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Shikun & Binui Reports Third Quarter 2012 Results

The Company has cash and cash equivalents balances totaling NIS 1 billion and an unutilized credit facility totaling NIS 791 million.

Total assets in the balance sheet amounted to NIS 10.3 billion.

Doron Balchar, Group's CFO: "The Group has strong financial resources, from operations and from the capital market.  We continue to benefit fromthe faith of investors and the capital market  -  our partners who enable us to propel the Group forward.

Condensed Results for the First Nine Months of 2012 (NIS millions):

                                          1-9/2012     1-9/2011
    Revenues                               4,700        3,927
                                            927          836
 
    Gross profit                           19.7%        21.3%
                           Gross margin
    Administrative and general expenses     247          256
    Other operating income (expenses)       (9)           77
                                            651          643
 
    Operating profit                       13.9%        16.4%
                Operating profit margin
    Taxes on income                        (135)        (119)
    Net profit                              367          375

About Shikun & Binui

Shikun & Binui, a member of the Arison Group, is the leading infrastructure and real estate company in Israel. The Group's subsidiaries have been operating since 1924. The Group's companies have gained extensive experience in complex construction and infrastructure projects in Israel and abroad. Shikun & Binui Group has proven achievements in building, residential neighborhoods, commercial and industrial buildings, as well as large-scale transportation, infrastructure and ecological projects, water purification and desalination and development of international projects. In addition, Shikun & Binui also operates in the initiating, planning, construction and operation of projects in renewable energy. Shikun & Binui is a leading, multi-faceted and socially responsible international group that produces balance between the business, social and environmental accomplishment. The group places emphasis on honesty, transparency, innovation, and excellence. The group has accepted upon itself a leadership role in creation of a sustainable and progressive life environment.

The above noted in this release includes forward-looking statements based on Company data, as well as Company plans and estimations based on this data. The activity, results and other data may be substantially different in reality given uncertainty and various risks, including those discussed under risk factors in the Company's financial statements and Director's reports.

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