67023, Israel
Dori Manor (*) Director Chief Executive Officer of
18 Hareches Street, Savion companies in the motor vehicle
56538, Israel sector of the David Lubinski Ltd.
group.
Page 27 of 41 pages
Meir Rosenne Director Attorney.
14 Aluf Simchoni Street,
Jerusalem 92504, Israel
Shmuel Lachman External Information technology consultant
9A Khilat Jatomir Street, Director
Tel Aviv 69405, Israel
Zvi Dvoresky External Chief Executive Officer of Beit
12 Harofeh Street, Ahuza, Director Kranot Trust Ltd.
Haifa 34366, Israel
Zvi Livnat Director and Executive Vice President of IDB
3 Azrieli Center, The Executive Holding; Deputy Chairman of IDB
Triangular Tower, 45th floor, Vice President Development; Co-Chief Executive
Tel-Aviv 67023, Israel Officer of Clal Industries.
Avraham (Avi) Fischer Executive Executive Vice President of IDB
3 Azrieli Center, The Vice President Holding; Deputy Chairman of IDB
Triangular Tower, 45th floor, Development; Co-Chief Executive
Tel-Aviv 67023, Israel Officer of Clal Industries.
Dr. Eyal Solganik Chief Chief Financial Officer of IDB
3 Azrieli Center, The Financial Holding; Executive Vice President
Triangular Tower, 44th floor, Officer and Chief Financial Officer of IDB
Tel-Aviv 67023, Israel Development.
Haim Tabouch Comptroller Comptroller of IDB Holding; Vice
3 Azrieli Center, The President and Comptroller of IDB
Triangular Tower, 44th floor, Development.
Tel-Aviv 67023, Israel
(*) Dual citizen of Israel and France.
Page 28 of 41 pages
Exhibit 6
Executive Officers and Directors of
IDB Development Corporation Ltd.
Address is: 3 Azrieli Center, Triangular Tower, Tel Aviv 67023, Israel
(citizenship is Israel, unless otherwise noted)
NAME & ADDRESS POSITION CURRENT PRINCIPAL OCCUPATION
Nochi Dankner Chairman of Chairman and Chief Executive
3 Azrieli Center, The the Board of Officer of IDB Holding; Chairman
Triangular Tower, 44th floor, Directors of IDB Development, DIC and Clal
Tel-Aviv 67023, Israel Industries; Director of companies.
Zehava Dankner Director Member of the executive committee
64 Pinkas Street, Tel Aviv of the Beautiful Israel Council.
62157, Israel
Avraham (Avi) Fischer Deputy Executive Vice President of IDB
3 Azrieli Center, The Chairman of Holding; Deputy Chairman of IDB
Triangular Tower, 45th floor, the Board of Development; Co-Chief Executive
Tel-Aviv 67023, Israel Directors Officer of Clal Industries.
Zvi Livnat Deputy Executive Vice President of IDB
3 Azrieli Center, The Chairman of Holding; Deputy Chairman of IDB
Triangular Tower, 45th floor, the Board of Development; Co-Chief Executive
Tel-Aviv 67023, Israel Directors Officer of Clal Industries.
Refael Bisker Director Chairman of Property and Building
3 Azrieli Center, The Corporation Ltd.
Triangular Tower, 44th floor,
Tel-Aviv 67023, Israel
Jacob Schimmel Director Director of UKI Investments.
17 High field Gardens, London
W11 9HD, United Kingdom
Shay Livnat Director President of Zoe Holdings Ltd.
26 Shalva Street, Herzlia
Pituach 46705, Israel
Eliahu Cohen Director and Chief Executive Officer of IDB
3 Azrieli Center, The Chief Development.
Triangular Tower 44th floor, Executive
Tel-Aviv 67023, Israel Officer
Isaac Manor (*) Director Chairman of companies in the motor
26 Hagderot Street, Savion vehicle sector of the David
56526, Israel Lubinski Ltd. group.
Dori Manor (*) Director Chief Executive Officer of
18 Hareches Street, Savion companies in the motor vehicle
56538, Israel sector of the David Lubinski Ltd.
group.
Page 29 of 41 pages
Abraham Ben Joseph Director Director of companies.
87 Haim Levanon Street,
Tel-Aviv 69345, Israel
Amos Malka External Deputy Chairman of Elul group of
18 Nahal Soreq Street, Modi'in Director companies.
71700, Israel
Dr. Yoram Margalyot External Senior lecturer (expert on tax
16 Ha'efroni Street, Raanana Director laws) at the Faculty of Law in the
43724, Israel Tel Aviv University.
Irit Izakson Director Director of companies.
15 Great Matityahou Cohen
Street, Tel-Aviv 62268, Israel
Lior Hannes Senior Senior Executive Vice President of
3 Azrieli Center, The Executive IDB Development; Chairman of Clal
Triangular Tower, 44th floor, Vice Tourism Ltd.
Tel-Aviv 67023, Israel President
Dr. Eyal Solganik Executive Executive Vice President and Chief
3 Azrieli Center, The Vice Financial Officer of IDB
Triangular Tower, 44th floor, President and Development; Chief Financial Officer
Tel-Aviv 67023, Israel Chief of IDB Holding.
Financial
Officer
Ari Raved Vice President Vice President of IDB Development.
3 Azrieli Center, The
Triangular Tower, 44th floor,
Tel-Aviv 67023, Israel
Haim Gavrieli Executive Executive Vice President of IDB
3 Azrieli Center, The Vice President Development.
Triangular Tower, 44th floor,
Tel-Aviv 67023, Israel
Haim Tabouch Vice Vice President and Comptroller of
3 Azrieli Center, The President and IDB Development; Comptroller of
Triangular Tower, 44th floor, Comptroller IDB Holding.
Tel-Aviv 67023, Israel
Inbal Tzion Vice Vice President and Corporate
3 Azrieli Center, The President and Secretary of IDB Development;
Triangular Tower, 44th floor, Corporate Corporate Secretary of IDB Holding.
Tel-Aviv 67023, Israel Secretary
(*) Dual citizen of Israel and France.
Page 30 of 41 pages
Exhibit 7
Executive Officers and Directors of
Badal Securities Ltd.
Address is: 3 Azrieli Center, Triangular Tower, Tel Aviv 67023, Israel
(citizenship is Israel, unless otherwise noted)
Name & Address Position Current Principal Occupation
-------------- -------- ----------------------------
Haim Tabouch Director Vice President and Comptroller of
3 Azrieli Center, The IDB Development; Comptroller of
Triangular Tower, 44th floor, IDB Holding.
Tel-Aviv 67023, Israel
Page 31 of 41 pages
Exhibit 13
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Clal Electronics Industries Ltd.
--------------------------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 32 of 41 pages
Exhibit 14
Joint Filing Agreement
July 18, 2007
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) M.A.G.M. Chemical Holdings Ltd.
-------------------------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 33 of 41 pages
Exhibit 15
Joint Filing Agreement
July 18, 2007
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Koor Industries Ltd.
--------------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 34 of 41 pages
Exhibit 16
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) IDB Development Corporation Ltd.
--------------------------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 35 of 41 pages
Exhibit 17
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Badal Securities Ltd.
----------------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 36 of 41 pages
Exhibit 18
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) IDB Holding Corporation Ltd.
-----------------------------
Agreed: (Signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 37 of 41 pages
Exhibit 19
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Nochi Dankner
-------------
AgreEd: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 38 of 41 pages
Exhibit 20
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Shelly Bergman
---------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 39 of 41 pages
Exhibit 21
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Ruth Manor
-----------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 40 of 41 pages
Exhibit 22
Joint Filing Agreement
June 19, 2006
Clal Industries and Investments Ltd.
3 Azrieli Center,
Triangle Building,
Tel Aviv, Israel
Gentlemen:
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agrees that Clal
Industries and Investments Ltd. ("CII") may file as necessary on behalf of the
undersigned with the Securities and Exchange Commission a Schedule 13D or
Schedule 13G and any amendments thereto in respect of shares of ECI Telecom Ltd.
purchased, owned or sold from time to time by the undersigned.
CII is hereby authorized to file a copy of this letter as an exhibit to
said Schedule 13D or Schedule 13G or any amendments thereto.
Very truly yours,
(signed) Avraham Livnat
--------------
Agreed: (signed) Clal Industries and Investments Ltd.
--------------------------------------------
Page 41 of 41 pages