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<SEC-DOCUMENT>0001178913-07-002045.txt : 20070925
<SEC-HEADER>0001178913-07-002045.hdr.sgml : 20070925
<ACCEPTANCE-DATETIME>20070925082544
ACCESSION NUMBER:		0001178913-07-002045
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070925
FILED AS OF DATE:		20070925
DATE AS OF CHANGE:		20070925

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BOS BETTER ONLINE SOLUTIONS LTD
		CENTRAL INDEX KEY:			0001005516
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER COMMUNICATIONS EQUIPMENT [3576]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14184
		FILM NUMBER:		071132894

	BUSINESS ADDRESS:	
		STREET 1:		20 FREIMAN STREET
		CITY:			RISHON LEZION
		STATE:			L3
		ZIP:			75100
		BUSINESS PHONE:		011-972-3-954-1000

	MAIL ADDRESS:	
		STREET 1:		20 FREIMAN STREET
		CITY:			RISHON LEZION
		STATE:			L3
		ZIP:			75100
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk74253.htm
<TEXT>
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        \\backup\office\EDGAR Filing\BOS better online solutions Ltd\74253\a74253.eep -->
     <!-- Control Number: 74253                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    BOS better online solutions Ltd                                  -->
     <!-- Project Name:   6-K                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>6-K</TITLE>
</HEAD>
<BODY>

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<HR ALIGN=LEFT WIDTH=100% SIZE=4 NOSHADE STYLE="margin-top: -5px">
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<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>FORM
6 &#150; K</B> </FONT> </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>SECURITIES AND EXCHANGE
COMMISSION</B> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Washington, D.C. 20549 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Report of Foreign Issuer </FONT></P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Rule 13a - 16 or 15d -16
<BR>of the Securities Exchange Act of 1934</FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For the Month of
September 2007 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><U><B>B.O.S. Better Online
Solutions Ltd.</B></U> </FONT> <BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Translation of
Registrant&#146;s Name into English) </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Center Underline-TNR" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>20 Freiman Street,
Rishon LeZion, 75100, Israel  </U><BR>
(Address of Principal
Corporate Offices) </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form 20-F <FONT size="3" face="Wingdings">x
</font>
               Form 40-F <FONT size="3" face="Wingdings">o
</font></FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark if the
 registrant is submitting  the Form 6-K in paper as permitted by Regulation  S-T Rule
101(b)(1): ___________ </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark if the
 registrant is submitting  the Form 6-K in paper as permitted by Regulation  S-T Rule
101(b)(7): ___________ </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the registrant
by furnishing the information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Yes <FONT size="3" face="Wingdings">o
</font>
                               No <FONT size="3" face="Wingdings">x
</font></FONT></P>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">If &#147;Yes&#148; is marked,
indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <U>N/A</U> </FONT></P>

<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THIS FORM 6-K IS HEREBY INCORPORATED
BY REFERENCE INTO THE REGISTRANT&#146;S REGISTRATION STATEMENTS ON FORM F-3 (NO.
333-130048) AND FORM S-8 (NOS. 333-136957, 333-110696, 333-100971 AND 333-11650), AND TO
BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT
SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Attached hereto and incorporated by
reference herein is the Registrant&#146;s notice of meeting and proxy statement for the
special general meeting of shareholders to be held on November 7, 2007. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Signature </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned, thereunto duly authorized. </FONT></P>


<!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Workstation" -->
<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B.O.S. Better Online Solutions Ltd.<BR>(Registrant)<BR><BR>
<BR>By: /s/ Shmuel Koren<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Shmuel Koren<BR>President and CEO</FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: September 25, 2007 </FONT></P>


<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B.O.S Better Online
Solutions Ltd. <BR>
20 Freiman Street <BR>
Rishon Le Zion 75101 <BR>
Israel </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NOTICE OF SPECIAL
GENERAL MEETING OF SHAREHOLDERS </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To Be Held on November
7, 2007 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left-TNR" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
our Shareholders:</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
are invited to attend a Special Meeting of Shareholders of B.O.S Better Online Solutions
Ltd. (the &#147;Company&#148;) to be held in Israel at the Company&#146;s offices at 20
Freiman Street, Rishon Le Zion, Israel, on November 7, 2007 at 10:00 a.m. local time, and
thereafter as it may be adjourned from time to time (the &#147;Meeting&#148;) for the
following purposes: </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
approve the raise of equity by the Company by way of a private  placement  and to
 authorize          the Company's Board of Directors to negotiate and finalize its terms.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
approve the Active Chairman  Agreement  between the Company and Mr. Edouard  Cukierman,
 the          Company's Chairman of the Board.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
transact  such other  business as may properly  come before the Meeting or any
 adjournments          thereof.</FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the Company&#146;s Articles of Association, the Board of Directors has fixed the close
of business on October 1, 2007 as the date for determining the holders of record of
Ordinary Shares entitled to notice of and to vote at the Meeting and any adjournments
thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
the proposals are ordinary resolutions, which require the affirmative vote of a majority
of the Ordinary Shares of the Company voted in person or by proxy at the Meeting on the
matter presented for passage. The votes of all shareholders voting on the matter will be
counted. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors believes that the shareholders of the Company should be represented as
fully as possible at the Meeting and encourages your attendance. Whether or not you plan
to be present kindly complete, date and sign the enclosed proxy exactly as your name
appears on the envelope containing this Notice of Special General Meeting and mail it
promptly so that your votes can be recorded. No postage is required if mailed in the
United States. Return of your proxy does not deprive you of your right to attend the
Meeting, to revoke the proxy or to vote your shares in person. All proxy instruments and
powers of attorney must be delivered to the Company no later than 48 hours prior to the
Meeting. The Company&#146;s Proxy Statement is furnished herewith. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint
holders of Ordinary Shares should take note that, pursuant to Article 14.13 of the
Articles of Association of the Company, the vote of the senior of joint holders of any
share who tenders a vote, whether in person or by proxy, will be accepted to the exclusion
of the vote(s) of the other joint holder(s) of the share, and for this purpose seniority
will be determined by the order in which the names stand in the shareholders&#146;
register. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By Order of the Board of
Directors, </FONT></P>







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<TR VALIGN=TOP>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Edouard Cukierman                 <BR>
Chairman of the Board of Directors
</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shmuel Koren<BR>
President and Chief Executive Officer
</FONT></TD>
</TR>
</TABLE>
<BR>


<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Workstation" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>September 2007 </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>YOUR VOTE IS IMPORTANT. WHETHER OR
NOT YOU EXPECT TO ATTEND THE MEETING, PLEASE DATE AND SIGN THE PROXY AND RETURN IT
PROMPTLY IN THE ENCLOSED ENVELOPE FOR WHICH NO POSTAGE IS REQUIRED IF MAILED IN THE UNITED
STATES. YOU CAN LATER REVOKE YOUR PROXY, ATTEND THE MEETING AND VOTE YOUR SHARES IN
PERSON. ALL PROXY INSTRUMENTS AND POWERS OF ATTORNEY MUST BE DELIVERED TO THE
COMPANY&#146;S CORPORATE OFFICE NO LATER THAN 48 HOURS PRIOR TO THE MEETING.</B> </FONT></P>

<p align=center>
<font size=2>1</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>B.O.S Better Online
Solutions Ltd. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20 Freiman Street <BR>
Rishon Le Zion 75101 <BR>
Israel </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SPECIAL GENERAL
MEETING OF SHAREHOLDERS </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To be held on November
7, 2007 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PROXY STATEMENT </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Proxy Statement is furnished to the holders of Ordinary Shares, NIS 4.00 nominal value
(the &#147;Ordinary Shares&#148;), of B.O.S Better Online Solutions Ltd. (&#147;BOS&#148;
or the &#147;Company&#148;) in connection with the solicitation of proxies to be voted at
the Special Meeting of Shareholders of the Company (the &#147;Meeting&#148;) to be held in
Israel at the Company&#146;s offices at 20 Freiman Street, Rishon Le Zion, on November 7,
2007 at 10:00 a.m. local time, and thereafter as it may be adjourned from time to time. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Meeting, shareholders of the Company will be asked to vote upon the following matters: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
approve the raise of equity by the Company,  by way of a private  placement and to
authorize          the Company's Board of Directors to negotiate and finalize its terms.</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Lv 0-TNR" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2.  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
approve the Active Chairman  Agreement  between the Company and Mr. Edouard  Cukierman,
 the          Company's Chairman of the Board.</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang Lv 0-TNR" FSL="Workstation" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3.  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
transact  such other  business as may properly  come before the Meeting or any
 adjournments          thereof.</FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
form of proxy for use at the Meeting and a return envelope for the proxy are also
enclosed. By appointing &#147;proxies,&#148; shareholders may vote their Ordinary Shares
at the Meeting whether or not they attend. Upon the receipt of a properly signed and dated
proxy in the form enclosed, the persons named as proxies therein will vote the Ordinary
Shares represented thereby in accordance with the instructions of the shareholder
indicated thereon, or, if no direction is indicated, in accordance with the
recommendations of the Board of Directors of the Company. The Company knows of no other
matters to be submitted at the Meeting other than as specified in the Notice of Special
General Meeting of Shareholders enclosed with this Proxy Statement. If any other business
is properly brought before the Meeting, however, it is the intention of the persons named
as proxies to vote in respect thereof in accordance with their best judgment. Shares
represented by executed and unrevoked proxies will be voted. Beneficial owners who hold
their shares through members of the Tel Aviv Stock Exchange (&#147;TASE&#148;) may either
vote their shares in person at the Meeting by presenting a certificate signed by a member
of the TASE which complies with the Israeli Companies Regulations (Proof of Ownership for
Voting in General Meeting), 2000 as proof of ownership of the shares, or send such
certificate along with a duly executed proxy to the Company at 20 Freiman Street, Rishon
Le Zion, 75101 Israel, Attention: Mr. Eyal Cohen. On all matters considered at the
Meeting, abstentions and broker non-votes will not be treated as either a vote
&#147;for&#148; or &#147;against&#148; the matter, although they will be counted to
determine if a quorum is present. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
proxy solicited hereby may be revoked at any time prior to its exercise by means of a
written notice delivered to the Company at its mailing address, which is, in Israel, 20
Freiman Street, Rishon Le Zion, 75101 Israel or in the United States, c/o American Stock Transfer
&amp; Trust Company, 59 Maiden Lane &#150; Plaza Entrance, New York, New York 10038, USA,
by the substitution of a new proxy bearing a later date or by a request for the return of
the proxy at the Meeting. All proxy instruments and powers of attorney must be delivered
to the Company no later than 48 hours prior to the Meeting. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company expects to mail this Proxy Statement and the enclosed form of proxy to
shareholders on or about October 4, 2007. All expenses of this solicitation will be borne
by the Company. In addition to the solicitation of proxies by mail, directors, officers
and employees of the Company, without receiving additional compensation therefore, may
solicit proxies by telephone, telegraph, in person or by other means. Brokerage firms,
nominees, fiduciaries and other custodians have been requested to forward proxy
solicitation materials to the beneficial owners of Ordinary Shares of the Company held of
record by such persons, and the Company will reimburse such brokerage firms, nominees,
fiduciaries and other custodians for reasonable out-of-pocket expenses incurred by them in
connection therewith. </FONT></P>

<p align=center>
<font size=2>2</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Shareholders
Entitled to Vote</B>. Only holders of record of Ordinary Shares at the close of business
on October 1, 2007 are entitled to notice of and to vote at the Meeting. The Company had
9,609,911 Ordinary Shares issued and outstanding on September 18, 2007, each of which is
entitled to one vote on each matter to be voted on at the Meeting. The Articles of
Association of the Company do not provide for cumulative voting for the election of the
directors or for any other purpose. The presence, in person or by proxy, of at least two
shareholders holding at least 33<SUP>1</SUP>/<SUB>3</SUB>% of the voting rights, will constitute a quorum
at the Meeting. </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Votes
Required</B>. All the proposals are ordinary resolutions, which require the affirmative
vote of a majority of the Ordinary Shares of the Company voted in person or by proxy at
the Meeting on the matter presented for passage. The votes of all shareholders voting on
the matter will be counted. </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>I.</B> </FONT> </TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>PRINCIPAL
SHAREHOLDERS</B></U> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth, as of September 18, 2007, information to the best of the
Company&#146;s knowledge, as to each person known to the Company to be the beneficial
owner of more than five percent (5%) of the Company&#146;s outstanding Ordinary Shares and
as to all directors and officers of the Company as a group. Except where indicated, to the
best of the Company&#146;s knowledge based on information provided by the owners, the
beneficial owners of the Ordinary Shares listed below have sole investment and voting
power with respect to those shares. Applicable percentage ownership in the following table
is based on 9,609,911 shares outstanding as of September 18, 2007. </FONT></P>






<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=6><FONT FACE="Times New Roman" SIZE=1>Shares Beneficially Owned</FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN="3" ALIGN="Left"><FONT FACE="Times New Roman" SIZE=1>Name and Address</FONT><HR WIDTH="95%" SIZE="1" COLOR="Black" ALIGN="Left"></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>Number</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>Percent</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#cceeff">
     <TD WIDTH="69%" ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>Catalyst Fund, L.P.(1)(2)</FONT></TD>
     <TD WIDTH="1%" ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="4%" ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
        <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD WIDTH="10%" ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
        <TD WIDTH="2%" ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#cceeff">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>3 Daniel Frisch Street,<BR>
Tel-Aviv 64731, Israel</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>1,675,465</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>17.43</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>SITA SA</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>27 Route de GY,</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>1252 Meinier, Geneva</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Switzerland</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>878,670</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>9.14</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM" BGCOLOR="#cceeff">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>D.S Apex Holdings Ltd. (3)<BR>
2 Kaufman Street,<BR>
Tel-Aviv 68012, Israel</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>752,979</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN="RIGHT"><FONT FACE="Times New Roman" SIZE=2>7.84</FONT></TD>
        <TD ALIGN="LEFT"><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Officers and directors as a group (4)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>101,090</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman" SIZE=2>1.05</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>%</FONT></TD></TR>
<TR>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=3></TD>
     <TD COLSPAN=3></TD></TR>
</TABLE>



<BR>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)
          &#147;Catalyst Fund&#148; refers collectively to Catalyst Fund L.P., Catalyst
          Fund II L.P. and Catalyst Fund III, L.P., all of which are limited partnerships
          organized and existing under the laws of the State of Israel, and which share
          the same general partner, Catalyst Investments L.P. Mr. Edouard Cukierman, the
          Chairman of the Company&#146;s Board of Directors, may be deemed to have sole
          voting and dispositive power with respect to the shares held by Catalyst Fund. Mr.
          Cukierman disclaims beneficial ownership in such shares, except to the extent of
          his proportionate interest in them as an indirect shareholder in the general
          partner of Catalyst Fund. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)
          Does not include 207,000 warrants to purchase Ordinary Shares of the Company. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)
          Refers to the holdings of D.S Apex Holdings Ltd. and its subsidiaries. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4)
          Does not include 1,151,737 options to purchase Ordinary Shares of the Company
          granted and currently held by Officers and/or Directors of the Company. Does not
          include 65,217 options of Brada Investments Limited, a shareholder of the
          Company owned by a discretionary trust of which Mr. Joel Adler, a director of
          the Company, is one of the beneficiaries. </FONT></P>

<p align=center>
<font size=2>3</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>II.</B> </FONT> </TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><U>RESOLUTIONS</U></B></FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>1.</B> </FONT> </TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>PRIVATE
PLACEMENT</B></FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit
Committee and the Board of Directors have resolved, subject to shareholder approval, to
approve: (i) the raise by the Company of equity in the amount of no less than $5,000,000
and no more than $8,000,000 by way of a private placement of Ordinary Shares and of
warrants, to take place and close no later than June 30, 2008; (ii) the payment of
placement fees amounting to up to 6% of the offering in connection with such private
placement; and (iii) the undertaking by the Company to file a registration statement
covering the resale of the securities to be issued in the private placement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
price per share of the Ordinary Shares shall be the average trading price of the
Company&#146;s ordinary shares on the Nasdaq Global Market in the 20 days prior to the
date of shareholders approval plus a premium of up to 10% (the &#147;<B>PPS</B>&#148;).
The warrants to be issued shall amount to up to 70% of the number of Ordinary Shares
offered (i.e. 70% warrant coverage) and shall be exercisable for 4 years from grant at an
exercise price per ordinary share equal to the PPS plus 18%. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since
certain affiliates of the Company&#146;s directors may participate in the private
placement and/or receive placement fees in connection therewith, then pursuant to the
Israeli Companies Law the private placement was approved by the Company&#146;s Audit
Committee prior to the approval by the Company&#146;s Board of Directors. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
this time the Company does not have clear indications of interest from potential investors
and shareholders approval is sought in advance. The affirmative vote of a majority of the
Ordinary Shares represented at the meeting in person or by proxy and voting thereon is
required in order to approve the private placement. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Meeting, the Board of Directors will propose that the following resolution be adopted: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;<B>RESOLVED</B>, to approve the
raise of equity by the Company by way of a private placement, under the abovementioned
terms and conditions, as recommended by the Board of Directors, and to authorize the Board
of Directors to negotiate and finalize its terms.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the receipt of a properly signed and dated proxy and unless otherwise instructed in the
proxy, the persons named in the enclosed proxy will vote the shares represented thereby
FOR the above-mentioned proposal. </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>2.</B> </FONT> </TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ACTIVE
CHAIRMAN AGREEMENT WITH EDOUARD CUKIERMAN</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has entered into an Active Chairman Agreement with Edouard Cukierman
(&#147;<B>Cukierman</B>&#148;), pursuant to which, subject to shareholders approval, Cukierman
shall be granted options (the &#147;<B>Options</B>&#148;) to purchase up to 100,000
Ordinary Shares of the Company per each calendar year of service as the Company&#146;s
Chairman of the Board of Directors (the &#147;<B>Service</B>&#148;) in the years 2007-2010
(pro-rated for any part of the Calendar year). The Options shall be in lieu of any
compensation, fees or options otherwise payable by the Company to Cukierman as a director. </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Options shall vest on a quarterly basis. The exercise price of the Options shall be equal
to the weighted average of the closing prices of the Company&#146;s Ordinary Shares on the
Nasdaq Global Market during the thirty-day period preceding the shareholders approval.
Unexercised Options shall expire after five years from their respective grant date. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the Agreement, if the Service is terminated by the Company for no Cause (as defined in
the Agreement) then: (i) any unvested Options shall be immediately vested in full as of
the date of the termination; (ii) the Company shall grant Cukierman such number of Options
amounting, together with Options previously granted, to 400,000 Options, and such
additional options shall be vested upon grant; and (iii) the Options shall be exercisable
for a period of twenty four (24) months from termination. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Service is terminated by Cukierman in circumstances not involving Cause, his vested
options shall be exercisable for six (6) months from the date of said termination. </FONT></P>

<p align=center>
<font size=2>4</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Service is terminated for Cause, then all Options granted to Cukierman pursuant to the
Agreement shall expire at termination. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since
Mr. Edouard Cukierman is a director of the Company, then pursuant to the Israeli Companies
Law the Active Chairman Agreement was approved by the Company&#146;s Audit Committee prior
to the approval by the Company&#146;s Board of Directors. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the Meeting, the Board of Directors will propose that the following resolution be adopted: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#147;<B>RESOLVED, </B>to
approve&nbsp;the Active Chairman Agreement between the Company and Mr. Edouard Cukierman,
the Company&#146;s Chairman of the Board&#148;. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
the receipt of a properly signed and dated proxy and unless otherwise instructed in the
proxy, the persons named in the enclosed proxy will vote the shares represented thereby
FOR the above-mentioned proposal. </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>3.</B> </FONT> </TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>OTHER
BUSINESS</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Meeting is called for the purposes set forth in the Notice accompanying this Proxy
Statement. As of the date of the Notice, the Board of Directors knows of no business which
will be presented for consideration at the Meeting other than the foregoing matters. If
other matters not now known properly come before the Meeting, however, it is intended that
the persons named as proxies or their substitutes will vote the Ordinary Shares in
accordance with their best judgment with respect to such matters. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>By Order of the Board of
Directors, </FONT></P>






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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Edouard Cukierman                 <BR>
Chairman of the Board of Directors
</FONT></TD>
<TD WIDTH="50%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Shmuel Koren<BR>
President and Chief Executive Officer
</FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>September 2007 </FONT></P>


<p align=center>
<font size=2>5</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>B.O.S. BETTER ONLINE SOLUTIONS LTD.
<BR>THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS
<BR>FOR THE SPECIAL GENERAL MEETING TO BE HELD ON NOVEMBER 7, 2007</B> </FONT></P>






<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The undersigned, revoking previous
proxies, hereby appoint(s) Edouard Cukierman and Shmuel Koren, or any one of them,
proxies, with full power of substitution, to act for and in the name of the undersigned to
vote all ordinary shares of B.O.S. Better Online Solutions Ltd. which the undersigned is
entitled to vote at the Special General Meeting of Shareholders of the Company which will
be held in Israel at the offices of the Company, at 20 Freiman Street, Rishon LeZion,
Israel, on November 7, 2007 at 10 a.m. (local time) and at any adjournments thereof, for
the purposes described in the accompanying Notice of the Meeting and Proxy Statement, for
which receipt is hereby acknowledged.
</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Upon being returned, signed and
dated, all shares represented by this Proxy will be voted as indicated by the shareholder
below. IN THE ABSENCE OF SUCH INDICATION, THIS PROXY WILL BE VOTED &#147;FOR&#148; EACH OF
THE MATTERS SET FORTH ON THE REVERSE SIDE. As to any other matter, said proxies shall vote
in accordance with their best judgment.</B> </FONT></P>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Return of your proxy does not
deprive you of your right to attend the meeting, to revoke the proxy or to vote your
shares in person. All proxy instruments and powers of attorney must be delivered to the
Company no later than 48 hours prior to the meeting.</B> </FONT></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(Continued and to be signed on the reverse side.)</B> </FONT></P>



<p align=center>
<font size=2></font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px"><HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<page>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>SPECIAL GENERAL
MEETING OF SHAREHOLDERS OF</B> </FONT></P>


<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>B.O.S. BETTER ONLINE SOLUTIONS LTD.</B> </FONT></P>


<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>November 7, 2007</B> </FONT></P>


<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Please date, sign and mail<BR>
your proxy card in the<BR>
envelope provided as soon<BR>
as possible.
</FONT></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><FONT size="3" face="Wingdings 3"><B>&#156;</B></font> Please detach along perforated line and mail in the envelope provided. <FONT size="3" face="Wingdings 3">&#156;</font></FONT></P>



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<TD ALIGN="Center" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Please
refer to the Proxy Statement discussion of each of these matters. <BR>
<B>THE BOARD OF DIRECTORS RECOMMENDS VOTING "FOR" EACH OF THE LISTED PROPOSALS: <BR>
PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK YOUR <BR>
VOTE IN BLUE OR BLACK INK AS SHOWN HERE</B> <FONT size="3" face="Wingdings">x</font> </FONT></TD>
</TR>
</TABLE>



<TABLE WIDTH="100%" BORDER="0" CELLPADDING="5" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="17%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="14%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="10%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="24%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">FOR
</FONT></TD>
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AGAINST
</FONT></TD>
     <TD WIDTH="5%" STYLE="border:SOLID BLACK 0.5PT; border-right:NONE; border-left:NONE; border-bottom:NONE;" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">ABSTAIN
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD COLSPAN="4" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">1.
</FONT></TD>
     <TD COLSPAN="2" ROWSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">To approve the raise of equity by the
Company by way of a private placement and to authorize the Company&#146;s Board of
Directors to negotiate and finalize its terms.
</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="3" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT>
</TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD COLSPAN="2" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">2.
</FONT></TD>
     <TD COLSPAN="2" ROWSPAN="3"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">To approve the Active Chairman
Agreement between the Company and Mr. Edouard Cukierman, the Company&#146;s Chairman of
the Board.
</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="2" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
     <TD COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD COLSPAN="2" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD COLSPAN="2" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD COLSPAN="6" ROWSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">In their discretion, the proxies are authorized to vote upon such other business as
may properly come before the general meeting and any adjournments thereof.
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="2" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="2" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>PLEASE COMPLETE, DATE, SIGN AND MAIL THIS PROXY CARD IN THE
ENCLOSED PREPAID ENVELOPE.</B> </FONT>
</TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD COLSPAN="6"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="5" STYLE="border:SOLID BLACK 0.5PT; border-top:NONE; border-left:NONE; border-bottom:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Check here if you plan
to attend the Special General Meeting</B> </FONT>
</TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="4" STYLE="border:SOLID BLACK 0.5PT; border-left:NONE; border-right:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">To change the address on your account, please check the box at right and
indicate your new address in the address space above. Please note that
changes to the registered name(s) on the account may not be submitted via
this method.
</FONT></TD>
     <TD ALIGN="CENTER" STYLE="border:SOLID BLACK 0.5PT; border-left:NONE;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><FONT size="3" face="Wingdings">o
</font> </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>


<BR>





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<TR VALIGN="TOP">
     <TD WIDTH="20%" VALIGN="BOTTOM"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Signature of Shareholder</FONT></TD>
     <TD WIDTH="13%" STYLE="border:SOLID BLACK 0.5PT;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="7%" VALIGN="BOTTOM"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:</FONT></TD>
     <TD WIDTH="10%" STYLE="border:SOLID BLACK 0.5PT;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="20%" VALIGN="BOTTOM"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Signature of Shareholder</FONT></TD>
     <TD WIDTH="13%" STYLE="border:SOLID BLACK 0.5PT;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="7%" VALIGN="BOTTOM"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date:</FONT></TD>
     <TD WIDTH="10%" STYLE="border:SOLID BLACK 0.5PT;"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>


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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Note:</B> </FONT> </TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Please
sign exactly as your name or names appear on this Proxy. When shares are held jointly,
each holder should sign. When signing as executor, administrator, attorney, trustee or
guardian, please give full title as such. If the signer is a corporation, please sign
full corporate name by duly authorized officer, giving full title as such. If signer is a
partnership, please sign in partnership name by authorized person.</FONT></TD>
</TR>
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