Hadera Paper Ltd. Israeli Institutional Investors Pre-Offer Undertakings
Hadera Paper Ltd. (the “Company”, formerly, American Israeli Paper Mills Ltd.) (AMEX:AIP) held on July 10, 2008, an auction for Israeli institutional investors, as part of the contemplated public offering in Israel of two new series of debentures pursuant to the shelf prospectus published by the Company in Israel on May 26, 2008.