Update re cash distribution

Adamind Ltd
14 March 2008


14 March 2008

                                  Adamind Ltd
                          ("Adamind" or "the Company")

                  Update re Cash Distribution to Shareholders

Further to the Company's announcement of 6 March 2008, the Company hereby
announces that it has posted to its shareholders documents in connection with
the distribution to the Company's shareholders of approximately US$19.2 million,
approximately GBP 9.6 million ("the Distribution"). These documents include a
request to provide certain information required by Israeli tax authorities to
determine whether the Company is obligated to make any withholding from the
amounts to be paid to its shareholders pursuant to the Distribution.

The total amount of shares with respect to which the Distribution will be made
is 36,903,311, resulting in a distribution amount per share (before withholding,
if applicable) of approximately GBP 0.26.

The Company expects to distribute on or about 31 March 2008 funds to
shareholders who shall have provided the required information prior to 23 March
2008 and on or about 13 May 2008 to shareholders who shall have provided the
required information by 4 May 2008. If there is a need for a third distribution
date in respect to the Distribution, a further announcement will be made by the
Company in due course.

It remains the Company's intention to distribute as much of the Company's
resources as possible and a further announcement will be made in due course
concerning further distributions.


Enquiries

Corfin Communications
Harry Chathli, Neil Thapar                      [phone]




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