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Magic Software Elevated to NASDAQ Global Select Market

Israel Jan. 24, 2011 Magic Software Enterprises Ltd. cloud and on-premise enabled application platforms business integration January 3, 2011

Guy Bernstein

About Magic Software

www.magicsoftware.com

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company’s most recent annual report and other filings with the Securities and Exchange Commission.

Magic is the trademark of Magic Software Enterprises Ltd. All other trademarks are the trademarks of their respective owners.

Press contacts:

Tania Amar

Magic Software Enterprises

Tel. +972 3 538 9292

Email: [email protected]

SOURCE Magic Software Enterprises Ltd.

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