Siemens begins investment in Israel in the mid 1990s. Investments have reached over $600 million, including investments in Ornet , RADNet, Flower, Savan and many others.

Invested in Israel:

§                  Siemens AG (NYSE:SI; XETRA:SIE) provides leading-edge solutions in information and communication, automation and control, power, transportation, medical and lighting.

Highlights:

§                   Siemens begins investment in Israel in the mid 1990s. Investments have reached over $600 million, including investments in Ornet , RADNet, Flower, Savan and many others.

§                   In 2000, Siemens established the local subsidiary Siemens Israel

§                   Siemens Israel has won significant orders (over $700 million) and consistently involves local industry in the projects.

§                   January 2004, Siemens acquires Israeli hi-tech company eShip-4u to be merged with Siemens Israel.

§                   May 2004, the Medical Solutions group invests in the Jerusalem based CADVision.

§                   March 2004, Siemens Venture Capital invests in optical networking component vendor BroadLight.

§                   July 2004, Siemens Venture Capital is established.

Returns:

§                   Siemens employs some 500 people in Israel, of which about 150 in sales and project development for the Israeli market, and the rest in R&D and manufacturing for the Siemens portfolio.

§                   Siemens Israel makes over $120 million worth of reciprocal procurements in Israel each year.

*Exchange rate: 1 USD = 0.766238 EUR 2/21/05

Highlights:

• 1970: NBC Universal, a GE subsidiary providing news and feature stories, opens its Tel Aviv office. The office is currently NBC Universal’s largest in the region
• 1997: GE established a 50/50 nuclear imaging partnership with Elscint, acquiring Elscint the following year
• 1998: GE Medical Systems acquired Diasonics Ltd., Elbit’s diagnostic ultrasound business
• 1998: GE opened its Tel Aviv office and made its initial investment in the Giza Fund
• 2002: GE Medical Systems and child corporations merged into one company: GE Healthcare Israel Ltd.
• GE Healthcare Israel brought to market the world’s first miniaturized, portable cardiac ultrasound system.
• GE Healthcare Israel brought to market the first combined nuclear and CT imaging scanner using single photon emission computed tomography SPECT/CT imaging.
• GE Healthcare Israel developed a new generation CT reconstruction engine, which revolutionized workflow design with increased speed, image quality, and workflow flexibility.

 Returns:

• For two consecutive years (1998-1999), GE was named the number one trading partner to the Industrial Cooperation Authority (ICA), totaling over $250 million of domestic procurement in 1999 alone.
• Israeli operations have evolved into global “centers of excellence” for GE Healthcare.
• GE Healthcare in Israel currently employs over 300 people.

Invested in Israel:

• In 1974, Intel established its first development center in Israel with an initial investment of $300,000 and a team of five workers.
• Intel purchased two local Israeli companies, DSPC for $1.6 billion cash and Dialogic for $780 million. In addition during 2004 Intel purchased Envara and in 2005 purchased Oplus.
• Intel Capital has invested over $100 million in dozens of Israeli start-up companies, which benefit from valuable strategic cooperation.

Highlights:

• Intel’s first design and development center outside the US.
• Intel's first facility for the manufacture of microprocessors and memory outside the US (1985).
• Intel made the largest investment ever made in Israel by a private company with a total investment of $1.8 billion in an Intel plant.  $600 million was invested by the Israeli Government, under the Encouragement of Capital Investments Law.
• Intel has centers in seven locations throughout Israel and employs 6,100 Israelis in two manufactures sites and five research and development centers.
• Intel is in the process of upgrading its main Israeli plant at a cost of more than US $600 million.

Returns:

• Over the last five years, Intel's Israeli plants exported nearly US $8 billion and its design center developed many of Intel's processors including Intel's Centrino mobile technology, a world wide leading technology for laptops.