The Board of Directors of Bank Hapoalim B.M. (TASE:POLI) authorized a share repurchase program on March 28, 2012. Under the program, the company will repurchase up to 498,850 ordinary shares for NIS 2.08 million. The price to be paid for each share, at the time of a specific purchase during the period of the Plan, shall not exceed 125% of the price per share derived from the equity capital of the Bank in accordance with its most recent financial. The shares to be purchased will become dormant shares, as defined in the company's law. The purchases shall be carried out from time to time, by means of transactions on the stock exchange by a member of the stock exchange engaged by the Bank for such purpose, and at the absolute discretion of the stock exchange Member. The total of purchase transactions on any one day shall not exceed 5% of the overall quantity. The share repurchase program will commence on April 3, 2012, and will commence on January 24, 2013.

Bank Hapoalim B.M.'s share repurchase program expired on January 24, 2013.