Pointer Telocation Ltd. Reports that the Tel Aviv Stock Exchange Has Announced the Exchange’s Adjustment to the Opening Price of the Company’s Ordinary Shares on the Commencement of Trading on June 7, 2016

Rosh HaAyin, Israel June 6, 2016. Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR; TASE: PNTR), a leading developer, manufacturer and operator of Mobile Resource Management (MRM) services, announced that at the close of business in Tel Aviv today, the Tel Aviv Stock Exchange ( the “TASE”) issued an announcement that the opening price of Pointer’s ordinary shares on June 7, 2016 (the previously announced ex-dividend date for the Company’s contemplated spin-off of Shagrir Group Vehicle Services Ltd.) in Tel Aviv, will be manually reduced by 29.97% from today's closing price on the TASE.
Pointer notes that the TASE’s determination of the adjustment was based on its own independent calculations and that it has no view with respect to the methodology or correctness of such calculation.

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