Ellomay Capital Receives Approval for Listing on NYSE Amex

Ellomay Capital Ltd. (EMYCF) today announced that it has received notification that its ordinary shares have been approved for listing on the NYSE Amex stock exchange and has chosen Knight Capital Americas, L.P. as its designated market maker. Ellomay expects its ordinary shares to begin trading on the NYSE Amex under the trading symbol "ELLO" on August 22, 2011. Ellomay's ordinary shares will continue to trade on the OTCQB under its current symbol, "EMYCF," until such date. "Our listing on the NYSE Amex marks a significant milestone in our corporate strategic plan," said Shlomo Nehama, Chairman of Ellomay. "Since our first investment in the photovoltaic industry in Italy in March 2010, we continued to build and develop our portfolio in the field of renewable and clean energy, which now includes several additional Italian photovoltaic plants, a stake in the Israeli Dorad power plant and contracts to acquire rights in several gas and oil exploration licenses in the Mediterranean sea. We believe that this move to the NYSE Amex is in the best interests of our shareholders and expect that it will result in increased visibility with current and potential investors and additional liquidity in the capital markets for our ordinary shares."