Koor Industries to Complete Sale of Sheraton Moriah on April 26, 2007

TEL AVIV, Israel, April 19 /PRNewswire-FirstCall/ -- Koor Industries Ltd. ("Koor") a leading Israeli holding company announced today, following the agreement announced on December 17, 2007 between Koor and Azorim Development and Construction Co. Ltd. for the sale of Koor's entire 56.5% shareholding in Sheraton Moriah Israel Ltd., and additional press releases issued on the agreement since, that the parties to the agreement agreed that the closing of the transaction will be on April 26, 2007.

The closing of the transaction is still subject to the fulfillment of certain conditions precedent and the receipt of certain confirmations outlined in the agreement.

About Koor Industries

Koor Industries is a leading Israeli holding company, focusing on high-growth, internationally-oriented, Israeli companies. Koor actively invests in agrochemicals through Makhteshim Agan Industries; in telecommunications through its holdings in ECI Telecom, ECTel and Telrad Networks; and in venture capital through Koor Corporate Venture Capital. Koor's ADSs (American Depositary Shares) are traded on the New York Stock Exchange and Koor's Ordinary Shares are traded on the Tel Aviv Stock Exchange .

Company contact IR Contacts Oren Hillinger, Finance Director Ehud Helft / Kenny Green Koor Industries Ltd. GK Investor Relations Tel: +972-3-607-5111 Tel: 1-866-704-6710 Fax: +972-3-607-5110 Fax: +972-3-607-4711 oren.hillinger@koor.com info@gkir.com

Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, international market conditions, domestic political factors, technological developments, ability to finance operations, and other factors which are detailed in the Company's SEC filings.