Kamada Ltd. — Audit Report / Information 2015

Nov 10, 2015

Disclosure for debenture holders as of September 30, 2015

1. Summary of Financial Undertakings (according to repayment dates) as of September 30, 2015

Israeli Securities Law Regulations (Periodic and Immediate Reports) 9d

a. Convertible debentures issued to the public by the Company and held by the public.

	Principal payments	Gross interest payments (without deduction of tax)	Total
	ILS
one year	30,246,082	468,040	30,714,122
Total	30,246,082	468,040	30,714,122

b. Bank guarantees as of September 30, 2015, totaling US $174 thousand

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1. Details with Regard to Company Debentures

Israeli Securities Law Regulations (Periodic and Immediate Reports) 10(b)13 and 48c(12)

Issue Date	Par value at issuance (US Dollar)	Accumulated interest (US Dollar)	Book value (US Dollar) as of September 30, 2015	Market Value (US Dollar) as of September 30, 2015	Interest payment dates	Principal payment schedule	Type of interest	Converted to another security
10/18/2009	26,532,237	39,769	7,710,087	7,748,407	Quarterly payments on the outstanding debt, on March 1^{st}, June 1^{st}, September 1^{st} and December 1^{st} of 2015.	one installment on December 1, 2015.	Bears annual interest at a variable rate, plus annual margin of 6.1% above the annual interest rate for Israeli Government Debentures (Series 817) for each interest period.	Yes

1. Details with Regard to the Trustee

MISHMERET TRUST COMPANY LTD, No. Corporate 51-377133-7, Address: 46-48 Menachem Begin, Tel Aviv, Israel Contact information: Rami Sebty, Vice President, Telephone No.: 972-3-6374355, Fax No.: 972-3-6374344, e-mail: ramis@bdo.co.il

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1. Conversion of convertible debentures

Security Details	Conversion ratio	Major Conversion Details
Ordinary shares of NIS 1 par value	From December 2^{nd}, 2012 to November 15^{th}, 2015, each NIS 37.12 par value debentures (Series C) may be convertible into one ordinary share of NIS 1 par value of the Company.	Debentures may be converted each trading day from registration of the Debentures until November 15^{th}, 2015 except during November 16^{th} to December 1^{st} of each of the years 2013 and 2014.

1. At the end of the reporting period and during such reporting period the Company has complied with all the conditions and obligations under the trust deed.