As Agent Bank, please be advised of the following rate determined            on: 21-Oct-2008
 Issue                                 � Leumi Intermational Investments - Series 5
                                       USD 100,000,000.00 (MTN) FRN Due 23-Apr-2011
 ISIN Number                           � XS0127380219
 Common Code / 144A ISIN               � 127380219
 Issue Nomin USD                       � 100,000,000.00
 Period                                � 23-Oct-2008 to 23-Apr-2009              Payment Date 23-Apr-2009
 Number of Days                        � 182
 Rate                                  � 4.4                         Pool Factor: 0.75
 Denomination USD                      � 7,500.00              �                                    �
                                                                                                         
 Amount Payable per Denomination       � 164.38                �                                    �
                                                                                                         
 Bank of New York
 Rate Fix Desk                                                 Telephone         � 44 1202 689580
 Corporate Trust Services                                      Facsimile         � 44 1202 689601
    
    


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