Ellomay Capital Completes Early Classified Investors Bidding with Respect to a Public Offering of Debentures in Israel

Ellomay Capital Completes Early Classified Investors Bidding with Respect to a
                   Public Offering of Debentures in Israel

PR Newswire

TEL AVIV, Israel, January 9, 2014

TEL AVIV, Israel, January 9, 2014 /PRNewswire/ --

Ellomay Capital Ltd. (NYSEMKT: ELLO; TASE: ELOM) ("Ellomay"or
the"Company"), announced today that further to its announcement on December
31, 2013 of the publication of a final prospectus (the "Prospectus") for the
offering (the "Offering") of Series A Debentures (the "Debentures"), the
Company completed an institutional and classified investors bidding (the
"Classified Bidding").

At the Classified Bidding, the Company received early commitments to order
284,296 units of the Debentures (each in the principal amount of NIS 1,000,
the "Unit") of which the Company accepted commitments to purchase 96,000 Units
at a price per Unit of NIS 971 for a total consideration of approximately NIS
93.2 million (approximately $26.6 million). The institutional and classified
investors will receive a 0.5% discount for their early commitment, calculated
based on the minimum price per Unit in the public tender.

The Classified Bidding constitutes early commitments by the institutional and
other classified investors with respect to their offer in the public tender.
Unless and until the public tender will be completed and the Company receives
the approval for listing of the Debentures on the Tel Aviv Stock Exchange, the
offers by the institutional and other classified investors will not be
accepted by the Company.

The date of the public tender, including the final structure of the Offering,
will be published in Israel by the Company in a Complementary Notice in
Hebrew.

The public offering described in this press release will be made in Israel
only and not to U.S. persons. The Debentures will not be registered under the
U.S. Securities Act of 1933, as amended, and will not be offered or sold in
the United States without registration or applicable exemption from the
registration requirements according to the U.S. Securities Act of 1933. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy any debentures.

About Ellomay Capital

Ellomay is an Israeli public company whose shares are listed on the NYSE MKT
stock exchange and on the Tel Aviv Stock Exchange, which focuses its business
in the energy and infrastructure sectors worldwide and is chaired by Mr.
Shlomo Nehama, former Chairman of Bank Hapoalim, and controlled by Mr. Nehama
and Kanir Joint Investments (2005) Limited Partnership, which is controlled by
Mr. Ran Fridrich and Mr. Hemi Raphael.

Ellomay's main assets include twelve photovoltaic plants in Italy with an
aggregate nominal capacity of approximately 22.6 MWp (six in the Puglia
Region, four in the Marche Region and two in the Veneto Region), 85% ownership
of a photovoltaic plant in Spain with a capacity of approximately 2.3 MWp, and
7.5% indirect holdings in Dorad (with an option to increase such holdings to
9.375%), Israel's largest private power plant, which is in the final stages of
construction and is expected to have an aggregate capacity of approximately
800MW (representing approximately 8% of Israel's current electricity
consumption).

Information Relating to Forward-Looking Statements

This press release contains forward-looking statements that involve
substantial risks and uncertainties, including statements that are based on
the current expectations and assumptions of the Company's management. All
statements, other than statements of historical facts, included in this press
release regarding the Company's plans and objectives, expectations and
assumptions of management are forward-looking statements. The use of certain
words, including the words "estimate," "project," "intend," "expect,"
"believe," "anticipate," "will," "plan," "could," "may" and similar
expressions are intended to identify forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The Company
may not actually achieve the plans, intentions or expectations disclosed in
the forward-looking statements and you should not place undue reliance on the
Company's forward-looking statements. Various important factors could cause
actual results or events to differ materially from those that may be expressed
or implied by our forward-looking statements including receipt of regulatory
approvals and market conditions. These and other risks and uncertainties
associated with the Company's business are described in greater detail in the
filings the Company makes from time to time with Securities and Exchange
Commission, including its Annual Report on Form 20-F. The forward-looking
statements are made as of this date and the Company does not undertake any
obligation to update any forward-looking statements, whether as a result of
new information, future events or otherwise.

Contact:
Kalia Weintraub
CFO
Tel: +972-(3)-797-1111
Email: anatb@ellomay.com

SOURCE Ellomay Capital Ltd
 
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