General Meeting decisions

RNS Number:3913Q
Technoplast Industries Ld
01 October 2003

                                                     R. YOHAY & CO., LAW OFFICES

                                    TOP TOWER, 50, DIZENGOFF ST., TEL AVIV 64332        
            FAX: [phone]   e-mail: [e-mail]     TEL:  [phone]

                                                                    ROBERT YOHAY
                                                                      GILL RIMON
                                                              EYNAT BRETSHNAIDER

Tel Aviv, 30 September 2003

The London Stock Exchange
Company Announcements Section
Fax: [phone]

Dear Sir,


            RE:       Technoplast Industries Ltd - Immediate report


Technoplast Industries Ltd. (hereinafter: "the Company") has announced to the
Tel Aviv Stock Exchange and to the Israeli Securities Authority, as an immediate
report, that On 30 September 2003 the Company's Extraordinary General Meeting
was duly convened and duly resolved to approve all the resolutions on the
general meeting's agenda as follows:


1.  The Company's general meeting approved the resolution to increase the
Company's registered capital by 315,000,000 NIS. by creating 315,000,000
additional ordinary shares of 1 NIS. nominal value each


    The results of the vote were as follows:

    Holders of 20,007,662.2 of the Company's shares voted in
    favour of the resolution.

    Holders of 250,609 of the Company's shares voted against
    the resolution.

    Holders of 1,512 of the Company's shares abstained.


2.  The Company's general meeting approved the resolution to convert of
all of the Company's ordinary shares, including the shares of the above capital
increase, into ordinary shares with no nominal values.

    The results of the vote were as follows:

    Holders of 20,007,662.2 of the Company's shares voted in
    favour of the resolution.

    Holders of 250,609 of the Company's shares voted against
    the resolution.

    Holders of 1,512 of the Company's shares abstained.


3.  The Company's general meeting approved the resolution to appoint Mrs.
Bilha Sova as an outside director.

    The results of the vote were as follows:

    Holders of 10,285,583.9 of the Company's shares voted in
    favour of the resolution.

    Holders of 250,609 of the Company's shares voted against
    the resolution.

    Holders of 1,512 of the Company's shares abstained.

                                Yours Sincerely,

                                Gill Rimon, Adv.
                          R. Yohay & Co., Law Offices

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