Alon Holdings Blue Square-Israel Announces Intention of CEO Zeev Vurembrand to Retire at End of Current Term

Alon Holdings Blue Square-Israel Announces Intention of CEO Zeev Vurembrand to
                        Retire at End of Current Term

PR Newswire

ROSH HAAYIN, Israel, November 19, 2012

ROSH HAAYIN, Israel, November 19, 2012 /PRNewswire/ --

Alon Holdings Blue Square-Israel Ltd. (NYSE: BSI) (hereinafter: "Alon
Holdings") announced today that the Company's Chief Executive Officer, Zeev
Vurembrand, has announced, as agreed, his intention to retire at the end of
his current term (5 years). 

David Wiessman, Executive Chairman of the Board of Directors and Chief
Operating Decision Maker said, "On behalf of all of us at Alon Holdings, we
would like to thank Zeev for his dedication, contribution and the achievements
he made to the company."

Mr. Vurembrand will continue as CEO (and as CEO of our subsidiary Mega Retail
Ltd.) until the end of his current term of office by the end of February 2013.


Alon Holdings Blue Square-Israel Ltd. (hereinafter: "Alon Holdings") is the
leading retail company in the State of Israel and operates in four reporting
segments: In its supermarket segment, Alon Holdings, through its 100%
subsidiary, Mega Retail Ltd., currently operates 213 supermarkets under
different formats, each offering a wide range of food products, "Near Food"
products and "Non-Food" products at varying levels of service and pricing. In
its "Non-Food" segment, Alon Holdings, through its 100% subsidiary BEE Group
Retail Ltd., operates specialist outlets in self operation and franchises and
offers a wide range of "Non-Food" products as retailer and wholesaler. In the
Commercial and Fueling Sites segment, through its [78.43]% subsidiary, which
is listed on the Tel Aviv stock exchange ("TASE"), Dor Alon Energy in Israel
(1988) Ltd is one of the four largest fuel retail companies in Israel based on
the number of petrol stations and a leader in the field of convenience stores.
Dor Alon operates a chain of 201 petrol stations and 208 convenience stores in
different formats in Israel. In its Real Estate segment, Alon Holdings,
through its TASE traded [78.22]% subsidiary Blue Square Real Estate Ltd.,
owns, leases and develops yield generating commercial properties and projects.

This press release contains forward-looking statements within the meaning of
safe harbor provisions of the U.S. Private Securities Litigation Reform Act of
1995.Forward-looking statements may include, but are not limited to, plans
or projections about our business and our future revenues, expenses and
profitability. Forward-looking statements may be, but are not necessarily,
identified by the use of forward-looking terminology such as "may,"
"anticipates," "estimates," "expects," "intends," "plans," "believes," and
words and terms of similar substance.Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause actual
events, results, performance, circumstance and achievements to be materially
different from any future events, results, performance, circumstance and
achievements expressed or implied by such forward-looking statements. These
risks, uncertaintiesand other factors include, but are not limited to, the
following: the effect of the recession in Israel on the sales in our stores
and on our profitability; our ability to compete effectively against
low-priced supermarkets and other competitors; quarterly fluctuations in our
operating results that may cause volatility of our ADS and share price; risks
associated with our dependence on a limited number of key suppliers for
products that we sell in our stores; the effect of an increase in the minimum
wage in Israel on our operating results; the effect of any actions taken by
the Israeli Antitrust Authority on our ability to execute our business
strategy and on our profitability; the effect of increases in oil, raw
material and product prices in recent years; the effects of damage to our
reputation or to the reputation of our store brands due to reports in the
media or otherwise; and other risks, uncertainties and factors disclosed in
our filings with the U.S. Securities and Exchange Commission(SEC), including,
but not limited to, risks, uncertainties and factors identified under the
heading "Risk Factors" in our annual report on Form 20-F for the year ended
December 31, 2011 and our Registration Statement on Form F-3 (File no.
333-177138) filed on May 31, 2012.You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release.Except for our ongoing obligations to disclose
material information under the applicable securities laws, we undertake no
obligation to update the forward-looking information contained in this press
release.

Contact:

Alon Holdings Blue Square-Israel Ltd.
Ortal Klein
Corporate Secretary
Telephone: +972-9-9618504
Fax: +972-9-9618636
Email: ortal.klein@alon-oil.co.il

SOURCE Alon Holdings Blue Square-Israel Ltd
 
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