Optibase Ltd. Announces Receipt of Swiss Withholding Tax Claim by Its Swiss Subsidiary Eldista GmbH

  Optibase Ltd. Announces Receipt of Swiss Withholding Tax Claim by Its Swiss
  Subsidiary Eldista GmbH

Business Wire

HERZLIYA, Israel -- September 18, 2013

Optibase Ltd. (NASDAQ: OBAS) today announced that it had recently received a
notification from the Swiss Tax Authority of the assessment of a withholding
tax obligation to its Swiss subsidiary Eldista GmbH in the amount of CHF 2.8
million Swiss Francs (approximately $3 million Dollars) including interest and
penalties accruing from January 2011. Optibase owns an indirect, fifty-one
percent (51%) ownership interest in Eldista GmbH which is held directly by
Optibase's Luxembourg subsidiary, OPCTN, S.A.

Optibase is investigating the Swiss Tax Authority's basis for assessing the
withholding tax obligation and intends to dispute any such tax obligation. In
light of the early stage of the process, Optibase is currently unable to
assess the final outcome of this withholding tax claim.

About Optibase

Optibase invests in the fixed-income real estate field and currently holds
properties in the United States and Switzerland while continuously looking for
additional real estate investment opportunities. Optibase was previously
engaged in the field of digital video technologies until the sale of its video
solutions business to Optibase Technologies Ltd., a wholly owned subsidiary of
VITEC Multimedia ("Vitec") in July 2010. For further information, please visit

This press release contains forward-looking statements with respect to the
received withholding tax claim. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. All forward-looking statements in this press release are made
based on management's current expectations which involve risks, uncertainties
and other factors that could cause results to differ materially from those
expressed in forward-looking statements. For a more detailed discussion of
these and other risks that may cause actual results to differ from the
forward-looking statements in this news release, please refer to Optibase's
most recent annual report on Form 20-F. The Company does not undertake any
obligation to update forward-looking statements made herein.


Media Contacts:
Optibase Ltd.
Amir Philips, CEO
Investor Relations Contact:
Marybeth Csaby, for Optibase
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