Gadot, through a wholly owned subsidiary, has signed an agreement for the acquisition of a chemicals storage terminal (the “Chemical Terminal”) with a storage capacity of approximately 100,000 cubic meters in Western Europe which occupies a land in the size of 25 Hectares. The purchase price is EUR 30,000,000 (approximately $36.2 million).

Closing of the transaction is subject to customary closing conditions, including, among others, obtaining financing and the consent of several customers of the sellers.

Mr. Yosef A. Maiman, Chairman President and CEO of Ampal, commented: “By acquiring the Chemical Terminal, Gadot will more than double its global liquid chemicals storage capacity and will be in an exceptional position to deliver products and services throughout the chemicals supply chain from producer to end-user. Synergies with VLS and BAX Chemicals, Gadot’s wholly owned Benelux subsidiaries, will benefit Gadot’s global businesses, especially its European activities.”