Tower Semiconductor Ltd. — Capital/Financing Update 2005

Nov 22, 2005

C003	����� ����������� ��"�		2
Public	TOWER SEMICONDUCTOR LTD.
	4302	Corporation no: 520041997
	Stock Exchange/Market: �����
	309
	381	P.O.B 619 , Migdal Haemek 23105 , ,
	Tel: 04-6506611 , 04-6506670 Fax: 04-6547788
	E.mail address: natiso@towersemi.com	Date of transmission: 22/11/2005
		Time of broadcast: 09:46 09:44:31
		Reference: 2005-02-059655

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Complementary report for a report sent on date 22/11/2005 whose reference number was 2005-02-059604
Main details added/ completed:
Exhibit 4.2 to the Draft Prospectus

Other Report or AnnouncementRegulation 5 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000 The corporation is a foreign private issuer as defined by U.S. Securities Laws.

Attached hereto is a report on	Tower Semiconductor Ltd. Amendment No. 3 to Draft Prospectus for Rights Offering

Exhibit42-Indenture-YAEKcomments211105-clean-nohighlgihtsforZadok-v2_isa.pdf

Attached is Exhibit 4.2 to the Draft Prospectus filed today
References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous names of reporting entity:
Date of revision of form structure: 06/11/2005
- - -
Name of the Signatory : Vardi Ronit , , Position of Signatory in the reporting corporation: Corporate Controller
P.O.B Telephone: 04-6047071 , Facsimile: 04-6047242 , E-mail: ronitva@towersemi.com