DGAP-Ad hoc: Advanced Vision Technology Ltd.

DGAP-Adhoc: Advanced Vision Technology Ltd.: Distribution of dividends and ISA-exemption from prospectus requirements regarding equity awards to Israeli employees

Advanced Vision Technology Ltd. / Key word(s): Dividend

01.03.2016 20:05

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Distribution of dividends and ISA-exemption from prospectus requirements regarding equity awards to Israeli employees

At its meeting held on March 1st, 2016 the board of directors resolved to:

- distribute a gross dividend of $ 0.75 per share. The record date for the distribution will be March 17th, 2016, the ex-dividend date will be March 18th, 2016 and the payment date will be March 22nd, 2016. The tax withholding rate will be approximately 20%; and

- acknowledge and approve the use of the exemption granted to AVT by the Israeli Securities Authority ("ISA") which exempts AVT from the prospectus requirements under the laws of the State of Israel with respect to awards made to employees pursuant to AVT's employee equity based incentive plan ("AVT's 2009 Israeli Incentive Plan"). The resolution enables AVT to grant equity awards pursuant to AVT's 2009 Israeli Incentive Plan to more than 35 AVT employees in Israel during any consecutive twelve-month period.

Israeli grantees pursuant to the Plan to whom the exemption applies will receive detailed information in the form of a Statement of Complementary Information for Employees Participating in the Plan, together with a copy of AVT's 2009 Israeli Incentive Plan from the offices of AVT at 6 Hanagar St., Hod Hasharon 45241, Israel.

Hod Hasharon, March 1, 2016 Advanced Vision Technology Ltd. The Board of Directors

01.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Advanced Vision Technology Ltd. Hanagar 6 45241 Neve Ne'eman, Hod Hasharon Israel Phone: +972 9 761-4444 Fax: +972 9 761-4555 E-mail: IR@avt-inc.com Internet: www.avt-inc.com ISIN: IL0010837248 WKN: 931340 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------