Source - PRN

BSD Crown Ltd. (LSE: BSD)

(the “Company”)

Company update in relation to Israel 18  

Ramat Gan, Israel, 30 September 2016

The Company hereby announces that Israel 18 B.V ("Israel 18") notified the Company that Israel 18, a company controlled by Mr. Gregory Gurtovoy, and Ta'aman Food Marketing Ltd have signed a memorandum Of understanding ("MoU") to set up a 50:50 joint venture for joint control over BGI Investments (1961) Ltd. ("BGI"), the Company’s controlling shareholder, and its subsidiaries. The MoU and joint venture arrangements are subject to the Israeli Anti-Trust approval.

The Company will update in due course once negotiations have been progressed.


Gregory Gurtovoy, chairman of the board: [email protected]