TEL AVIV, Israel, June 18 /PRNewswire-FirstCall/ -- Koor Industries Ltd. (NYSE:KOR)(TASE:KOR) ("Koor", "Company"), a leading Israeli holding company, announced today that, following its press releases from May 8, 2007, and June 5, 2007, it completed today the sale of its entire holding (9.16%) in Knafaim Holdings Ltd., ("Knafaim"), for approximately $13.7 million, representing a price per share of $10.47 ("Purchase Price"). $1.5 million of the consideration were received on May 8, 2007. Under the Agreement, should Ms. Borovich or two other entities that plan to purchase the shares from Ms. Borovich, sell the shares of Knafaim to any third party, during a period of 12 months commencing from the closing date, at a price per share higher than the Purchase Price, Koor will receive additional consideration in the amount of the difference between the sale price and the Purchase Price, net of interest accrued, multiplied by the amount of shares sold or by the amount of shares included in the Transaction, the lesser. Koor currently estimates recording a capital gain of approximately NIS 15 million in the second quarter of 2007. About Koor Industries Koor Industries is a leading Israeli holding company, focusing on high-growth, internationally-oriented, Israeli companies. Koor actively invests in agrochemicals through Makhteshim Agan Industries; in telecommunications through its holdings in ECI Telecom, ECTel and Telrad Networks; and in venture capital through Koor Corporate Venture Capital. Koor's ADSs (American Depositary Shares) are traded on the New York Stock Exchange (NYSE:KOR) and Koor's Ordinary Shares are traded on the Tel Aviv Stock Exchange (TASE:KOR). Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, international market conditions, domestic political factors, technological developments, ability to finance operations, and other factors which are detailed in the Company's SEC filings. Company contact Oren Hillinger, Finance Director Koor Industries Ltd. Tel: +972-3-607-5111 Fax: +972-3-607-5110 IR Contacts Ehud Helft / Kenny Green GK Investor Relations Tel: +1-866-704-6710 Fax: +972-3-607-4711 DATASOURCE: Koor Industries Ltd CONTACT: Company contact: Oren Hillinger, Finance Director, Koor Industries Ltd., Tel: +972-3-607-5111, Fax: +972-3-607-5110, ; IR Contacts: Ehud Helft / Kenny Green, GK Investor Relations, Tel: +1-866-704-6710, Fax: +972-3-607-4711,

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