-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RU3VgX6dosHy9BvjH03N+xpDk/p1o89uZK/McSNd/M4p68Aumq/CmXanbODbzc2w pXFjq/VHCkOObPXNMStK9w== 0000891804-06-002726.txt : 20060825 0000891804-06-002726.hdr.sgml : 20060825 20060825115323 ACCESSION NUMBER: 0000891804-06-002726 CONFORMED SUBMISSION TYPE: N-PX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060630 FILED AS OF DATE: 20060825 DATE AS OF CHANGE: 20060825 EFFECTIVENESS DATE: 20060825 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST ISRAEL FUND INC CENTRAL INDEX KEY: 0000865277 IRS NUMBER: 061302759 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-PX SEC ACT: 1940 Act SEC FILE NUMBER: 811-06120 FILM NUMBER: 061054820 BUSINESS ADDRESS: STREET 1: C/O CREDIT SUISSE ASSET MGMT, LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128753500 MAIL ADDRESS: STREET 1: CREDIT SUISSE ASSET MGMT, LLC STREET 2: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: ISRAEL CAPITAL FUND INC DATE OF NAME CHANGE: 19900826 N-PX 1 npx38708.txt THE FIRST ISRAEL FUND, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-6120 The First Israel Fund, Inc. - ------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) c/o Credit Suisse Asset Management, LLC 466 Lexington Avenue New York, New York 10017 - ------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) J. Kevin Gao, Esq. 466 Lexington Avenue New York, New York 10017 - ------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (212) 875-3500 Date of fiscal year end: 12/31 Date of reporting period: July 1, 2005 - June 30, 2006 ITEM 1. PROXY VOTING RECORD The First Israel Fund, Inc. ========================= THE FIRST ISRAEL FUND, INC. ========================== ALADDIN KNOWLEDGE SYSTEMS Ticker: ALDN Security ID: M0392N101 Meeting Date: DEC 7, 2005 Meeting Type: Annual Record Date: OCT 28, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 APPOINTING INDEPENDENT PUBLIC For For Management ACCOUNTANTS. 2.1 Elect Director Jacob (yanki) Margalit For For Management 2.2 Elect Director Dany Margalit For For Management 2.3 Elect Director David Assia For For Management - -------------------------------------------------------------------------------- ALBAD MASSUOT YITZHAK LTD Ticker: Security ID: M0420G102 Meeting Date: JAN 18, 2006 Meeting Type: Special Record Date: JAN 11, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Arrangement with Controlling For Did Not Management Shareholder for Services of Chairman A. Vote Brody at NIS 69,300 ($15,040) Per Month - -------------------------------------------------------------------------------- AMERICAN ISRAELI PAPER MILLS LTD. Ticker: AIP Security ID: 027069509 Meeting Date: JUN 21, 2006 Meeting Type: Annual Record Date: MAY 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Present Financial Statements and For For Management Directors' Report for Year 2005 2 Reelect Officiating Directors For For Management 3 Reappoint Auditors for Year 2006 For For Management 4 Approve Bonus to Board Chairman for NIS For For Management 800,000 for 2005 5 Approve Purchase of Director/Officer For Against Management Insurance Coverage for Year 2006 6 Amend Articles Re: Director/Officer For For Management Indemnification 7 Approve Director/Officer Indemnification For For Management Provisions - -------------------------------------------------------------------------------- AMPAL-AMERICAN ISRAEL CORP. Ticker: AMPL Security ID: 032015109 Meeting Date: JUN 20, 2006 Meeting Type: Special Record Date: APR 25, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Company Specific --Allow for the For For Management Redemption of Each Outstanding Share of Cumulative Convertible Preferred Stock 2 Company Specific --Allow for the For For Management Redemption of Each Outstanding Share of Cumulative Convertible Preferred Stock - -------------------------------------------------------------------------------- AMPAL-AMERICAN ISRAEL CORP. Ticker: AMPL Security ID: 032015109 Meeting Date: SEP 28, 2005 Meeting Type: Annual Record Date: SEP 6, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Y. Maiman For Withhold Management 1.2 Elect Director J. Bigio For Withhold Management 1.3 Elect Director L. Malamud For For Management 1.4 Elect Director J. Yerushalmi For For Management 1.5 Elect Director Y. Karni For For Management 1.6 Elect Director E. Haber For For Management 1.7 Elect Director M.Morag For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- AUDIOCODES LTD Ticker: AUDC Security ID: M15342104 Meeting Date: SEP 29, 2005 Meeting Type: Annual Record Date: AUG 29, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Joseph Tenne For For Management 2 TO ELECT DR. EYAL KISHON AS AN OUTSIDE For For Management DIRECTOR. 3 Ratify Auditors For For Management 4 TO APPROVE CERTAIN TERMS OF COMPENSATION For For Management OF NON-EMPLOYEE DIRECTORS OF THE COMPANY. 5 TO APPROVE AN AMENDMENT TO THE ARTICLES For For Management OF ASSOCIATION OF THE COMPANY REGARDING INSURANCE, INDEMNIFICATION AND EXCULPATION. 6 TO APPROVE CORRESPONDING AMENDMENTS TO For For Management THE INDEMNIFICATION AGREEMENTS WITH EACH OF THE COMPANY S DIRECTORS. - -------------------------------------------------------------------------------- BANK HAPOALIM B.M. Ticker: Security ID: M1586M115 Meeting Date: MAR 8, 2006 Meeting Type: Special Record Date: FEB 26, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect N. Dror as External Director For Did Not Management Vote 2 Elect P. Dvorin as Director For Did Not Management Vote 3a Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 3b Approve Director/Officer Indemnification For Did Not Management Agreement with Controlling Shareholder Vote Dan Dankner 4a Amend Articles Re: Allow Shareholders to For Did Not Management Vote at General Meetings in Writing or by Vote Internet 4b Amend Articles Re: Director/Officer For Did Not Management Indemnification/Liability Vote 5 Approve Director/Officer Indemnification For Did Not Management Agreements for N. Dror and P. Dvorin Vote - -------------------------------------------------------------------------------- BANK HAPOALIM B.M. Ticker: Security ID: M1586M115 Meeting Date: NOV 10, 2005 Meeting Type: Annual Record Date: NOV 1, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Elect Directors For Did Not Management Vote 3 Elect I. Dissentshik as External Director For Did Not Management Vote 4a Approve Remuneration of Directors For Did Not Management Vote 4b Approve Remuneration of Board Chair S. For Did Not Management Nehama Vote 5 Approve Remuneration of Director and For Did Not Management Controlling Shareholder Dan Dankner Vote 6 Approve Ziv Haft and Somekh Chaikin as For Did Not Management Auditors and Authorize Board to Fix Their Vote Remuneration 7 Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 8a Amend Articles Re: Quorum for Board For Did Not Management Meetings Vote 8b Amend Articles Re: Director/Officer For Did Not Management Indemnification/Liability and Quorum for Vote Board Meetings 9 Amend Director/Officer Indemnification For Did Not Management Agreements Vote - -------------------------------------------------------------------------------- BANK LEUMI LE-ISRAEL Ticker: Security ID: M16043107 Meeting Date: FEB 2, 2006 Meeting Type: Special Record Date: JAN 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Dividend of NIS 0.78 Per Share For Did Not Management for First Nine Months Vote 2 Approve Stock Option Plan For Did Not Management Vote 3 Approve Stock Option Plan Grant to Board For Did Not Management Chair to Purchase 122,644 Shares Vote 4 Approve Securing of Rights of Employees For Did Not Management for Five Years Vote 5 Amend Director/Officer Indemnification For Did Not Management Agreement Vote - -------------------------------------------------------------------------------- BANK LEUMI LE-ISRAEL Ticker: Security ID: M16043107 Meeting Date: OCT 31, 2005 Meeting Type: Special Record Date: OCT 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles Re: Allow Removal of For Did Not Management Director by Ordinary Majority of General Vote Meeting rather than 75 Percent 2 Amend Articles Re: Director/Officer For Did Not Management Indemnification/Liability Vote - -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: DEC 20, 2005 Meeting Type: Annual Record Date: DEC 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote 3 Elect Directors For Did Not Management Vote - -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: JUN 21, 2006 Meeting Type: Annual Record Date: MAY 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Discuss Financial Statements and For For Management Directors' Report for Year 2005 2 Approve Somech, Chaikin, and Shoti as For For Management Auditors and Authorize Board to Fix Their Remuneration 3 Elect M. Garbiner, D. Weisglass, Z. For For Management Cohen, Y. Rubinstein and Reelect M. Arkin, P. Bucris, R. Gottfried, A. Saban, M. Inbar, A. Chesnoff, and K. Kiari as Directors 4 Approve Compensation of Dov Weisglass as For For Management Director for NIS 150,000 Per Month - -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: MAR 23, 2006 Meeting Type: Special Record Date: MAR 12, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Cash Dividend of NIS 0.4606446 For Did Not Management Per Share Vote 2 Approve Management Agreement with For Did Not Management Significant Shareholder Vote - -------------------------------------------------------------------------------- BEZEQ THE ISRAELI TELECOM CORP Ticker: Security ID: M2012Q100 Meeting Date: NOV 24, 2005 Meeting Type: Special Record Date: OCT 31, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors For Did Not Management Vote 2 Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote - -------------------------------------------------------------------------------- BLUE SQUARE CHAIN INVESTMENT & PROPERTIES LTD. Ticker: Security ID: M2017U106 Meeting Date: JAN 31, 2006 Meeting Type: Annual Record Date: JAN 24, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Elect Directors For Did Not Management Vote 3 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote 4 Amend Articles Re: Amend List of Matters For Did Not Management that Require Approval of 75 Percent of Vote Board 5 Amend Agreement Regarding Joint Operation For Did Not Management of Branches of Blue Square Israel Limited Vote and Branches of Company 6 Approve Compensation of Board Chair For Did Not Management Vote - -------------------------------------------------------------------------------- CHECK POINT SOFTWARE TECHNOLOGIES INC Ticker: CHKP Security ID: M22465104 Meeting Date: SEP 27, 2005 Meeting Type: Annual Record Date: AUG 19, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 ELECTION OF DIRECTORS (OTHER THAN OUTSIDE For For Management DIRECTORS): GIL SHWED, MARIUS NACHT, JERRY UNGERMAN, DAVID RUBNER, TAL SHAVIT. 2 TO RATIFY THE APPOINTMENT AND For For Management COMPENSATION OF CHECK POINT S INDEPENDENT PUBLIC ACCOUNTANTS. 3 TO RATIFY AND APPROVE CHECK POINT S NEW For Against Management EQUITY INCENTIVE PLANS. 4 TO RATIFY AND APPROVE AN EXTENSION OF For For Management CHECK POINT S 1996 EMPLOYEE STOCK PURCHASE PLAN. 5 TO AMEND CHECK POINT S ARTICLES OF For For Management ASSOCIATION REGARDING INSURANCE, INDEMNIFICATION AND EXCULPATION. 6 TO APPROVE CORRESPONDING AMENDMENTS TO For For Management THE INDEMNIFICATION AGREEMENTS WITH EACH OF CHECK POINT S DIRECTORS. 7 TO AMEND CHECK POINT S ARTICLES OF For For Management ASSOCIATION REGARDING DISTRIBUTION OF ANNUAL FINANCIAL STATEMENTS. 8 TO APPROVE COMPENSATION TO CERTAIN For Against Management EXECUTIVE OFFICERS WHO ARE ALSO BOARD MEMBERS. 9 TO APPROVE CASH COMPENSATION OF CHECK For For Management POINT S DIRECTORS WHO ARE NOT EMPLOYEES. 10 I HAVE A PERSONAL INTEREST IN ITEM 5 None For Management PLEASE MARK FOR IF YOU HAVE A PERSONAL INTEREST 11 I HAVE A PERSONAL INTEREST IN ITEM 6 None For Management PLEASE MARK FOR IF YOU HAVE A PERSONAL INTEREST 12 I HAVE A PERSONAL INTEREST IN ITEM 8 None Against Management PLEASE MARK FOR IF YOU HAVE A PERSONAL INTEREST - -------------------------------------------------------------------------------- CLAL INDUSTRIES AND INVESTMENTS LIMITED Ticker: Security ID: M2439C106 Meeting Date: MAR 7, 2006 Meeting Type: Special Record Date: FEB 16, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect A. Rothbard and N. Langenthal as For Did Not Management External Directors Vote - -------------------------------------------------------------------------------- CLAL INSURANCE ENTERPRISE HOLDINGS LTD. Ticker: Security ID: M2447P107 Meeting Date: JUN 14, 2006 Meeting Type: Special Record Date: MAY 29, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Service Agreement for A. Kaplan, For Against Management CEO Including Grant of Options of 600,000 - -------------------------------------------------------------------------------- DISCOUNT INVESTMENT CORP. Ticker: Security ID: M28072102 Meeting Date: MAR 9, 2006 Meeting Type: Special Record Date: FEB 21, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Sale of 5 Percent of Share For Did Not Management Capital of Cellcom Ltd. Vote - -------------------------------------------------------------------------------- DISCOUNT MORTG. BK Ticker: Security ID: M2807J105 Meeting Date: DEC 22, 2005 Meeting Type: Special Record Date: DEC 15, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect A. Miron as External Director For Did Not Management Vote - -------------------------------------------------------------------------------- DISCOUNT MORTG. BK Ticker: Security ID: M2807J105 Meeting Date: JUN 8, 2006 Meeting Type: Annual Record Date: MAY 10, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Discuss Financial Statements and For For Management Directors' Report for Year Ending Dec. 31, 2005 2 Reappoint Yair Avidan as Director For For Management 3 Reappoint Itay Igis as Director For For Management 4 Reappoint Nissim Alajem as Director For For Management 5 Reappoint Shlomo Aliyah as Director For For Management 6 Reappoint Avraham Oshri as Director For For Management 7 Reappoint Iris Panso as Director For For Management 8 Appoint Avi Yahav as External Director; For For Management Avraham Miron Continues in Office as External Director 9 Approve Annual Remuneration of External For For Management Directors for ILS 38,940 10 Approve Remuneration of External For For Management Directors Per Board or Committee Meeting for ILS 1,495 11 Ratify Ziv Haft as Auditors For For Management 12 Authorize Board to Determine Remuneration For For Management of Auditors 13 Approve Continuation of Director and For Against Management Officer Insurance Coverage - -------------------------------------------------------------------------------- DSP GROUP, INC. Ticker: DSPG Security ID: 23332B106 Meeting Date: JUL 20, 2005 Meeting Type: Annual Record Date: MAY 26, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Yair Seroussi For For Management 1.2 Elect Director Yair Shamir For For Management 2 Ratify Auditors For For Management - -------------------------------------------------------------------------------- DSP GROUP, INC. Ticker: DSPG Security ID: 23332B106 Meeting Date: MAY 24, 2006 Meeting Type: Annual Record Date: MAR 28, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director Patrick Tanguy For For Management 2 Amend Non-Employee Director Stock Option For For Management Plan 3 Amend Qualified Employee Stock Purchase For For Management Plan 4 Ratify Auditors For For Management - -------------------------------------------------------------------------------- ECI TELECOM LTD. Ticker: ECIL Security ID: 268258100 Meeting Date: JUL 14, 2005 Meeting Type: Annual Record Date: JUN 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 TO RE-ELECT MS. YOCHEVED DVIR AS AN For For Management EXTERNAL DIRECTOR. 2 TO ELECT SHLOMO DOVRAT AS DIRECTOR For For Management 3 TO ELECT DANNY BIRAN AS DIRECTOR For For Management 4 TO ELECT CRAIG EHRLICH DIRECTOR For For Management 5 TO ELECT AVRAHAM FISCHER AS DIRECTOR For For Management 6 TO ELECT COLIN R. GREEN AS DIRECTOR For For Management 7 TO ELECT JONATHAN B. KOLBER AS DIRECTOR For For Management 8 TO ELECT CASIMIR SKRZYPCZAK AS DIRECTOR For For Management 9 TO ELECT GERD TENZER AS DIRECTOR For For Management 10 TO APPROVE NEW TERMS OF COMPENSATION FOR For Against Management MR. C. SKRZYPCZAK. 11 TO APPROVE ADDITIONAL COMPENSATION FOR For For Management MR. G. TENZER. 12 TO APPROVE THE ADOPTION OF THE ECI For Against Management TELECOM LTD. EMPLOYEE RESTRICTED SHARE INCENTIVE PLAN 2005. 13 TO APPROVE AN INCREASE IN THE NUMBER OF For Against Management SHARES RESERVED FOR THE COMPANY S SHARE INCENTIVE PLANS. 14 Ratify Auditors For For Management - -------------------------------------------------------------------------------- EL AL ISRAEL AIRLINES LTD. Ticker: Security ID: M3741D113 Meeting Date: MAR 23, 2006 Meeting Type: Special Record Date: MAR 3, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Increase in Authorized Capital by For Did Not Management NIS 54,279,453 par value Vote - -------------------------------------------------------------------------------- ELBIT MEDICAL IMAGING Ticker: EMITF Security ID: M37605108 Meeting Date: DEC 29, 2005 Meeting Type: Annual Record Date: DEC 6, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect M. Zisser, S. Yitzhaki, R. Lavine, For Did Not Management J. Forer, and D. Rubner as Directors Vote 2 Approve Brightman Almagor as Auditors and For Did Not Management Authorize Board to Fix Their Remuneration Vote 3 Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 4 Elect Y. Apter as External Director For Did Not Management Vote - -------------------------------------------------------------------------------- ELBIT MEDICAL IMAGING Ticker: EMITF Security ID: M37605108 Meeting Date: MAY 31, 2006 Meeting Type: Special Record Date: APR 26, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Mar. 17, 2005 Dividend For Did Not Management Vote 2 Approve Jan. 17, 2006 Dividend For Did Not Management Vote 3 Approve Bonus to President, CFO, and For Did Not Management Director Vote 4 Approve Bonus to Director, and President For Did Not Management and Acting CEO of Subsidiaries Vote 5 Approve Stock Option Plan Grants to For Did Not Management Purchase Total of 353,500 Shares to Vote Directors 6 Approve Management Services Agreement For Did Not Management with Company Owned by Executive Chairman Vote Mordechay Zisser 6.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 6 Vote 7 Approve Bonus to Zisser For Did Not Management Vote 7.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 7 Vote 8 Approve Stock Option Plan Grant to For Did Not Management Purchase 350,000 Shares to Zisser Vote 8.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 8 Vote 9 Approve Stock Option Plan Grant to For Did Not Management Purchase 250,000 Shares of Subsidiary Vote Insightec Ltd. to Zisser 9.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 9 Vote 10 Approve Continuation of Contract with For Did Not Management Indirect Controlling Shareholder Control Vote Centers Ltd. for Various Services Related to Real Estate Projects 10.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 10 Vote 11 Amend Articles Re: Director/Officer For Did Not Management Indemnification/Liability Vote 11.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 11 Vote 12 Approve Director/Officer Indemnification For Did Not Management Agreements Vote 13 Approve Director/Officer Indemnification For Did Not Management Agreement with Zisser Vote 13.1 Indicate Personal Interest in Proposed None Did Not Management Agenda Item 13 Vote - -------------------------------------------------------------------------------- ELBIT MEDICAL IMAGING Ticker: EMITF Security ID: M37605108 Meeting Date: OCT 27, 2005 Meeting Type: Special Record Date: SEP 26, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Merger Agreement For Did Not Management Vote - -------------------------------------------------------------------------------- ELCO HOLDINGS Ticker: Security ID: M3787F105 Meeting Date: JUN 20, 2006 Meeting Type: Special Record Date: MAY 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Appoint R. Israel and A. Zocobitsky as For For Management External Directors and Approve Their Compensation 2 Appoint G. Ashkenazi as Director and For For Management Approve His Compensation - -------------------------------------------------------------------------------- ELCO HOLDINGS Ticker: Security ID: M3787F105 Meeting Date: MAY 10, 2006 Meeting Type: Special Record Date: APR 27, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Discuss Financial Statements and For For Management Directors' Reports from year ending Dec. 31, 2005 2 Reelect G. Zilkind, D. Zilkind, and U. For For Management Ben-Ari as Directors 3 Reappoint Rozanski, Halipi, Meiri, and For For Management Shoti, and Kost, Forer, Gabbay, and Kasierer as Auditors for year 2006 4 Company Specific - Organization Related For Against Management - -------------------------------------------------------------------------------- ELECTRA ISRAEL LTD. Ticker: Security ID: M38004103 Meeting Date: JUN 20, 2006 Meeting Type: Special Record Date: MAY 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Appoint G. Rom and D. Marian as External For For Management Directors and Approve Their Remuneration - -------------------------------------------------------------------------------- ELECTRA ISRAEL LTD. Ticker: Security ID: M38004103 Meeting Date: MAY 10, 2006 Meeting Type: Special Record Date: APR 27, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Discuss Financial Statements and For For Management Directors' Reports for year ending December 31, 2005 2 Reappoint Britman, Almagor, and Shoti as For For Management Auditors for year 2006 3 Reelect G. Zilkind, O. Ben-Yosef, S. For For Management Sheref, D. Zilkind, and M. Sosler as Directors 4 Approve Acquisition For Against Management - -------------------------------------------------------------------------------- F.I.B.I. HOLDINGS LTD Ticker: Security ID: M4252W102 Meeting Date: MAR 23, 2006 Meeting Type: Special Record Date: MAR 16, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Sale of Tel-Aviv property to For Did Not Management fully owned Subsidiary for $12.5 Million Vote - -------------------------------------------------------------------------------- F.I.B.I. HOLDINGS LTD Ticker: Security ID: M4252W102 Meeting Date: OCT 27, 2005 Meeting Type: Annual Record Date: OCT 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports Vote 2 Fix Number of Directors at 9 Including For Did Not Management External Directors; Elect Directors Vote 3 Report on Auditors' Remuneration for 2004 For Did Not Management Vote 4 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote - -------------------------------------------------------------------------------- FORMULA SYSTEMS (1985) Ticker: FORTF Security ID: M46518102 Meeting Date: APR 10, 2006 Meeting Type: Annual Record Date: MAR 20, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Re-Elect D. Goldstein, G. Goldstein, S. For Did Not Management Nass, I. Davidi, and Y. Oren as Directors Vote 2 Reappoint Auditors BDO Ziv and Haft and For Did Not Management Authorize Board to Fix Their Remuneration Vote 3 Accept Financial Statements and Statutory For Did Not Management Reports for Year Ending Dec. 31, 2004 Vote - -------------------------------------------------------------------------------- FORMULA SYSTEMS (1985) Ticker: FORTF Security ID: M46518102 Meeting Date: DEC 28, 2005 Meeting Type: Special Record Date: NOV 21, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.a Elect Ishay Davidi as Directors For Did Not Management Vote 1.b Elect Yarom Oren as Directors For Did Not Management Vote 2 Amend Articles Re: Director/Officer For Did Not Management Indemnification/Liability Vote 3.a Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 3.b Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 3.c Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 3.d Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote 4.a Approve Director/Officer Indemnification For Did Not Management Agreements Vote 4.b Approve Director/Officer Indemnification For Did Not Management Agreements Vote 5.a Amendment of Debenture of Formula Vision: For Did Not Management First Alternative Vote 5.b Amendment of Debenture of Formula Vision: For Did Not Management Second Alternative Vote - -------------------------------------------------------------------------------- HAREL INSURANCE INVESTMENT (FORMERLY HAREL HAMISHMAR) Ticker: Security ID: M52635105 Meeting Date: JAN 18, 2006 Meeting Type: Special Record Date: JAN 13, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Appoint Two External Directors for a For Did Not Management Three Year Term Vote - -------------------------------------------------------------------------------- HOUSING & CONSTUCTION HOLDING Ticker: Security ID: M5313B102 Meeting Date: DEC 11, 2005 Meeting Type: Annual Record Date: NOV 24, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For Did Not Management Directors' Report for Years 2003 and 2004 Vote 2 Elect Directors For Did Not Management Vote 3 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote - -------------------------------------------------------------------------------- IBI INVESTMENT HOUSE LTD(FORMERLY GACHELET) Ticker: Security ID: M4714A102 Meeting Date: JUN 13, 2006 Meeting Type: Special Record Date: MAY 14, 2006 # Proposal Mgt Rec Vote Cast Sponsor A Approve NIS 175,000 Bonus, Monthly Salary For Against Management of NIS 25,000, and Option Grant to Purchase 12,000 Ordinary Shares to E. Alkali B Approve NIS 300,000 Bonus, Monthly Salary For Against Management of NIS 25,000, and Option Grant to Purchase 12,000 Ordinary Shares to R. Weisberg C Approve NIS 300,000 Bonus, Monthly Salary For Against Management of NIS 25,000, and Option Grant to Purchase 12,000 Ordinary Shares to E. Cook D Approve NIS 25,000 Bonus, Monthly Salary For Against Management of NIS 7,500, and Option Grant to Purchase 4,000 Ordinary Shares to D. Lubetsky - -------------------------------------------------------------------------------- IBI INVESTMENT HOUSE LTD(FORMERLY GACHELET) Ticker: Security ID: M4714A102 Meeting Date: OCT 27, 2005 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Director/Officer Indemnification For Did Not Management Agreements Vote - -------------------------------------------------------------------------------- IBI INVESTMENT HOUSE LTD(FORMERLY GACHELET) Ticker: Security ID: M4714A102 Meeting Date: OCT 27, 2005 Meeting Type: Annual Record Date: OCT 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Elect Four Directors to Serve until 2006 For Did Not Management Vote 3 Reelect N. Ahituv as Director to Serve For Did Not Management until 2008 Vote 4 Approve Remuneration of Directors For Did Not Management Vote 5 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote 6 Change Company Name to I.B.I. Financial For Did Not Management Services Ltd. Vote 7 Approve 10:1 Stock Split For Did Not Management Vote - -------------------------------------------------------------------------------- IDB DEVELOPMENT CORP Ticker: Security ID: M2798P102 Meeting Date: DEC 21, 2005 Meeting Type: Special Record Date: DEC 12, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Registration of Company and Fully For Did Not Management Owned Subsidiaries, together with IDB Vote Holding Co. Ltd., as Single Tax Liable Entity for Purpose of Value Added Tax Law - -------------------------------------------------------------------------------- IDB DEVELOPMENT CORP Ticker: Security ID: M2798P102 Meeting Date: MAR 9, 2006 Meeting Type: Special Record Date: FEB 26, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect R. Mardor as External Director For Did Not Management Vote - -------------------------------------------------------------------------------- INDUSTRIAL BUILDINGS CORP. Ticker: Security ID: M5514Q106 Meeting Date: MAY 23, 2006 Meeting Type: Special Record Date: APR 24, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Agreement with Jerusalem Economic For Against Management Co. and Darban Investments Regarding Real Estate Investment in Russia 2 Approve Bonus to Mr. Fishman of 4 Percent For Against Management of Profit from Foreign Investments 3 Approve Payment of Costs Associated with For Against Management Foreign Business Travel by Private Airplane by Fishman up to 12 Times Per Year, rather than 10 Times Per Year as Previously - -------------------------------------------------------------------------------- ISRAEL CHEMICALS LIMITED Ticker: Security ID: M5920A109 Meeting Date: APR 23, 2006 Meeting Type: Annual Record Date: APR 9, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Present Financial Statements and For For Management Statutory Reports for 2005 2 Reelect Y. Rosen, G. Shavit, C. Erez, M. For For Management Dahleh, M. Vidman, N. Yatziv, A. Paz, A. Sadeh, A. Shochat, and I. Izakson as Directors 3 Approve KPMG, Somech Chaikin as Auditors For For Management and Authorize Board to Fix Their Remuneration - -------------------------------------------------------------------------------- ISRAEL CHEMICALS LIMITED Ticker: Security ID: M5920A109 Meeting Date: JAN 26, 2006 Meeting Type: Special Record Date: JAN 18, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect A. Shohat and I. Isaacson as For Did Not Management External Directors, and Authorize Vote Compensation Equal to Maximum Rate Permitted by Companies Law 2 Approve KPMG as Auditors and Authorize For Did Not Management Board to Fix Their Remuneration Vote - -------------------------------------------------------------------------------- ISRAEL DISCOUNT BANK Ticker: Security ID: 465074201 Meeting Date: APR 26, 2006 Meeting Type: Special Record Date: APR 10, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Stock Option Allotment to Board For Against Management Chairman to Purchase 9,806,392 Shares 2 Approve Increase in Authorized Capital For Against Management 3 Approve Employment Agreement for Board For For Management Chairman for 5 Year Period 4 Approve Director Liability Insurance for For Against Management 30 Day Period - -------------------------------------------------------------------------------- ISRAEL DISCOUNT BANK Ticker: Security ID: 465074201 Meeting Date: DEC 21, 2005 Meeting Type: Annual Record Date: NOV 14, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Approve Interim Dividend of 6 Percent to For Did Not Management Holders of 6 Percent Preferred Shares Vote 3 Reappoint Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote 4 Note Continuation of Terms of Directors None Did Not Management Vote - -------------------------------------------------------------------------------- ISRAEL DISCOUNT BANK Ticker: Security ID: 465074201 Meeting Date: JAN 31, 2006 Meeting Type: Special Record Date: JAN 24, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Appoint Nine New Directors For Did Not Management Vote 2 Reappoint Four of Current Directors, and For Did Not Management Two External Directors Vote 3 Terminate Service of Six Current For Did Not Management Directors, Including Chairman Vote - -------------------------------------------------------------------------------- ISRAEL DISCOUNT BANK Ticker: Security ID: 465074201 Meeting Date: JUN 7, 2006 Meeting Type: Special Record Date: MAY 10, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Director/Officer Liability and For Against Management Indemnification Insurance - -------------------------------------------------------------------------------- MIND CTI LTD Ticker: MNDO Security ID: M70240102 Meeting Date: JUN 29, 2006 Meeting Type: Annual Record Date: JUN 1, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Ratify Auditors For For Management 2 APPROVAL OF THE CONTINUING SERVICE OF For Against Management MONICA EISINGER AS BOTH (1) PRESIDENT AND CHIEF EXECUTIVE OFFICER AND (2) CHAIRPERSON OF THE BOARD OF DIRECTORS OF THE COMPANY. 3 APPROVAL OF AMENDMENTS TO THE COMPANY S For For Management ARTICLES OF ASSOCIATION PURSUANT TO AMENDMENTS TO THE ISRAELI COMPANIES LAW. 4 APPROVAL OF NEW INDEMNIFICATION For For Management AGREEMENTS IN FAVOUR OF THE COMPANY S DIRECTORS WHO SERVE FROM TIME TO TIME. - -------------------------------------------------------------------------------- MIZRAHI TEFAHOT BANK LTD (FORMERLY UNITED MIZRAHI BANK) Ticker: Security ID: M9540S110 Meeting Date: MAR 29, 2006 Meeting Type: Special Record Date: MAR 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Director/Officer Liability and For Did Not Management Indemnification Insurance Vote - -------------------------------------------------------------------------------- MIZRAHI TEFAHOT BANK LTD (FORMERLY UNITED MIZRAHI BANK) Ticker: Security ID: M9540S110 Meeting Date: MAY 14, 2006 Meeting Type: Annual Record Date: APR 11, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For For Management Reports 2.1 Elect J. Perry as Director For For Management 2.2 Elect Y. Ofer as Director For For Management 2.3 Elect M. Wertheim as Director For For Management 2.4 Elect Z. Ephrat as Director For For Management 2.5 Elect J. Bahat as Director For For Management 2.6 Elect R. Gazit as Director For For Management 2.7 Elect G. Sitterman as Director For For Management 2.8 Elect L. Ofer as Director For For Management 2.9 Elect Y. Rosen as Director For For Management 2.10 Elect A. Shohat as Director For For Management 3.1 Elect A. Natan as External Director For For Management 3.2 Elect J. Steinmitz as External Director For For Management 4 Approve Brightman Almagor & Co. as For For Management Auditors and Authorize Board to Fix Their Remuneration 5 Approve $180,000 Bonus for Board Chairman For Against Management 6 Approve Increase in Authorized Capital by For Against Management 100 Million Ordinary Shares, Par Value NIS 0.1 7 Amend Articles of Association For For Management 8 Approve Amendment to Director/Officer For For Management Indemnification Agreements - -------------------------------------------------------------------------------- MIZRAHI TEFAHOT BANK LTD (FORMERLY UNITED MIZRAHI BANK) Ticker: Security ID: M9540S110 Meeting Date: NOV 3, 2005 Meeting Type: Special Record Date: OCT 27, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Change Company Name to Mizrahi Tefahot For Did Not Management Bank Ltd. Vote - -------------------------------------------------------------------------------- NICE-SYSTEMS LTD. Ticker: NICE Security ID: 653656108 Meeting Date: SEP 28, 2005 Meeting Type: Annual Record Date: AUG 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Ron Gutler For For Management 1.2 Elect Director Joseph Atsmon For For Management 1.3 Elect Director Rimon Ben-Shaoul For For Management 1.4 Elect Director Yoseph Dauber For For Management 1.5 Elect Director John Hughes For For Management 1.6 Elect Director David Kostman For For Management 1.7 Elect Director Haim Shani For For Management 2 Ratify Auditors For For Management 3 AN AMENDMENT TO THE MEMORANDUM AND For Against Management ARTICLES INCREASING THE COMPANY S SHARE CAPITAL FROM 50,000,000 TO 75,000,000 SHARES. 4 AN AMENDMENT TO THE ARTICLES AUTHORIZING For For Management TO ELECT DIRECTORS LATER THAN THE DATE OF THE RESOLUTION ELECTING SUCH DIRECTOR. 5 AMENDMENTS TO THE ARTICLES IN ORDER TO For For Management INCORPORATE CERTAIN PROVISIONS OF RECENT AMENDMENTS TO THE ISRAELI COMPANIES LAW. 6 TO APPROVE AMENDMENTS TO THE For For Management INDEMNIFICATION LETTERS IN FAVOR OF THE COMPANY S DIRECTORS. 7 TO APPROVE THE REALLOCATION OF THE POOL For Against Management OF SHARES RESERVED FOR ISSUANCE UNDER THE COMPANY S EMPLOYEE STOCK PURCHASE PLAN. 8 TO APPROVE THE COMPANY S RESTRICTED SHARE For Against Management INCENTIVE PLAN. 9 TO APPROVE THE REALLOCATION OF THE POOL For Against Management OF SHARES RESERVED FOR ISSUANCE UNDER THE COMPANY S EMPLOYEE STOCK OPTION PLAN. 10 TO APPROVE A CASH BONUS, AS WELL AS AN For Against Management OPTION GRANT AND A RESTRICTED SHARE GRANT TO MR. HAIM SHANI, THE CEO AND DIRECTOR. 11 AN AMENDMENT TO THE EMPLOYMENT AGREEMENT For For Management OF HAIM SHANI, THE CEO AND A DIRECTOR OF THE COMPANY, EFFECTIVE JULY 1, 2005. 12 TO APPROVE CHANGES IN THE FEES OF THE For For Management DIRECTORS (EXCLUDING EXTERNAL DIRECTORS ). 13 TO APPROVE THE GRANT OF OPTIONS TO For Against Management PURCHASE ORDINARY SHARES OF THE COMPANY TO CERTAIN NON-EXECUTIVE DIRECTORS. - -------------------------------------------------------------------------------- NISKO INDUSTRIES Ticker: Security ID: M7505U104 Meeting Date: MAR 9, 2006 Meeting Type: Annual Record Date: MAR 2, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Elect Directors For Did Not Management Vote 3 Approve Compensation of Director U. For Did Not Management Haklai Vote 4 Approve Management Agreement Between For Did Not Management Nisko 90 and Nisko Electronic and Vote Communication Projects (1999) Ltd. 5 Approve Stock Option Plan Grant by Nisko For Did Not Management 90 to Purchase 500,000 Shares of Nisko 99 Vote to Ephraim Sagie Holdings Ltd. 6 Approve Bonus by Nisko 90 of NIS 400,000 For Did Not Management to Sagie Data G.C.I. Electronics Ltd. Vote 7 Amend Articles Re: Director/Officer For Did Not Management Indemnification/Liability Vote 8 Approve Director/Officer Indemnification For Did Not Management Agreements for Directors and Officers who Vote are not Controlling Shareholders 9 Approve Director/Officer Indemnification For Did Not Management Agreements for Directors and Officers who Vote are Controlling Shareholders 10 Ratify Employment of Y. Sagie as Sales For Did Not Management Manager of Aypoint Media Ltd. Vote 11 Ratify Employment of E. Sidi by Nisko 90 For Did Not Management Vote - -------------------------------------------------------------------------------- ORBOTECH, LTD. Ticker: ORBK Security ID: M75253100 Meeting Date: JUL 14, 2005 Meeting Type: Annual Record Date: JUN 6, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 THE ELECTION OF DIRECTOR: DAN FALK For For Management 2 THE ELECTION OF DIRECTOR: YOCHAI RICHTER For For Management 3 APPROVAL OF PROPOSAL TO RECEIVE, CONSIDER For For Management AND APPROVE THE AUDITORS REPORT AND THE CONSOLIDATED FINANCIAL STATEMENTS 4 Ratify Auditors For For Management 5 RATIFICATION AND APPROVAL OF PROPOSAL TO For Against Management MERGE THE COMPANY S 1995 INCENTIVE STOCK PLAN FOR KEY EMPLOYEES OF ORBOTECH LTD. S SUBSIDIARIES 6 RATIFICATION AND APPROVAL OF RESOLUTIONS For Against Management OF THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS PERTAINING TO THE ANNUAL BONUS FOR 2005 TO, THE INCREASE IN SALARY OF, AND THE GRANTING OF AN OPTION AND THE AWARDING OF RESTRICTED SHARES TO, THE CHEIF EXECUTIVE 7 RATIFICATION AND APPROVAL OF RESOLUTIONS For Against Management OF THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS WTH RESPECT TO THE ADOPTION OF AN EQUITY REMUNERATION PLAN FOR CERTAIN DIRECTORS OF THE COMPANY - -------------------------------------------------------------------------------- ORBOTECH, LTD. Ticker: ORBK Security ID: M75253100 Meeting Date: JUN 25, 2006 Meeting Type: Annual Record Date: MAY 23, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 ELECTION OF CLASS II DIRECTOR: SHLOMO For For Management BARAK 2 ELECTION OF CLASS II DIRECTOR: UZIA GALIL For For Management 3 ELECTION OF CLASS II DIRECTOR: SHIMON For For Management ULLMAN 4 ELECTION OF EXTERNAL DIRECTOR: AARON For For Management (RONI) FERBER (INCLUDING HIS REMUNERATION) 5 ELECTION OF EXTERNAL DIRECTOR: RAFI For For Management YIZHAR (INCLUDING HIS REMUNERATION) 6 Ratify Auditors For For Management 7 RATIFICATION AND APPROVAL OF THE For For Management CONTINUING TERMS OF EMPLOYMENT AND THE REMUNERATION OF THE ACTIVE CHAIRMAN OF THE DIRECTORS. 8 RATIFICATION AND APPROVAL OF PROPOSAL TO For For Management INCREASE THE COMPANY S REGISTERED (AUTHORIZED) SHARE CAPITAL BY NIS 4,200,000 DIVIDED INTO 30,000,000 ORDINARY SHARES NOMINAL (PAR) VALUE NIS 0.14S EACH AND TO AMEND THE COMPANY S MEMORANDUM AND ARTICLES OF ASSOCI - -------------------------------------------------------------------------------- PROPERTY & BUILDING CORPORATION Ticker: Security ID: M8175G102 Meeting Date: FEB 20, 2006 Meeting Type: Special Record Date: FEB 8, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Stock Option Plan Grant of For Did Not Management Options to Purchase 37,722 Ordinary Vote Shares to Board Chairman 2 Appoint Three External Directors For Did Not Management Vote - -------------------------------------------------------------------------------- PROPERTY & BUILDING CORPORATION Ticker: Security ID: M8175G102 Meeting Date: JUN 28, 2006 Meeting Type: Annual Record Date: JUN 18, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Discuss Financial Statements and For For Management Directors' Report for Year 2005 2 Reelect Officiating Directors For For Management 3 Approve Auditors and Authorize Board to For For Management Fix Their Remuneration 4 Board Report On Remuneration of Auditors For For Management - -------------------------------------------------------------------------------- RADWARE LTD Ticker: RDWR Security ID: M81873107 Meeting Date: DEC 11, 2005 Meeting Type: Annual Record Date: NOV 2, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1.1 Elect Director Mr. C. Mccleary For For Management 1.2 Elect Director Mr. Kenneth Sichau For For Management 1.3 Elect Director Mr. Hagen Hultzsch For For Management 2 Ratify Auditors For For Management 3 APPROVAL OF THE COMPANY S DIRECTORS AND For Against Management OFFICERS LIABILITY INSURANCE POLICY, AS FULLY DESCRIBED IN THE PROXY STATEMENT. 4 APPROVAL OF THE GRANT OF 30,000 OPTIONS For Against Management TO THE COMPANY S DIRECTOR, MR. KENNETH SICHAU, AND INCREASE IN THE NUMBER OF ORDINARY SHARES RESERVED UNDER THE COMPANY S KEY EMPLOYEE SHARE INCENTIVE PLAN ACCORDINGLY. 5 APPROVAL OF THE GRANT OF 30,000 OPTIONS For Against Management TO THE COMPANY S DIRECTOR, MR. HAGEN HULTZSCH, AND THE INCREASE IN THE NUMBER OF ORDINARY SHARES RESERVED UNDER THE COMPANY S KEY EMPLOYEE SHARE INCENTIVE PLAN ACCORDINGLY. 6 APPROVAL OF THE INCREASE IN THE NUMBER OF For Against Management ORDINARY SHARES RESERVED UNDER THE COMPANY S KEY EMPLOYEE SHARE INCENTIVE PLAN BY 3%. 7 APPROVAL OF THE AMENDMENT OF THE COMPANY For For Management S ARTICLES OF ASSOCIATION. 8 APPROVAL OF THE INDEMNIFICATION OF THE For For Management DIRECTORS OF THE COMPANY, IN ACCORDANCE WITH A REVISED INDEMNITY AGREEMENT. - -------------------------------------------------------------------------------- RAPAC ELECTRONICS LTD Ticker: Security ID: M8196S101 Meeting Date: DEC 14, 2005 Meeting Type: Special Record Date: DEC 8, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Transaction with Inter Gamma For Did Not Management Investment C. Limited Vote - -------------------------------------------------------------------------------- RAPAC ELECTRONICS LTD Ticker: Security ID: M8196S101 Meeting Date: JAN 2, 2006 Meeting Type: Annual Record Date: DEC 26, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Re-appoint 3 Directors, the External For Did Not Management Directors Will Continue in Office by Vote Provision of Law 3 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote 4 Approve the Dividend in the Amount of NIS For Did Not Management 5,704,988 Vote - -------------------------------------------------------------------------------- RAPAC TECHNOLOGIES 2000 LTD Ticker: Security ID: M8198A108 Meeting Date: JAN 2, 2006 Meeting Type: Annual Record Date: DEC 26, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports (Voting) Vote 2 Re-appoint 4 Directors, the External For Did Not Management Directors Will Continue in Office by Vote Provision of Law 3 Approve Auditors and Authorize Board to For Did Not Management Fix Their Remuneration Vote 4 Approve Final Dividend of NIS 5,704,988 For Did Not Management Vote - -------------------------------------------------------------------------------- SUPER-SOL LTD Ticker: Security ID: M8710D119 Meeting Date: APR 11, 2006 Meeting Type: Annual Record Date: MAR 28, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and Statutory For Did Not Management Reports for the year 2005 Vote 2 Re-Appointment of Three Directors For Did Not Management Vote 3 Approve Auditors and Receipt of their For Did Not Management Remuneration in the previous year Vote 4 Amend Management Agreement to increase For Did Not Management fee by NIS 20,000 Vote - -------------------------------------------------------------------------------- TELSYS LTD ELECTRONIC ENGINEERING TEL AVIV Ticker: Security ID: M8763K101 Meeting Date: JUN 21, 2006 Meeting Type: Annual Record Date: JUN 14, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Present Financial Statements and For For Management Directors' Report for Year Ended Dec. 31, 2005 2 Elect A. Rashef, T. Yeguda, T. Rashef, A. For For Management Yeguda, M. Rokeach, and I. Gizundhaight as Directors 3 Approve Hatis, Greenbaum, and Shoti as For For Management Auditors and Authorize Board to Fix Their Remuneration - -------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDUSTRIES Ticker: TEVA Security ID: 881624209 Meeting Date: JUL 27, 2005 Meeting Type: Annual Record Date: JUN 20, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 TO RECEIVE AND DISCUSS THE COMPANY S For For Management CONSOLIDATED BALANCE SHEET AND THE CONSOLIDATED STATEMENTS OF INCOME 2 TO APPROVE THE BOARD OF DIRECTORS For For Management RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2004 3 TO APPOINT DR. LEORA (RUBIN) MERIDOR AS A For For Management STATUTORY INDEPENDENT DIRECTOR FOR AN ADDITIONAL TERM OF THREE YEARS 4 TO ELECT ELI HURVITZ TO SERVE FOR AN For For Management ADDITIONAL THREE-YEAR TERM 5 TO ELECT RUTH CHESHIN TO SERVE FOR AN For For Management ADDITIONAL THREE-YEAR TERM 6 TO ELECT PROF. MICHAEL SELA TO SERVE FOR For For Management AN ADDITIONAL THREE-YEAR TERM 7 TO ELECT HAROLD SNYDER TO SERVE FOR AN For For Management ADDITIONAL THREE-YEAR TERM 8 TO APPROVE THE PURCHASE OF DIRECTOR S AND For Against Management OFFICER S LIABILITY INSURANCE FOR THE DIRECTORS AND OFFICERS OF THE COMPANY 9 TO APPROVE THE COMPANY S 2005 OMNIBUS For Against Management LONG-TERM SHARE INCENTIVE PLAN 10 TO APPROVE AN AMENDMENT TO PROVISIONS OF For For Management THE COMPANY S ARTICLES RELATING TO THE INDEMNIFICATION OF DIRECTORS AND OFFICERS 11 TO APPROVE AN AMENDMENT TO THE COMPANY S For For Management ARTICLES THAT WOULD INCREASE THE REGISTERED SHARE CAPITAL OF THE COMPANY 12 TO APPOINT KESSELMAN & KESSELMAN, A For For Management MEMBER OF PRICEWATERHOUSECOOPERS INTERNATIONAL LTD., AS THE COMPANY S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND TO DETERMINE THEIR COMPENSATION - -------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDUSTRIES Ticker: TEVA Security ID: 881624209 Meeting Date: MAY 4, 2006 Meeting Type: Annual Record Date: MAR 27, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 TO RECEIVE AND DISCUSS THE COMPANY S For For Management CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2005 AND THE CONSOLIDATED STATEMENTS OF INCOME FOR THE YEAR THEN ENDED. 2 TO APPROVE THE BOARD OF DIRECTORS For For Management RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2005 BE DECLARED FINAL. 3 TO APPOINT PROF. GABRIELA SHALEV AS A For For Management STATUTORY INDEPENDENT DIRECTOR FOR AN ADDITIONAL TERM OF THREE YEARS. 4 TO ELECT THE FOLLOWING DIRECTOR TO SERVE For For Management FOR A THREE-YEAR TERM: DR. PHILLIP FROST 5 TO ELECT THE FOLLOWING DIRECTOR TO SERVE For For Management FOR A THREE-YEAR TERM: CARLO SALVI 6 TO ELECT THE FOLLOWING DIRECTOR TO SERVE For For Management FOR A THREE-YEAR TERM: DAVID SHAMIR 7 TO APPROVE THE PURCHASE OF DIRECTOR S AND For Against Management OFFICER S LIABILITY INSURANCE FOR THE DIRECTORS AND OFFICERS OF THE COMPANY. 8 TO APPROVE AN AMENDMENT TO SECTION 60(E) For For Management OF THE COMPANY S ARTICLES OF ASSOCIATION. 9 TO APPROVE AN INCREASE IN THE For For Management REMUNERATION PAID TO THE DIRECTORS OF THE COMPANY (OTHER THAN THE CHAIRMAN OF THE BOARD). 10 TO APPOINT KESSELMAN & KESSELMAN, AS THE For For Management INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND DETERMINE THEIR COMPENSATION. - -------------------------------------------------------------------------------- TEVA PHARMACEUTICAL INDUSTRIES Ticker: TEVA Security ID: 881624209 Meeting Date: OCT 27, 2005 Meeting Type: Special Record Date: SEP 22, 2005 # Proposal Mgt Rec Vote Cast Sponsor 1 TO APPROVE THE ISSUANCE OF ORDINARY For For Management SHARES OF TEVA, PURSUANT TO THE AGREEMENT AND PLAN OF MERGER, DATED JULY 25, 2005, BY AND AMONG IVAX CORPORATION, TEVA AND TWO WHOLLY OWNED SUBSIDIARIES OF TEVA, IVORY ACQUISITION SUB, INC. AND IVORY ACQUISITION SUB II SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized. The First Israel Fund, Inc. By: /s/ Steven Plump ---------------------------- Steven Plump Chief Executive Officer Date: August 25, 2006 -----END PRIVACY-ENHANCED MESSAGE-----