The bank of Palestine "the general limited shareholder" announces the offering of (1,479,016) shares in the annual meeting. Therefore, from today Sunday 03/06/07 until the end of the Thursday working day 14/06/2007, the accepted conditions are as follows:

1.      Subscription is limited to the bank of Palestine company shareholders as of the end of trade share on Thursday 05/04/2007.

2.      Share price (1.05$)- (value 1 dollar +0.05 dollars non refunds)

3.      Shareholder has the right to fully subscribe to the offered shares.

4.      If the subscriber end up with a larger amount of shares than offered, a number of shares will be limited  and will end up equaling the same percentage as of the date 05/04/2007. The remaining amount of shares will be distributed to the subscriber as requested as for high distributing specified shares; the bank will handle it in a suitable manner.

5.      Subscription will take place by the department of relations and marketing   in all bank branches in Palestine .

Important note to shareholders outside the country : to simplify the subscription procedures you will find the application and the brochure from bank website www.bankofpalestine.com , this could be sent to the bank of Palestine-Al-Rimal branch   by fax and transfer the amount to  account number: 1116666,bank number:89,Swift code :PALSPSS22