Audiocodes Ltd. — Director's Dealing 2008

Oct 22, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AUDIOCODES LTD (AUDC)
CIK: 0001086434
Period of Report: 2008-10-21

Reporting Person: SOROS FUND MANAGEMENT LLC (10% Owner)
Reporting Person: SOROS GEORGE (10% Owner)
Reporting Person: Soros Robert (10% Owner)
Reporting Person: SOROS JONATHAN T ALLAN (10% Owner)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
2% Senior Convertible Notes due 2024	$18.71		Common Stock ()		Indirect

Footnotes

F1: Pursuant to Rule 3a12-3(b) the Reporting Persons have discontinued filing reports under Section 16 of the Securities and
Exchange Act of 1934.

F2: The 2% Senior Convertible Notes due 2024 (the "Notes") are convertible at any time and mature on November 9, 2024.

F3: The Notes are held for the account of Quantum Partners LDC, a Cayman Islands exempted limited duration company ("Quantum
Partners"). Soros Fund Management LLC ("SFM LLC") serves as principal investment manager to Quantum Partners. As such, SFM
LLC has been granted investment discretion over portfolio investments, including the Notes, held for the account of Quantum
Partners. George Soros serves as Chairman of SFM LLC, Robert Soros serves as Deputy Chairman of SFM LLC, and Jonathan Soros
serves as President and Deputy Chairman of SFM LLC.