Ellomay Capital Ltd. announced that the Company completed the institutional and classified investors tender, in connection with the offering, in Israel only, of additional debentures from the Company’s existing Series C Debentures and a new series of options to purchase the Company’s ordinary shares at an exercise price of ILS 150 (approximately $44.4) per share, subject to customary adjustments, that is expected to be listed for trading on the Tel Aviv Stock Exchange . At the Institutional Tender, the bidders submitted early commitments to place orders at the upcoming public tender for an aggregate of 133,280 units, each comprised of ILS 2,000 par value Series C Debentures and 5 Series 1 Options (the “Units”), of which the Company intends to accept early commitments to order 71,888 Units, at a price per Unit of ILS 2,124 (the “Institutional Tender Price Per Unit”). The Institutional Tender Price Per Unit will be set as the minimum price per Unit in the public tender for the Units that is expected to be carried out by the Company. The early commitments accepted in the Institutional Tender are binding, and in consideration for making the early commitments the institutional and classified investors will receive an early commitment commission of 0.35%. The Offering and the issuance of the securities comprising the Units is subject, among other things, to the receipt of listing approvals, to the approval of the Company’s Board of Directors and to the completion of a public tender.