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Pointer Announces Sale of Shares to its Controlling Shareholder, Subject to Shareholder Approval and Public Rights Offering

Israel April 23, 2012

$2.95 April 20, 2012 April 22, 2012

$2 million $2.90

The proposed rights offering will also include an over-subscription privilege, which will entitle a shareholder who exercises its basic subscription privilege in full the right to purchase additional ordinary shares that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among persons exercising this over-subscription right. DBSI has undertaken to exercise its basic subscription right, and over-subscription right, in full.

Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements. These statements relate to future events or Pointer’s future financial performance. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes", "expects", "anticipates", "plans" (and similar expressions) should be considered forward looking statements. There are a number of important factors that could cause Pointer’s actual results to differ materially from those indicated by the forward looking statements. Pointer disclaims any obligation to update any forward looking statement.


Zvi Fried

[email protected]

SOURCE Pointer Telocation Ltd

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