<SEC-DOCUMENT>0001178913-21-000272.txt : 20210127
<SEC-HEADER>0001178913-21-000272.hdr.sgml : 20210127
<ACCEPTANCE-DATETIME>20210127135551
ACCESSION NUMBER:		0001178913-21-000272
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210127
DATE AS OF CHANGE:		20210127

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41906
		FILM NUMBER:		21558771

	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:			Harel Insurance Investments & Financial Services Ltd.
		CENTRAL INDEX KEY:			0001429390
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		HAREL HOUSE, 3 ABBA HILLEL ST.
		CITY:			RAMAT GAN
		STATE:			L3
		ZIP:			52118
		BUSINESS PHONE:		972-3-7547090

	MAIL ADDRESS:	
		STREET 1:		HAREL HOUSE, 3 ABBA HILLEL ST.
		CITY:			RAMAT GAN
		STATE:			L3
		ZIP:			52118
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>zk2125434.htm
<DESCRIPTION>SC 13G/A
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            <div style="font-size: 14pt; font-weight: bold; text-align: center; line-height: 1.25;">UNITED STATES</div>
            <div style="font-size: 14pt; font-weight: bold; text-align: center; line-height: 1.25;">SECURITIES AND EXCHANGE COMMISSION</div>
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            <div style="font-weight: bold; text-align: center; line-height: 1.25;">Washington, D.C. 20549</div>
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    <div style="font-size: 14pt; font-weight: bold; text-align: center; line-height: 1.25;">SCHEDULE 13G/A</div>
    <div style="font-weight: bold; text-align: center; line-height: 1.25;">(Amendment No. 2)*</div>
    <div style="font-weight: bold; text-align: center; line-height: 1.25;">&#160;(Rule 13d-102)</div>
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    <div style="text-align: center; line-height: 1.25; margin-right: 9pt;">INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND </div>
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    <div style="text-align: center; line-height: 1.25;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
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            <div style="font-weight: bold; text-align: center; line-height: 1.25;">MAGIC SOFTWARE ENTERPRISES LTD.</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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          <td style="VERTICAL-ALIGN: bottom; WIDTH: 33.33%">&#160;</td>
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            <div style="font-weight: bold; text-align: center; line-height: 1.25;">559166103</div>
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            <div style="text-align: center; line-height: 1.25;">(CUSIP Number)</div>
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            <div style="font-weight: bold; text-align: center; line-height: 1.25;">December 31, 2020</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; margin-left: 36pt; line-height: 1.25; text-indent: -36pt;">Check the following box to designate the rule pursuant to which the Schedule is filed:</div>
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              <div style="text-align: justify; line-height: 1.25;">*</div>
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              <div style="text-align: justify; line-height: 1.25;">The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
                containing information which would alter disclosures provided in a prior cover page.</div>
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              <div style="text-align: justify; line-height: 1.25;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) 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="font-weight: bold; text-align: left; line-height: 1.25;">CUSIP NO.&#160;559166103</div>
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              <div>1.</div>
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              <div style="TEXT-ALIGN: left">&#160;</div>
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              <div style="font-variant: normal; font-weight: normal; font-style: normal; text-align: left;">&#160;</div>
              <div style="TEXT-ALIGN: left; FONT: 10pt/1.25 'Times New Roman', Times, serif">Harel Insurance Investments &amp; Financial Services Ltd.</div>
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              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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              <div>2.</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 1.74%;">&#160;</td>
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              <div style="TEXT-ALIGN: left">(a) &#9744;</div>
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            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">&#160;</td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; 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>
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            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>3.</div>
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              <div style="TEXT-ALIGN: left">
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                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">SEC Use only</div>
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              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%; background-color: #bfbfbf;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td colspan="3" rowspan="2" style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; border-left: #000000 1pt solid; width: 89.86%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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          <tr style="BACKGROUND-COLOR: #bfbfbf">
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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          <tr>
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              <div>4.</div>
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                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Place of Organization</div>
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            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">&#160;</div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">Israel</div>
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            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font-variant: normal; font-weight: normal; font-style: normal;">Number of </div>
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                <div style="font-variant: normal; font-weight: normal; font-style: normal;">Beneficially </div>
                <div style="font-variant: normal; font-weight: normal; font-style: normal;">Owned by</div>
                <div style="font-variant: normal; font-weight: normal; font-style: normal;">Each Reporting </div>
                <div style="font-variant: normal; font-weight: normal; font-style: normal;">Person With:</div>
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              <div>5.</div>
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              <div style="TEXT-ALIGN: left">
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              <div style="TEXT-ALIGN: left">&#160;</div>
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            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
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                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">&#160;</div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">0</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>6.</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">Shared Voting Power</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
              <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">&#160;</div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">
                  <div style="line-height: 1.25;">
                    <div style="line-height: 1.25">4,835,262 Ordinary Shares *</div>
                  </div>
                </div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>7.</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Sole Dispositive Power</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
              <div style="font-variant: normal; font-weight: normal; font-style: normal; text-align: left;">&#160;</div>
              <div style="font-variant: normal; font-weight: normal; font-style: normal; text-align: left;">0</div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>8.</div>
            </td>
            <td style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Shared Dispositive Power</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 80.18%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">&#160;</div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">
                  <div style="line-height: 1.25;">
                    <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">
                      <div style="line-height: 1.25;">
                        <div style="line-height: 1.25">4,835,262 Ordinary Shares *</div>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>9.</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">&#160;</div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">
                  <div style="line-height: 1.25;">
                    <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">
                      <div style="line-height: 1.25;">
                        <div style="line-height: 1.25">4,835,262 Ordinary Shares *</div>
                      </div>
                    </div>
                  </div>
                </div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>10.</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Check if the Aggregate Amount in Row (9) Excludes Certain Shares</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="font-family: 'Times New Roman'; font-variant: normal; font-weight: normal; font-style: normal; text-align: left;">&#160;</div>
              <div style="font-family: 'Times New Roman'; font-variant: normal; font-weight: normal; font-style: normal; text-align: left;">&#9744;</div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>11.</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Percent of Class Represented by Amount in Row (9)</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: normal; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">&#160;</div>
                <div style="text-align: justify; line-height: 1.25;">9.9%**</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="font-variant: normal; vertical-align: middle; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td rowspan="3" style="font-variant: normal; vertical-align: top; border-bottom: #000000 1pt solid; font-weight: normal; font-style: normal; text-align: center; border-left: #000000 1pt solid; width: 6.36%;">
              <div>12.</div>
            </td>
            <td colspan="3" style="VERTICAL-ALIGN: middle; FONT-WEIGHT: normal; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="font: 10pt/1.25 'Times New Roman', Times, serif;">Type of Reporting Person:</div>
              </div>
            </td>
            <td style="font-variant: normal; vertical-align: middle; font-weight: normal; font-style: normal; width: 2.05%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
            <td style="border-right: #000000 1pt solid; font-variant: normal; vertical-align: top; font-weight: normal; font-style: normal; width: 1.74%;">
              <div style="TEXT-ALIGN: left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td colspan="3" rowspan="2" style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 89.86%">
              <div style="TEXT-ALIGN: left">
                <div style="font-variant: normal; font-weight: normal; font-style: normal;" id="DSPFPageHeader"></div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">&#160;</div>
                <div style="TEXT-ALIGN: justify; FONT: 10pt/1.25 'Times New Roman', Times, serif">CO</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>

      </table>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">* See Item 4.</div>
    <div style="text-align: justify; line-height: 1.25;">
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">** Based on 49,035,055 Ordinary Shares issued and outstanding as of January 14, 2021 (as reported by the Issuer in Exhibit 99.1 to its Report on Form 6-K filed with the Securities and Exchange Commission on January
          19, 2021).</div>
      </div>
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
    </div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="font-weight: bold; text-align: left; line-height: 1.25;">Item 1.</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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z4b73c3fb271a41a9862d71897e5c0702">

            <tr>
              <td style="vertical-align: top; width: 36pt; align: right;">(a)</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <div>Name of Issuer:<br>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25; text-indent: 0pt;">MAGIC SOFTWARE ENTERPRISES LTD. (hereinafter referred to as the &#8220;Issuer&#8221;).</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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z0c1dab63e6c444ab8074e77e0e209395">

            <tr>
              <td style="vertical-align: top; width: 36pt; align: right;">(b)</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <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; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt">5 Haplada Street, Or Yehuda 6021805, Israel<br>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="font-weight: bold; text-align: left; line-height: 1.25;">Item 2.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z4eaf569d036641939fa6e6004f23ae79">

          <tr>
            <td style="vertical-align: top; width: 36pt; align: right;">(a)-(c)</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div>Name of Person Filing, address and citizenship:</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25; text-indent: 0pt;">The following entity is referred to as the &#8220;Reporting Person&#8221; in this Statement:</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25; text-indent: 0pt;">Harel Insurance Investments &amp; Financial Services Ltd., an Israeli public company, with a principal business address at Harel House; 3 Aba Hillel Street; Ramat
      Gan 52118, Israel.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Title of Class of Securities:</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 35.45pt; line-height: 1.25; text-indent: 0pt;">Ordinary Shares, NIS 0.1 par value (the &#8220;Ordinary Shares&#8221;).</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z26a827d38cb64fe38c331c5598d340f0">

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

      </table>
    </div>
    <div style="TEXT-ALIGN: left; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">559166103</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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zdd77ec53dce046bcaf7df2677836c24f">

            <tr>
              <td style="vertical-align: top; font-weight: bold; width: 36pt; align: right;">Item 3.</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left">
                <div style="font-weight: bold;">If this statement is filed pursuant to &#167;&#167;240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:</div>
              </td>
            </tr>

        </table>
      </div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">Not Applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zbde6cf4dac8746058b7a9f8ac8faac66">

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

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 36pt;">
      <div style="text-indent: 36pt; line-height: 1.25;">
        <div style="text-indent: 36pt; line-height: 1.25;">All of the 4,835,262 Ordinary Shares reported in this Statement as beneficially owned by the Reporting Person are held for members of the public through, among others, provident funds and/or mutual
          funds and/or pension funds and/or insurance policies and/or exchange traded funds, which are managed by subsidiaries of the Reporting Person, each of which subsidiaries operates under independent management and makes independent voting and
          investment decisions. Consequently, this Statement shall not be construed as an admission by the Reporting Person, and the Reporting Person disclaims, that it is the beneficial owner of any of the Ordinary Shares covered by this Statement or that
          it has any pecuniary interest in such Ordinary Shares for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended.</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; text-indent: 36pt;">Except as set forth above, see items 5-11 of the cover pages hereto for beneficial ownership, percentage of class and dispositive power of the Reporting Person, which are incorporated
      herein.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25">
      <table cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z740467d7b20f461ebcf5855adb722315">

          <tr>
            <td style="vertical-align: top; font-weight: bold; width: 36pt; align: right;">Item 5.</td>
            <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
              <div style="font-weight: bold;">Ownership of Five Percent or Less of a Class</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 36pt;">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 &#9744;.</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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z37097b6831e944a2b7d52db2457c0475">

            <tr>
              <td style="vertical-align: top; font-weight: bold; width: 36pt; align: right;">Item 6.</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <div style="font-weight: bold;">Ownership of More than Five Percent on Behalf of Another Person</div>
              </td>
            </tr>

        </table>
      </div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">Not Applicable.</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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="zdb6a892a04ed447596f05bab00dc9bd4">

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

        </table>
      </div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">Not Applicable.</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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" class="DSPFListTable" id="z597471cd14374aaca6238d923908484b">

            <tr>
              <td style="vertical-align: top; font-weight: bold; width: 36pt; align: right;">Item 8.</td>
              <td style="VERTICAL-ALIGN: top; TEXT-ALIGN: left; WIDTH: auto">
                <div style="font-weight: bold;">Identification and Classification of Members of the Group</div>
              </td>
            </tr>

        </table>
      </div>
      <br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">Not Applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
    </div>
    <div style="TEXT-ALIGN: left; MARGIN-LEFT: 36pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -36pt"><font style="font-weight: bold;">Item 9.&#160;&#160;&#160; Notice of Dissolution of Group<br>
      </font><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; margin-left: 36pt; line-height: 1.25;">Not Applicable.</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="font-weight: bold; text-align: left; margin-left: 36pt; line-height: 1.25; text-indent: -36pt;">Item 10.&#160; Certification</div>
    <div style="LINE-HEIGHT: 1.25"><br style="LINE-HEIGHT: 1.25">
    </div>
    <div style="text-align: left; line-height: 1.25; text-indent: 36pt;">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.<font style="font-weight: bold;">&#160;</font></div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
      <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
        <hr noshade="noshade" style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; WIDTH: 100%; BACKGROUND-COLOR: #000000"> </div>
    </div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="font-weight: bold; text-align: center; margin-left: 36pt; line-height: 1.25; text-indent: -36pt;">SIGNATURES</div>
    <div style="LINE-HEIGHT: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; text-indent: 18pt;">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>
    <div style="LINE-HEIGHT: 1.25">
      <div style="DISPLAY: block; TEXT-INDENT: 0pt">
        <div style="text-align: justify; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">
          <div style="line-height: 1.25;">
            <div style="line-height: 1.25;">
              <div style="line-height: 1.25;">January 27, 2021</div>
              <div style="line-height: 1.25">&#160;</div>
            </div>
          </div>
        </div>
      </div>
      <div style="TEXT-ALIGN: center">
        <table cellspacing="0" cellpadding="0" bgcolor="white" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; WIDTH: 100%">

            <tr>
              <td style="width: 50%;">&#160;</td>
              <td style="WIDTH: 50%">
                <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES LTD.</div>
                <div style="text-align: left; margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">&#160;</div>
                <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
                  <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;">BY<font style="DISPLAY: inline">: </font><u>/s/ Uri Rabinovitz</u>
                    <div style="line-height: 1.25">&#160;</div>
                    <font style="font-family: 'Times New Roman', Times, serif;"><u></u></font></div>
                  <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;">
                    <div style="text-align: justify; line-height: 1.25;">Name, Title: Uri Rabinovitz, Vice President</div>
                  </div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div>&#160;&#160; </div>
    </div>
    <div style="LINE-HEIGHT: 1.25">
      <hr align="center" style="BORDER-TOP: black 1px solid; HEIGHT: 10px; BORDER-RIGHT: medium none; BORDER-BOTTOM: black 4px solid; COLOR: #ffffff; TEXT-ALIGN: center; MARGIN-LEFT: auto; BORDER-LEFT: medium none; BACKGROUND-COLOR: #ffffff; MARGIN-RIGHT: auto"> </div>
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