<SEC-DOCUMENT>0001178913-20-000516.txt : 20200218
<SEC-HEADER>0001178913-20-000516.hdr.sgml : 20200218
<ACCEPTANCE-DATETIME>20200218062011
ACCESSION NUMBER:		0001178913-20-000516
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200218
DATE AS OF CHANGE:		20200218
GROUP MEMBERS:		EDUARDO SERGIO ELSZTAIN

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGIC SOFTWARE ENTERPRISES LTD
		CENTRAL INDEX KEY:			0000876779
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330477418
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41906
		FILM NUMBER:		20623278

	BUSINESS ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218
		BUSINESS PHONE:		97235389322

	MAIL ADDRESS:	
		STREET 1:		5 HAPLADA STREET
		CITY:			OR YEHUDA ISRAEL
		STATE:			L3
		ZIP:			60218

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IDB DEVELOPMENT CORP LTD
		CENTRAL INDEX KEY:			0000919594
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		3 AZRIELI CENTER
		STREET 2:		THE TRIANGULAR TOWER, 44TH FLOOR
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			6702301
		BUSINESS PHONE:		011-972-3-6075666

	MAIL ADDRESS:	
		STREET 1:		3 AZRIELI CENTER
		STREET 2:		THE TRIANGULAR TOWER, 44TH FLOOR
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			6702301
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>zk2024041.htm
<DESCRIPTION>SC 13G
<TEXT>
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            <div style="text-align: center; line-height: 1.25;">SECURITIES AND EXCHANGE COMMISSION</div>
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            <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Washington, D.C. 20549</font></div>
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    <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">Under the Securities Exchange Act of 1934<br>
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                        SOFTWARE ENTERPRISES</font><font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-size: 14pt; font-style: normal; font-variant: normal; text-transform: none;"> LTD.</font></div>
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            <div style="text-align: center; line-height: 1.25;">(Name of Issuer)</div>
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            <div style="text-align: center; line-height: 1.25;">(Title of Class of Securities)</div>
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                    <div style="line-height: 1.25;"><font style="font-weight: bold;">559166103</font></div>
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            <div style="text-align: center; line-height: 1.25;">(CUSIP Number)</div>
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            <div style="text-align: center; line-height: 1.25;"><font style="font-weight: bold;">December 31, 2019</font></div>
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            <div style="text-align: center; line-height: 1.25;">(Date of Event Which Requires Filing of this Statement)</div>
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    <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
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    <div style="text-align: justify; line-height: 1.25;">The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("<font style="font-weight: bold;">Act</font>")
      or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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                  <div style="TEXT-ALIGN: left">NAMES OF REPORTING PERSONS/</div>
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                <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.05%">
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                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
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                  <div style="TEXT-ALIGN: left">&#160;</div>
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                    <div style="line-height: 1.25;">IDB Development Corporation Ltd.</div>
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                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                  <div style="TEXT-ALIGN: left">&#160;</div>
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                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
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                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
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                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">&#160;</td>
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                  <div style="TEXT-ALIGN: left">(a)<font style="FONT-FAMILY: 'Times New Roman'">&#9744;</font></div>
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                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">&#160;</td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 1.74%">&#160;</td>
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                  <div style="TEXT-ALIGN: left">(b)<font style="FONT-FAMILY: ''Times New Roman''">&#9744;</font></div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
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                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%; BACKGROUND-COLOR: #bfbfbf" colspan="3">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
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                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%; BACKGROUND-COLOR: #bfbfbf">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%; BACKGROUND-COLOR: #bfbfbf">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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              <tr style="BACKGROUND-COLOR: #bfbfbf">
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
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                  <div style="TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
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                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
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              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                  <div style="TEXT-ALIGN: left">
                    <div style="line-height: 1.25;">&#160;</div>
                    <div style="line-height: 1.25;">Israel</div>
                  </div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%" rowspan="12" colspan="2">
                  <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
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                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
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                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                  <div style="TEXT-ALIGN: left">0</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
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                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
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                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
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              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                  <div style="TEXT-ALIGN: left">
                    <div style="line-height: 1.25;">0</div>
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                  <div style="TEXT-ALIGN: left">
                    <div style="line-height: 1.25;">
                      <div style="line-height: 1.25;">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;"></div>
                            </div>
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                    </div>
                  </div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                  <div style="TEXT-ALIGN: left">0</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                  <div style="TEXT-ALIGN: left">
                    <div style="line-height: 1.25;">
                      <div style="line-height: 1.25;">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">0</div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </div>
                  </div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                  <div style="TEXT-ALIGN: left">
                    <div style="line-height: 1.25;">
                      <div style="line-height: 1.25;">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">0</div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </div>
                  </div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK IF THE AGGREGATE AMOUNT IN ROW (9)&#160;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                  <div style="FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;</div>
                  <div style="FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#9744;</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                  <div style="text-align: left; line-height: 1.25;"> <br>
                  </div>
                  <div style="text-align: left; line-height: 1.25;">
                    <div style="line-height: 1.25;">
                      <div style="line-height: 1.25;">
                        <div style="line-height: 1.25;"><br>
                        </div>
                      </div>
                    </div>
                    <div style="line-height: 1.25;"></div>
                  </div>
                  <div style="text-align: left; line-height: 1.25;"> </div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                  <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                  <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                  <div style="TEXT-ALIGN: left">CO</div>
                </td>
                <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>
              <tr>
                <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                  <div style="TEXT-ALIGN: left">&#160;</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="text-align: justify; line-height: 1.25;">&#160;</div>
        <div style="text-align: justify; line-height: 1.25;">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25;">
              <div style="text-align: left; line-height: 1.25;">
                <div style="text-align: justify; line-height: 1.25;"><br>
                </div>
              </div>
            </div>
          </div>
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          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="font-family: 'Times New Roman',Times,serif; font-weight: normal; font-style: normal;">Page 2 of 7 pages</font></div>
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          <div style="LINE-HEIGHT: 1.25">&#160;</div>
          <div style="LINE-HEIGHT: 1.25">
            <div style="font-weight: bold; line-height: 1.25;">
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                      <div style="line-height: 1.25;">
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                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">CUSIP NO.&#160;<u>559166103</u></div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </div>
            <div style="LINE-HEIGHT: 1.25">&#160;</div>
            <div style="LINE-HEIGHT: 1.25">
              <table cellspacing="0" cellpadding="2" border="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; BORDER-COLLAPSE: collapse; WIDTH: 100%">

                  <tr>
                    <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="4">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
                    </td>
                    <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS/</div>
                    </td>
                    <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.69%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="text-align: left; line-height: 1.25;">Eduardo Sergio Elsztain</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">&#160;</td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 1.74%">&#160;</td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="TEXT-ALIGN: left">(a)<font style="FONT-FAMILY: 'Times New Roman'">&#9744;</font></div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">&#160;</td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 1.74%">&#160;</td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="TEXT-ALIGN: left">(b)<font style="FONT-FAMILY: ''Times New Roman''">&#9744;</font></div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%; BACKGROUND-COLOR: #bfbfbf" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%; BACKGROUND-COLOR: #bfbfbf">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%; BACKGROUND-COLOR: #bfbfbf">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr style="BACKGROUND-COLOR: #bfbfbf">
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr style="BACKGROUND-COLOR: #bfbfbf">
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="TEXT-ALIGN: left">
                        <div style="line-height: 1.25;">&#160;</div>
                        <div style="line-height: 1.25;">Israel</div>
                      </div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%" rowspan="12" colspan="2">
                      <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="TEXT-ALIGN: left">0</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                      <div style="text-align: left; line-height: 1.25;"> <br>
                      </div>
                      <div style="text-align: left; line-height: 1.25;">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">42,785 *</div>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="TEXT-ALIGN: left">0</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%" rowspan="2">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="TEXT-ALIGN: left">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">
                                  <div style="line-height: 1.25;">
                                    <div style="line-height: 1.25;">
                                      <div style="line-height: 1.25;">42,785 *</div>
                                    </div>
                                  </div>
                                </div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="TEXT-ALIGN: left">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">
                                  <div style="line-height: 1.25;">
                                    <div>
                                      <div style="line-height: 1.25;">
                                        <div style="line-height: 1.25;">
                                          <div style="line-height: 1.25;">
                                            <div style="line-height: 1.25;">
                                              <div style="line-height: 1.25;">
                                                <div style="line-height: 1.25;">
                                                  <div style="line-height: 1.25;">
                                                    <div style="line-height: 1.25;">42,785 *</div>
                                                  </div>
                                                </div>
                                              </div>
                                            </div>
                                          </div>
                                        </div>
                                      </div>
                                    </div>
                                  </div>
                                </div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK IF THE AGGREGATE AMOUNT IN ROW (9)&#160;EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#160;</div>
                      <div style="FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">&#9744;</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="text-align: left; line-height: 1.25;">
                        <div style="line-height: 1.25;">
                          <div style="line-height: 1.25;">
                            <div style="line-height: 1.25;">
                              <div style="line-height: 1.25;">
                                <div style="line-height: 1.25;">
                                  <div style="line-height: 1.25;">
                                    <div style="line-height: 1.25;">0.09% **</div>
                                  </div>
                                </div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
                      <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" colspan="3">
                      <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%" rowspan="2" colspan="3">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                      <div style="TEXT-ALIGN: left">IN</div>
                    </td>
                    <td style="VERTICAL-ALIGN: middle; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.05%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                    <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 1.74%">
                      <div style="TEXT-ALIGN: left">&#160;</div>
                    </td>
                  </tr>

              </table>
            </div>
            <div style="text-align: justify; line-height: 1.25;">
              <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">&#160;</div>
            </div>
          </div>
        </div>
      </div>
      <div style="text-align: justify; line-height: 1.25;">
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;">*See Item 4. The 42,785 Ordinary Shares are held directly by Epsilon Investment House Ltd. ("<font style="font-weight: bold;">Epsilon</font>" and the &#8220;<font style="font-weight: bold;">Epsilon Shares</font>&#8221;), a
            subsidiary of Discount Investment Corporation Ltd., an Israeli public corporation (&#8220;<font style="font-weight: bold;">Discount Investment</font>&#8221;).</div>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: left; line-height: 1.25;">
          <div style="text-align: justify; line-height: 1.25;">** Based on 48,902,288 Ordinary Shares outstanding as of December 31, 2019, as<font style="background-color: #FFFFFF;"> provided by the issuer.</font></div>
        </div>
      </div>
      <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 3 of 7 pages</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
  </div>
  <div id="DSPFPageHeader"></div>
  <div>
    <div id="DSPFPageHeader"></div>
    <br>
  </div>
  <div>
    <div style="text-align: left; line-height: 1.25; font-weight: bold;">Item 1.</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z7a96617bc6c54a2691aed1c89459c41c">

            <tr>
              <td style="width: 21.3pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">(a)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Name of Issuer: <font style="background-color: #FFFFFF;">&#160;</font><font style="background-color: #FFFFFF;">Magic Software Enterprises</font><font style="background-color: #FFFFFF;"> Ltd.</font> (the "Issuer").</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zb964bf31fd0c49528170f4c862ee641b">

            <tr>
              <td style="width: 21.3pt;"><br>
              </td>
              <td style="width: 21.25pt; vertical-align: top; align: right;">(b)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Address of Issuer&#8217;s Principal Executive Offices:<br>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5 Haplada Street, Or Yehuda 6021805<font style="background-color: #FFFFFF;">, Israel</font></div>
  </div>
  <div><br>
  </div>
  <font style="font-weight: bold;">Item 2.</font>
  <div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Name of Person Filings</u>:</div>
    <div style="text-align: left; line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 1.25;">Eduardo Sergio Elsztain</div>
    <div style="text-align: left; text-indent: 36pt; line-height: 1.25;">IDB Development Corporation Ltd.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4067380cf537472aa8569f6974377785">

            <tr>
              <td style="width: 35.45pt; vertical-align: top; align: right;">(b)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><u>Address of Principal Business Offices or, if none, Residence</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 1.25;">Eduardo Sergio Elsztain - 108 Bolivar St. (C1006AAD) Ciudad Aut&#243;noma de Buenos Aires, Argentina.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="background-color: #FFFFFF; line-height: 1.25;">
      <div style="text-align: left; margin-left: 35.45pt; line-height: 1.25;">
        <div style="background-color: #FFFFFF; line-height: 1.25;">
          <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">IDB Development Corporation Ltd. &#8211; ToHa Building, 114 Igal Alon St., Tel Aviv 6744320, Israel</div>
        </div>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za1226071970c460599174839cd1689d7">

            <tr>
              <td style="width: 35.45pt; vertical-align: top; align: right;">(c)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><u>Citizenship&#160;or Place of Incorporation:</u></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; text-indent: 36pt; line-height: 1.25;">Mr. Elsztain - Argentina</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; text-indent: 36pt; line-height: 1.25;">IDB Development Corporation Ltd. &#8211; Israel</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4225eaf61a584cdf8ff812541dd43287">

            <tr>
              <td style="width: 35.45pt; vertical-align: top; align: right;">(d)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><u>Title of Class of Securities</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25">
      <div id="DSPFPageHeader"></div>
      <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif; margin-left: 36pt;">
        <div style="text-indent: -72pt; margin-left: 72pt; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">
          <div style="line-height: 1.25;"><font style="background-color: #FFFFFF;">Ordinary Shares, NIS 0.</font><font style="background-color: #FFFFFF;">10</font><font style="background-color: #FFFFFF;"> par value per share (the &#8220;Ordinary Shares&#8221;)</font>.</div>
        </div>
        <div style="line-height: 1.25">&#160;</div>
      </div>
    </div>
    <div style="text-align: left; text-indent: -36.55pt; margin-left: 72pt; line-height: 1.25;">
      <div style="text-indent: -36.55pt; line-height: 1.25; font-family: 'Times New Roman',Times,serif;"></div>
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z9ed471f4860c4bdd82c2b486b7e23d6e">

            <tr>
              <td style="width: 35.45pt; vertical-align: top; align: right;">(e)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><u>CUSIP Number</u>:</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25; margin-left: 36pt;">
      <div id="DSPFPageHeader"></div>
      <div style="text-align: left; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">
        <div id="DSPFPageHeader"></div>
        <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">
          <div style="line-height: 1.25;">559166103</div>
        </div>
      </div>
      <div><br>
      </div>
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z31d6e20b50b546808001f5cabfcc4997">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">Item 3.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-weight: bold;">If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25"><br>
    </div>
    <div style="text-align: left; text-indent: -36pt; margin-left: 72pt; line-height: 1.25;"> Not applicable.</div>
    <div style="line-height: 1.25">&#160;&#160; </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc1951ed46f19483b9add866ca1907409">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">Item 4.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-weight: bold;">Ownership</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div id="DSPFPageHeader"></div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">
      <div style="text-indent: 36pt; line-height: 1.25;">Mr. Elsztain holds indirectly, through companies in his control (i) 100% of the shares of IDB Development, and (ii) 83.77% of the shares of Discount Investment. Discount Investment holds 68.75% of
        the shares of Epsilon.</div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">All of the Epsilon Shares are held by portfolio management and/or mutual funds, which are managed by Epsilon Investment House Ltd. and/or Epsilon Mutual Funds Management (1991)
      Ltd. for the accounts of third-party clients. Epsilon Investment House Ltd. and Epsilon Mutual Funds Management (1991) Ltd. each operates under independent management and makes independent investment decisions and has no voting power in the
      securities held in such client accounts. Consequently, this Statement shall not be construed as an admission by Mr. Elsztain that he is the beneficial owner of Ordinary Shares held by Epsilon covered by this Statement and disclaims beneficial
      ownership of such shares.</div>
    <div style="line-height: 1.25">&#160;&#160; </div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: normal;">&#160; &#160; (a)</font><font style="font-weight: normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="font-family: 'Times New Roman',Times,serif;">Amount beneficially owned:&#160; see row 9 of cover page of the reporting persons.</font></font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z03b9d0b5c845410ca804947d2fd6f573">

            <tr>
              <td style="width: 42.55pt;"><br>
              </td>
              <td style="width: 35.25pt; vertical-align: top; align: right;">(b)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Percent of class:&#160; see row 11 of cover page of the reporting persons</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 4 of 7 pages</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="za5f4a826e09542fe8f660fd7a747dbf8">

            <tr>
              <td style="width: 42.55pt;"><br>
              </td>
              <td style="width: 35.45pt; vertical-align: top; align: right;">(c)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Number of shares as to which such person has:</div>
                <div> <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z7b3c38f4177d4904b1f90ecf3a8407c8">

            <tr>
              <td style="width: 77.8pt;"><br>
              </td>
              <td style="width: 28.55pt; vertical-align: top; align: right;">(i)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Sole power to vote or to direct the vote:&#160; see row 5 of cover page of the reporting persons</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z0fd1f99f60544ea0a0ee88d3a2ee9e2e">

            <tr>
              <td style="width: 77.8pt;"><br>
              </td>
              <td style="width: 28.55pt; vertical-align: top; align: right;">(ii)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Shared power to vote or to direct the vote:&#160; see row 6 of cover page of the reporting persons and note in Item 4 above.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zec6a8e6ac48c45518a40832ddc10bbc2">

            <tr>
              <td style="width: 77.8pt;"><br>
              </td>
              <td style="width: 28.55pt; vertical-align: top; align: right;">(iii)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Sole power to dispose or to direct the disposition of:&#160; see row 7 of cover page of the reporting persons</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z2747d422007f4111b22814fa34648d06">

            <tr>
              <td style="width: 77.8pt;"><br>
              </td>
              <td style="width: 28.55pt; vertical-align: top; align: right;">(iv)</td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div>Shared power to dispose or to direct the disposition of:&#160; see row 8 of cover page of the reporting persons and note in Item 4 above</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z00ed336d2a214f44a3b82d0c3757e2ec">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">Item 5.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-weight: bold;">Ownership of 5 Percent or Less of a Class</font></div>
                <div><font style="font-weight: bold;"></font><br>
                  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following &#9746;.</div>
                <div> <br>
                </div>
                <div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Eduardo Elsztain</div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman',Times,serif;">IDB Development Corporation Ltd.</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z1b3d87dadb054a9ca1d4a8c3ad745809">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">Item 6.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-weight: bold;">Ownership of More than 5 Percent on Behalf of Another Person</font></div>
                <div><font style="font-weight: bold;"></font><br>
                  Not applicable.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="zc31d5968d61d4d25807e8b94015cecef">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">Item 7.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-weight: bold;">Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; text-indent: 0pt; margin-left: 36pt; line-height: 1.25;">CO - Discount Investment Corporation Ltd.</div>
    <div style="text-align: left; text-indent: 0pt; margin-left: 36pt; line-height: 1.25;">CO - Epsilon Investment House Ltd.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; line-height: 1.25;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z4fa737af99c342548868fa22313b2e3b">

            <tr>
              <td style="width: 36pt; vertical-align: top;"><font style="font-weight: bold;">Item 8.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-weight: bold;">Identification and Classification of Members of the Group</font></div>
                <div><font style="font-weight: bold;"></font><br>
                  Not applicable.</div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">Item 9.&#160; Notice of Dissolution of Group</font></div>
    <div style="text-align: left; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;"></font><br>
      Not applicable.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">Item 10.&#160; Certifications</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of
      changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 5 of 7 pages</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;"></div>
    <div style="text-align: center; text-indent: -36pt; margin-left: 36pt; line-height: 1.25;"><font style="font-weight: bold;">SIGNATURES</font></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 18pt; line-height: 1.25;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div style="line-height: 1.25">&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="z90fb002c8a964bacb3f3b59c25825abd">

        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: left; line-height: 1.25;">February 16, 2020</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" id="za70f4d6502644a539339ec6a02c34056">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: left; line-height: 1.25;">BY: IDB DEVELOPMENT CORPORATION LTD. for itself</div>
          </td>
          <td style="width: 17%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="text-align: left; line-height: 1.25;">and on behalf of EDUARDO SERGIO ELSZTAIN</div>
          </td>
          <td style="width: 17%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 17%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">
            <div style="text-align: left; line-height: 1.25;">BY:</div>
          </td>
          <td style="width: 30%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: left; line-height: 1.25;"><font style="font-style: italic;">/s/</font><font style="font-style: italic;"> Eran Saar</font> <font style="font-style: italic;">/s/ Aaron Kaufman</font></div>
          </td>
          <td style="width: 17%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 30%; vertical-align: top;">
            <div style="text-align: left; line-height: 1.25;">
              <div style="line-height: 1.25;">
                <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Eran Saar and Aaron Kaufman, authorized signatories of&#160; IDB DEVELOPMENT CORPORATION LTD., on behalf of Eduardo Sergio Elsztain, pursuant to an
                  agreement annexed to the schedule 13G filed on February 14, 2019.</div>
              </div>
            </div>
          </td>
          <td style="width: 17%; vertical-align: top;">&#160;</td>
        </tr>

    </table>
    <div style="line-height: 1.25;">
      <div style="text-align: justify; text-indent: 0pt; margin-right: 84.5pt; margin-left: 212.65pt; line-height: 1.25;"><br>
      </div>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">Page 6 of 7 pages</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">EXHIBIT NO.</font>&#160;&#160;&#160; <font style="font-weight: bold;">DESCRIPTION</font></div>
    <div style="line-height: 1.25;">
      <div style="line-height: 1.25">&#160;</div>
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                <td style="width: 72pt; vertical-align: top; font-family: 'Times New Roman',Times,serif;"><a href="http://www.sec.gov/Archives/edgar/data/885740/000117891319000593/exhibit_1.htm">Exhibit 1</a></td>
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                  <div><a href="http://www.sec.gov/Archives/edgar/data/885740/000117891319000593/exhibit_1.htm">Authorization letter dated April 30, 2018 authorizing IDB Development Corporation Ltd. to file this Statement on Schedule 13G on behalf of the
                      Reporting Person (incorporated by reference to Exhibit 1 of schedule 13G filed by the reporting persons on February 14, 2019.)</a></div>
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