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Alon Blue Square Announces Grant by Court of Temporary Stay of Legal Proceedings vs Mega Retail


Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company") announced today that in furtherance of the filing by its subsidiary, Mega Retail, of a voluntary request with the District Court in Lod, Israel for a stay of proceedings, the court granted a temporary stay of legal proceedings against Mega Retail until otherwise decided by the court.  The court set a hearing for tomorrow morning Israel time to discuss the application by Mega Retail.

Alon Blue Square Israel Ltd. (hereinafter: "Alon Blue Square") operates in five reportable operating segments and is the largest retail company in the State of Israel. In the Fueling and Commercial Sites segment, Alon Blue Square through its 63.13% subsidiary, which is listed on the Tel Aviv stock exchange ("TASE"), Dor Alon Energy in Israel (1988) Ltd. is one of the four largest fuel retail companies in Israel based on the number of petrol stations and a leader in the field of convenience stores operating a chain of 211 petrol stations and 220 convenience stores in different formats in Israel. In its supermarket segment, Alon Blue Square, as a pioneer in the modern food retail, through its subsidiary, Mega Retail Ltd., currently operates

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