OBAS » Topics » EXPLANATORY NOTE

This excerpt taken from the OBAS 20-F filed Jun 30, 2008.

EXPLANATORY NOTE

        This Amendment No. 1 on Form 20-F/A (the “Amendment”) to our annual report on Form 20-F for the fiscal year ended December 31, 2007, as filed with the Securities and Exchange Commission (the “Commission”) on June 27, 2008 (the “Form 20-F”), is being filed solely for the purpose of correcting (1) a clerical error in the date appearing in the consent of Brightman Almagor Zohar & Co., filed as Exhibit 15.2 to the Form 20-F, and (2) a clerical error in the name of the audited company appearing in the consent of Brightman Almagor & Co., filed as Exhibit 15.3 to the Form 20-F. Exhibits 15.2 and 15.3 are hereby replaced in their entirety.

        Therefore, this Amendment consists of a cover page, this explanatory note, a revised list of exhibits (Item 19 of Part III), a signature page and the revised Exhibits 15.2 and 15.3.

        This Amendment speaks as of the date of the initial filing of the Form 20-F. Other than as described above, this Amendment does not, and does not purport to, amend, update or restate any other information or disclosure included in the Form 20-F and does not, and does not purport to, reflect any events that have occurred after the date of the initial filing of the Form 20-F. As a result, our annual report on Form 20-F for the fiscal year ended December 31, 2007, as amended by this Amendment, continues to speak as of the initial filing date of the Form 20-F.



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