EGM 2007 - Amiad

AMIAD FILTRATION SYSTEMS LTD.REGISTERED IN ISRAEL UNDER COMPANY NO: 51-249769-4NOTICE OF ANNUAL GENERAL MEETINGNotice is hereby given that the annual general meeting of Amiad Filtration Systems Ltd. (the“Company”) will be held at Adelaide House, London Bridge, London EC4R 9HA, England onWednesday, 5 September 2007 commencing at 11am for the following purposes:1 To appoint Mr Rami Treger as a director of the Company.2 To appoint Mr Ilan Benguigui as a non-executive director of the Company.3 To consider and, if thought fit, pass the following resolution:That, subject to the approval of such matters by the audit committee and the boardof directors of the Company, the terms of appointment and remuneration of Mr IlanBenguigui, as set out in his draft letter of appointment, a copy of which is producedto the meeting and initialled for the purposes of identification by the chairman of themeeting, be and are hereby approved.4 To consider and, if thought fit, pass the following resolution:That, subject to the approval of such drafts exemption and indemnificationagreements by the audit committee and the board of directors of the Company, thedraft exemption and indemnification agreements to be entered into by the Companyand each of Mr Rami Treger and Mr Ilan Benguigui, copies of which are produced tothe meeting and initialled for the purposes of identification by the chairman of themeeting, be and are hereby approved.5 To authorise the Company to extend its existing directors’ and officers’ liabilityinsurance policy to cover Mr Rami Treger and Mr Ilan Benguigui.6 To approve the entering into a share option agreement with Mr Rami Tregerpursuant to which Mr Rami Treger is granted options to purchase 54,722 ordinaryshares of the Company.7 To consider and, if thought fit, pass the following resolution:That, subject to the approval of such matters by the audit and remunerationcommittees and the board of directors of the Company, the terms of a phantombonus to be paid to Mr Treger, as set out in pages 3 and 4 of the circular dated 1August 2007, be and are hereby approved.8 To consider and, if thought fit, pass the following resolution:That, subject to the approval of such matters by the audit and remunerationcommittees and the board of directors of the Company, the terms of the bonusscheme to members of senior management, as set out in appendix 1 to the circulardated 1 August 2007, be and are hereby approved.9 To consider and, if thought fit, pass the following resolution:5753838.16