Result of Board Meeting

RNS Number:3953J
Technoplast Industries Ld
30 March 2003

Tel Aviv, 24 March 2003

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

Dear Sir,

            RE:       Technoplast Industries Ltd - Immediate report

Technoplast Industries Ltd. (hereinafter "Technoplast" or "the Company")
announced, to the Israel Securities Authority (ISA) and to the Tel Aviv Stock
Exchange (TASE), as an immediate report, that Technoplast's Board of Directors
has resolved, on 20 March 2003, the following:

I.          To convene an extraordinary general meeting of Technoplast's
shareholders on Tuesday 15 April 2003 at 9:30 a.m., in R. Yohay & Co.'s Law
offices at Top Tower, 50 Dizengoff St., Tel Aviv, Israel.

            Agenda:

            1.         Increasing Technoplast's registered capital by
100,000,000 NIS. by creating 100,000,000 additional ordinary shares of 1 NIS.
nominal value each so that subsequent to the increase of capital Technoplast's
registered capital shall be 135,000,000 NIS., and shall be divided into
135,000,000 ordinary shares of 1 NIS. nominal value each.

II.        Entitled to participate and vote in the above extraordinary general
meeting are persons who are shareholders of the Company as at the close of
business on 9 April 2003. Any shareholder who wishes to participate and vote in
the above extraordinary general meeting shall be required to furnish
Technoplast, prior to the convening of the above extraordinary general meeting,
written confirmation giving evidence to such shareholders' ownership of
Technoplast's shares as at 9 April 2003.

III.       A draft of the resolutions proposed in the above mentioned items will
be available for inspection by Technoplast's shareholders at R.Yohay & Co.'s,
Law offices at Top Tower,   50 Dizengoff St., Tel Aviv (Tel: [phone]) in
every business day at the regular business hours during the 7 days preceding the
convening of the general meeting.

IV.       To recommend that the general meeting of Technoplast's shareholders
approve the above resolution.

                                    Yours Sincerely,


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




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
ROMSDSFSSSDSEID