Article: Hadera Paper Ltd. Contemplated Public Offering in Israel of Two New Series of Debentures.

Hadera Paper Ltd. (formerly, American Israeli Paper Mills Ltd.)

(AMEX:AIP) filed with the Israeli Securities Authority a report with respect to a contemplated public offering in Israel pursuant to the shelf prospectus published by the company in Israel on May 26, 2008 of two new series of debentures (see also Hadera Paper Ltd).

The interest rates of series 3 debentures and series 4 debentures shall be determined at an auction, which in any case shall not exceed 4.70% and 7.45%, respectively.

On July 6, 2008, the company announced that Maalot - Israeli Securities Rating company Ltd., an affiliate of Standard and Poor's, assigned the company's ...

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