Tel Aviv, 4th of May, 2008 – Ofra Strauss, Chairperson of the Strauss Group (TASE: STRS), and Erez Vigodman, Group CEO and President, announced today that an initial agreement had been signed for the acquisition of 25% of the shares of Strauss’s coffee
company with TPG Capital, among the world’s leading private equity investment firms, with the aim of realizing Strauss’s global growth strategy in coffee.