Ofek Holdings Group–Urban Renewal Ltd.

Senior Executives

Yaakov Ofek

Chairman of the Board of Directors

Daniel Ofek

Chief Executive Officer

Omer Niv, Adv.

Legal Counsel and VP – Development

Tal Azgad

VP and Chairman of the Board of Directors–Human Resources Personnel Company

Motti Goldschmidt

Chief Financial Officer

Kobi Ofek

VP-Construction

Boaz Avraham

VP-Engineering

Aviad Shukri

Chief Engineer

Sheeran Billet, CPA

Controller

Hadar Moshe

Cost Accountant

Nitael Bazalel

Head of Planning and Licensing

Geffen Abacis, Adv.

Head of Projects

Ofir Franco, Adv.

Legal Department and Head of Projects

Michal Gov

Head of Marketing and Projects

Tami Raudi

Chief Accountant

Dov Milek

Chief Executive Officer–Foreign Workers Entity

Anastasia Bilanki

Coordinator of Human Resources

The Ofek Group is a family company operating in urban renewal in the Dan Bloc, focusing on evacuation-reconstruction projects, which are part of a revolution that has taken place in recent years in Israel's urban landscape. In this context, the developer demolishes the older buildings, sometimes entire neighborhoods, and replaces them with new buildings protected against missile attacks and earthquakes. This contrasts with the TAMA 38 route, where older buildings are repaired and strengthened against earthquakes and missile attack without demolition.

Under the framework of the projects initiated and built by the Ofek Group, the residents receive a new apartment in a new building. Usually, the value of the apartment will be greater than the value of the previous apartment, and all this is given to the residents without any financial investment.

The Ofek Group has been operating in this field for three decades and has gained extensive experience in initiating, establishing, and managing large-scale residential projects in Israel and abroad. The Company is headed by Yaakov Ofek, whose business activities also include entrepreneurship in private and public settings.

High Standards of Management and Execution

The Ofek Group operates according to high-level organizational and organizational culture standards, resilience, and financial responsibility. The Group specializes in the design and execution of boutique buildings while maintaining the utmost transparency, professionalism, planning ingenuity, rich specifications, and quality materials. The Group initiates, builds, and manages many evacuation-reconstruction projects located in-demand areas of Tel Aviv, Ramat Gan, and Ramat Hasharon. The Group's "fingerprints" stand out on the city streets–many new homes with an elegant finish, which have taken the place of the outdated buildings that the Group demolished as part of the project.

The Ofek Holdings Group has a contracting company (holder of the C-5 classification) and a foreign workers' corporation, which provides workers for the construction sector.

Financial Resilience and Skilled

Workers

The Group enjoys financial strength and extensive work experience with all banks in Israel. The projects are supported by the leading banks in the marketplace, and are managed through a restricted bank account, designed to ensure the project's execution and completion for the residents' welfare.

The Group's staff includes engineers, architects, accountants, and attorneys, who work on all projects and stress the high standards through the planning and execution stages until delivery.

Residents as Partners in the Journey

An urban renewal project may take several years until completion. The Group and the residents are the main partners of the project. They all have one goal – to reach the finish line so that the project will be in accordance with the agreement signed with the residents, which will be conducted with the minimum delays, and will be completed in the shortest time and at the highest quality level.

When choosing an entrepreneurial and construction company that deals with urban renewal projects, the potential resident must remember that in the future, he will also be required to face various challenges. The conclusion – the new resident must carefully check the counterparty when signing an agreement, does the counterparty have all the tools needed for the project to be implemented successfully, experience with previous projects, the financial strength, etc. The potential resident should visit the construction site and talk with the other residents about projects that have already been completed or are under construction.

Ofek Group Projects – A Success Story

The financial strength of the Ofek Group, the skilled staff, and the experience gained by the Group over decades in the construction industry and the field of urban renewal – evacuation-reconstruction all guarantee the success of the projects it initiates and executes. Its projects have gained a reputation, and the Group is now one of the leading companies in evacuation-reconstruction.

Undoubtedly, this is a success story that is expressed in new buildings that have emerged in recent years on the streets of Tel Aviv, Ramat Hasharon, and Ramat Gan, and many more will appear in the coming years.

Following are Some of the Ofek Group's Projects:

• 5-7 Louis Marshall, in Tel Aviv •   23 Remez, in Tel Aviv
• 39 Yehoshua Bin Nun, in Tel Aviv •   13 Zichron Yaakov, in Tel Aviv
• 19-21 Prazon, in Tel Aviv •   4 Bialik, in Ramat Hasharon
• 3 Dvora Ha'niviah, in Ramat Hasharon •   19 Weizman, in Ramat Hasharon
• 13 Simtat Hagina, in Ramat Hasharon •   28 Bialik, in Ramat Hasharon
• 5 Hamizpah, in Ramat Gan •   16 Yoav, in Ramat Gan
• 25 Assaf, in Ramat Gan •   5 Assaf, in Ramat Gan
• 12 Itamar, in Ramat Gan.