Optibase Ltd. Announces Listing of Its Ordinary Shares on the Tel Aviv Stock Exchange in Connection with a Potential Public Debt Offering in Israel

Optibase Ltd.

("Optibase" or the "Company") announces that it has published today a Listing Document in Israel for the listing of all of its ordinary shares on the Tel Aviv Stock Exchange ("TASE"). The Company's ordinary shares may begin trading on the TASE as of April 29, 2015. The Company has published such Listing Document in connection with a potential public debt offering of the Company in Israel. The dual-listing of the Company's ordinary shares on the TASE allows the Company to enjoy certain relieves in connection with the reporting obligations in Israel both with respect to the Company's prospectus for the debt offering and with the Company's ongoing reporting obligations following the debt offering (if, and to the extent, it is completed). No final decision on an offering (or any terms thereof) has been made and any offering is subject to the receipt of the Company's Board of Directors' approval, receipt of an approval from the TASE for the prospectus that may be published in Israel and receipt of a permit from the Israel Securities Authority for the Company's prospectus. The securities, if offered, will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.