Danny Avidan

DANNY AVIDAN serves as Chief Economist and a member of the Board of
Directors of companies in the Africa Israel Investments Ltd. group, such
as AI Properties and Development USA Corp. In the past, Mr. Avidan was
the CFO of Derech Eretz CJV, the constructor of the Cross Israel
Highway, the biggest infrastructure project ever done in Israel. He also
served as the CFO of Mul-T-Lock, one of the world leaders in high
security product manufacturers. Born in 1962, Mr. Avidan is a graduate
of the Hebrew University Economics Department (Jerusalem).

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DANNY AVIDAN - AFRICA ISRAEL INVESTMENTS LTD
June 02, 2004