Magic Software Enters the TA-100 Index of the Tel Aviv Stock Exchange in Recognition of its Strong Financial Performance

Magic Software Enters the TA-100 Index of the Tel Aviv Stock Exchange in Recognition of its Strong Financial Performance

OR YEHUDA, Israel, December 15, 2011/PRNewswire-FirstCall/ --

    Magic Software Enterprises Ltd. [http://www.magicsoftware.com ] (NASDAQ: MGIC), a
global provider of mobile [http://www.magicsoftware.com/en/solutions/?catID13 ] and
cloud-enabled application [http://www.magicsoftware.com/en/products/?catIDp ] and
business integration [http://www.magicsoftware.com/en/products/?catIDA ] platforms,
announced today that it has been included in the Tel-Aviv Stock Exchange
[http://www.tase.co.il/TASEEng ] (TASE [http://www.tase.co.il/TASEEng/homepage.htm ])
TA-100 Index
[http://www.tase.co.il/TASEEng/MarketData/Indices/MarketCap/IndexMainDataMarket.htm?Action=2&IndexId7&subDataType=0 ]
.

    The TA-100 Index
[http://www.tase.co.il/TASEEng/MarketData/Indices/MarketCap/IndexMainDataMarket.htm?Action=2&IndexId7&subDataType=0 ]
is the TASE's leading index. It tracks the leading 100
shares, based on a range of criteria, including highest market capitalization and broadest
shareholder diversity.

    Commenting on the announcement, Guy Bernstein, CEO of Magic Software
[http://www.magicsoftware.com/en ], said: "We are pleased to have been recognized by TASE
[http://www.tase.co.il/TASEEng/homepage.htm ] as one of the top 100 leading companies. I
am convinced that our shareholders will gain greater value from their investment in Magic,
and will continue to enjoy the benefits of our financial growth. Being included in the
TASE TA-100 Index represents a clear indication that we are regarded in the market as a
large and well-respected company with impressive financial performance and heightened
investor interest."

    About Magic Software

    Magic Software Enterprises Ltd. [http://www.magicsoftware.com/en ] (NASDAQ: MGIC
[http://www.google.com/finance?client=ob&q=NASDAQ:MGIC ]) is a global provider of mobile
and cloud-enabled application and business integration platforms.

    For more information, visit http://www.magicsoftware.com.

    About the Tel Aviv Stock Exchange

    The Tel Aviv Stock Exchange [http://www.tase.co.il/TASEEng/homepage.htm ] fulfils a
major role in the Israeli economy, raising capital to finance investments and activities,
and enabling the government to bring the public into its companies as they are privatized.
The state-of-the-art exchange is also home to the local investment community and
securities sector.

    For more information, visit http://www.tase.co.il/TaseEng
[http://www.tase.co.il/TaseEng/homepage.htm ].

    Except for the historical information contained herein, the matters discussed in this
news release include forward-looking statements that may involve a number of risks and
uncertainties. Actual results may vary significantly based upon a number of factors
including, but not limited to, risks in product and technology development, market
acceptance of new products and continuing product conditions, both here and abroad,
release and sales of new products by strategic resellers and customers, and other risk
factors detailed in the Company's most recent annual report and other filings with the
Securities and Exchange Commission.

   
    Press Contact:
    Tania Amar, VP Global Marketing
    Magic Software Enterprises
    Tel: +972(0)3-538-9300
    tania@magicsoftware.com

Source: Magic Software Enterprises Ltd