Company Apollo Power Ltd TEL AVIV STOCK EXCHANGE

Apollo Power Ltd, formerly Or City Holdings Ltd, is an Israel-based company active through its subsidiaries in the hotel industry. The Company's main holding is CEE Hotel Holdings BV (CEE), a private company incorporated in Holland. CEE initiates, establishes, builds and develops business opportunities in the hotel sector in East and Central Europe. The subsidiary also operates and manages hotels through several management companies. CEE's activity is carried out through local subsidiaries, were each project is designated a managing company. The projects are financed through the Company's own equity, providing loans and bank credit. The Company's subsidiaries and managing companies include: Atid Kft, Marcali Kft, Central Capital LLC 2006 and Nador Palace Kft.