TIDM80OA 
 
RNS Number : 6583R 
Bank Hapoalim B.M. 
05 May 2009 
 

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BANK HAPOALIM B.M. 
Number at the Registrar: 520000118 
Securities of the Corporation are listed for trade on the Tel-Aviv Stock 
Exchange 
Abbreviated Name: Poalim 
Street: POB 27, Tel-Aviv 61000 
Telephone: 03-567 3800, 03-567 3333, Fax: 03-567 4576 
Electronic Mail: YORAM.WEISSBREM@MAILPOALIM.CO.IL 
 
 
Transmission Date: 03/05/2009 
Reference: 099996-01-2009 
+-------------------+-------------------------------+ 
| To                | To                            | 
| Securities        | The Tel-Aviv Stock Exchange   | 
| Authority         | Ltd.                          | 
| www.isa.gov.il    | www.tase.co.il                | 
+-------------------+-------------------------------+ 
 
 
Immediate Report on the Rating of Debentures or the Rating of a Corporation 
 
 
 
 
On 30/04/2009 Maalot the Israeli Securities Rating Company Ltd. published a 
report on: 
 
 
  *      Corporation 
 
 
 
Up-to-date rating: _________ ___________ _____________ ____________ 
 
 
Rating history: 
 
 
+------------------+------------------+------------------+------------------+ 
|      Date        |Object of Rating  |      Rating      |     Remarks      | 
+------------------+------------------+------------------+------------------+ 
|                  |                  |                  |                  | 
+------------------+------------------+------------------+------------------+ 
 
 
  *      Securities of the Corporation 
 
 
 
+---------------+---------------+---------------+---------------+---------------+ 
|   Name and    |  Number of    |    Rating     |  Up-To-Date   |    Remarks    | 
|  Category of  |  Security on  |    Company    |    Rating     |               | 
|   Security    |  the Stock    |               |               |               | 
|               |   Exchange    |               |               |               | 
+---------------+---------------+---------------+---------------+---------------+ 
| Subordinated  |               | Maalot        | Maalot AA     | Rating        | 
| Notes         |               |               | negative      | lowered       | 
+---------------+---------------+---------------+---------------+---------------+ 
| Upper Tier II | 6620207       | Maalot        | Maalot A      | Rating        | 
| Capital Notes |               |               | negative      | lowered       | 
+---------------+---------------+---------------+---------------+---------------+ 
| Tier I Hybrid | 6620215       | Maalot        | Maalot A-     | Rating        | 
| Capital       |               |               | negative      | lowered       | 
+---------------+---------------+---------------+---------------+---------------+ 
| Tier I Hybrid | 6620280       | Maalot        | Maalot A-     | Rating        | 
| Capital       |               |               | negative      | lowered       | 
+---------------+---------------+---------------+---------------+---------------+ 
 
 
 
 
Rating history: 
 
 
+----------+----------+----------+----------+----------+---------+ 
|Name and  |  Number  |  Date    |  Object  |  Rating  |Remarks  | 
|Category  |    of    |          |    of    |          |         | 
|    of    |Security  |          |  Rating  |          |         | 
|Security  |  on the  |          |          |          |         | 
|          |  Stock   |          |          |          |         | 
|          |Exchange  |          |          |          |         | 
+----------+----------+----------+----------+----------+---------+ 
|          |          |          |          |          |         | 
+----------+----------+----------+----------+----------+---------+ 
 
 
 
 
Attached hereto is the rating report Rating.pdf 
 
http://www.rns-pdf.londonstockexchange.com/rns/6574R_-2009-5-5.pdf 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCQELBBKEBBBBB 
 

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