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Sapiens International Earnings Release 2005

Nov 7, 2005

7031_rns_2005-11-07_96ca50fd-d79c-408e-abb5-e580d62e02d9.pdf

Earnings Release

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Sapiens Schedules Third Quarter 2005 Earnings Release and Conference Call

RESEARCH TRIANGLE PARK, N.C. – November 7, 2005 – Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a global provider of insurance technology solutions, announced that it will report its Third Quarter 2005 financial results on Thursday, November 10, 2005.

Following the earnings release, on Thursday, November 10, 2005, Sapiens’ management will host a teleconference at 8:45 EST, 15:45 Israel, to discuss the results and the company's outlook.

Please call the following dial-in numbers to participate:

United States 1-866-500-4964
United Kingdom 0-800-917-4256
International +972-3-925-5910
Israel 03-925-5910

A telephone replay of the call will be available for 72 hours after the live broadcast, approximately two hours after the call, and may be accessed by dialing:

United States 1-866-500-4964
International +972-3-925-5944
Israel 03-925-5944

An online replay will also be available one day after the call at http://www.sapiens.com

About Sapiens International

Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), a member of Formula Group (NASDAQ: FORTY and TASE: FORT), is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations to adapt quickly to change. Sapiens' innovative solutions are widely recognized for their ability to cost-effectively align IT with the business demands for speed, flexibility and efficiency. Sapiens operates through its subsidiaries in North America, the United Kingdom, EMEA and Asia Pacific, and has partnerships with market leaders such as IBM and EDS. Sapiens' clients include AXA, Allianz Group, Liverpool Victoria, Norwich Union, OneBeacon, Principal Financial Group, Abbey National, ING, Menora and Occidental Fire & Casualty among others.

For more information, please visit http://www.sapiens.com.

FOR ADDITIONAL INFORMATION:

Ori Brin Chief Financial Officer Sapiens International +972-8-938-2934 E-mail: [email protected]