Formula Systems (1985) Ltd. — Board/Management Information 2005

Feb 20, 2005

: כדלקמןצים " בפברואר2005 אישרה מנויים של הדח', 17האסיפה הכללית של החברה שהתכנסה ביום ה

Gil Weizer outside director. Mr. Weizer serves as a director of Fundtech Ltd. (NASDAQ: FNDT), Biveroni Batschelet Partners AG, Optibase Ltd. (NASDAQ: OBAS), Tescom Software Systems Testing Ltd. (TASE: TSCM), ClickSoftware Technologies Ltd., (NASDAQ: CKSW), and Carmel – Haifa University Economic Corporation Ltd. Mr. Weizer was the Acting Vice Chairman for ORAMA, an international investment banking group, and a board member of the Tel Aviv Stock Exchange from 2002 until 2004. From 1995 to 2000, Mr. Weizer served as CEO of Hewlett Packard (HP), Israel and CMS Corp. Mr. Weiser is the Chairman of the Executive Board of Haifa University, and is a Member of the Israel High-Tech Association Executive Committee. Mr. Weiser holds a B.S. degree in Electrical Engineering from the Technion in Haifa, and an M.S. in Electronics/Computers from the University of Minnesota.

Dafna Sharir outside director.. Ms. Sharir is an independent consultant in the areas of mergers & acquisitions and business development. From 2002 until 2004, Ms. Sharir served as Senior Vice President - Investments of AMPAL-American Israel Corporation (NASDAQ:AMPL). From 1999 until 2002, she served as Director of Mergers and Acquisitions of AMDOCS Limited (NYSE: DOX), and prior to that, from 1994 to 1996 as an associate at the tax department at Cravath, Swaine & Moore, in New York. Ms. Sharir holds B.A.degrees in Economics and Law, both from Tel Aviv University, an LL.M. in Tax Law from the New York University, and an M.B.A. from the European Institute of Business Administration (INSEAD), in Fontainebleau, France.