81AQ Hsbc Bk.23

    


Hapoalim International N.V.


Re:  HAPOALIM INTERNATIONAL N.V.
     USD 390,000.00
     MATURING: 14-Feb-2011
     ISIN: XS0184981891

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
12-May-2008 TO 12-Aug-2008 HAS BEEN FIXED AT 3.415630 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 12-Aug-2008 WILL AMOUNT TO:
USD 3,404.24 PER USD 390,000.00 DENOMINATION

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