Magic Software Enters the TA-100 Index of the Tel Aviv Stock Exchange in Recognition of its Strong Financial Performance

OR YEHUDA, Israel, December 15, 2011 /PRNewswire/ --

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of mobile and cloud-enabled application and business integration platforms, announced today that it has been included in the Tel-Aviv Stock Exchange (TASE) TA-100 Index.

The TA-100 Index is the TASE's leading index. It tracks the leading 100 shares, based on a range of criteria, including highest market capitalization and broadest shareholder diversity.

Commenting on the announcement, Guy Bernstein, CEO of Magic Software, said: "We are pleased to have been recognized by TASE as one of the top 100 leading companies. I am convinced that our shareholders will gain greater value from their investment in Magic, and will continue to enjoy the benefits of our financial growth. Being included in the TASE TA-100 Index represents a clear indication that we are regarded in the market as a large and well-respected company with impressive financial performance and heightened investor interest."

About Magic Software

Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of mobile and cloud-enabled application and business integration platforms.

For more information, visit http://www.magicsoftware.com.

About the Tel Aviv Stock Exchange

The Tel Aviv Stock Exchange fulfils a major role in the Israeli economy, raising capital to finance investments and activities, and enabling the government to bring the public into its companies as they are privatized. The state-of-the-art exchange is also home to the local investment community and securities sector.

For more information, visit http://www.tase.co.il/TaseEng.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.

Press Contact:
Tania Amar, VP Global Marketing
Magic Software Enterprises
Tel: +972(0)3-538-9300
[email protected]

SOURCE Magic Software Enterprises Ltd

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