G. Willi-Food Announces Expected 2013 Revenue Growth of Approximately 17% From 2012

G. Willi-Food Announces Expected 2013 Revenue Growth of Approximately 17% From
                                     2012

G. Willi-Food Also Announces Repayment of Convertible Loan of NIS 65 million
(approximately USD 18.3 million) Granted in Connection with Proposed
Reorganization Plan for IDB Holding Corporation

PR Newswire

YAVNE, Israel, January 13, 2014

YAVNE, Israel, January 13, 2014 /PRNewswire/ --

G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or
"Willi-Food"), a global company that specializes in the development, marketing
and international distribution of kosher foods, today announced that it
expects revenue growth of approximately 17% for fiscal 2013 compared to
revenue in fiscal 2012, based on a preliminary assesment of the financial
results.

"In the 2013 fiscal year we were able to continue to attract new customers as
well as maintain our strong customer base by providing quality products that
have come to represent our brand," commented Zwi Williger, Chairman of
Willi-Food. "We intend to continue the positive gains we have made and
continue developing our product line in the current fiscal year."

The Company also announced the full repayment by C.D-B.A Holdings (Designated)
(2013) Ltd. ("C.D-B.A") of the convertible loan of NIS 65 million
(approximately USD 18.3 million) granted on November 28, 2013 in connection
with the proposed reorganization plan for IDB Holding Corporation. The Company
has also submitted a request from C.D-B.A to receive the NIS 410 thouands
(approximately USD 120 thousands) in accumulated interest owed to the Company
under the terms of the convertible loan agreement.

About G. Willi-Food International Ltd.

G. Willi-Food International Ltd. (http://www.willi-food.com) is an
Israeli-based company specializing in high-quality, great-tasting kosher food
products. Willi-Food is engaged directly and through its subsidiaries in the
design, import, marketing and distribution of over 600 food products
worldwide. As one of Israel's leading food importers, Willi-Food markets and
sells its food products to over 1,500 customers in Israel and around the world
including large retail and private supermarket chains, wholesalers and
institutional consumers. The company's operating divisions include Willi-Food
in Israel and Gold Frost, a wholly owned subsidiary who designs, develops and
distributes branded kosher, dairy-food products.

This press release contains forward-looking statements within the meaning of
safe harbor provisions of the Private Securities Litigation Reform Act of 1995
relating to future events or our future performance, such as statements
regarding trends, demand for our products and expected sales, operating
results, and earnings. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual results,
levels of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or achievements
expressed or implied in those forward-looking statements. These risks and
other factors include but are not limited to: monetary risks including changes
in marketable securities or changes in currency exchange rates- especially
theNIS/U.S. Dollar exchange rate, payment default by any of our major
clients, the loss of one of more of our key personnel, changes in laws and
regulations, including those relating to the food distribution industry, and
inability to meet and maintain regulatory qualifications and approvals for our
products, termination of arrangements with our suppliers, in particular Arla
Foods, loss of one or more of our principal clients, increase or decrease in
global purchase prices of food products, increasing levels of competition in
Israel and other markets in which we do business, changes in economic
conditions in Israel, including in particular economic conditions in the
Company's core markets, our inability to accurately predict consumption of our
products and changes in consumer preferences, our inability to protect our
intellectual property rights, our inability to successfully integrate our
recent acquisitions, insurance coverage not sufficient enough to cover losses
of product liability claims and risks associated with product liability
claims. We cannot guarantee future results, levels of activity, performance or
achievements. The matters discussed in this press release also involve risks
and uncertainties summarized under the heading "Risk Factors" in the Company's
Annual Report on Form 20-F for the year ended December 31, 2012, filed with
the Securities and Exchange Commission on April 30, 2013. These factors are
updated from time to time through the filing of reports and registration
statements with the Securities and Exchange Commission. We do not assume any
obligation to update the forward-looking information contained in this press
release.

Company Contact:
G. Willi Food International Ltd.
Raviv Segal, CFO
+972-8-932-1000
raviv@willi-food.co.il

SOURCE G. Willi-Food International Ltd.
 
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