The board of directors of Optibase Ltd. appointed Mr. Reuwen Schwarz as a director of the company. Mr. Schwarz serves as an independent contractor providing services to the company since November 2013. Since 2012, Mr. Schwarz serves as a real estate manager for a private company.

From 2008 through 2012 Mr. Schwarz has served as a manager for Centris Capital AG. From 2006 through 2008 Mr. Schwarz has served as a banker for Meinl Bank AG, Vienna. Mr. Schwarz holds a Magister (MA) degree from the University of Economic and Business Administration Vienna, Austria.