Kitov Pharmaceuticals Holdings LTD announced that on March 2, 2017 the Board of Directors (the "Board") of the Company determined to fill a vacancy on the Board, and to appoint, effective immediately, Ms. Revital Stern-Raff, CPA to serve as a director of the Company. Since 2013, Ms. Stern-Raff, age 43, has been the Chief Financial Officer of several municipal development and community association units of the City of Giv'atayim, Israel. Between 2006 and 2013, Ms. Stern-Raff held comptroller and economist positions at Ilex Medical Ltd., a publicly-traded medical diagnostic equipment company. As previously announced by the Company on February 26, 2017, the resignation of Mr. Yair Katzir from the Board, and from all Board committees of which he was a member, became effective as of the appointment of Ms. Stern-Raff to the vacancy on the Board. The Company is further announcing that on March 2, 2017, the Board appointed Ms. Revital Stern-Raff as a member of the Audit Committee of the Board, and Mr. Arye Weber as a member of the Compensation Committee of the Board.