Holding in Parent Company

MTI Wireless Edge Limited 03 September 2007 3 September 2007 MTI Wireless Edge Limited (the 'Company') Holding in Parent Company The Company hereby announces that it has been informed by MTI Computers and Software Services (1982) Ltd. ('MTI Computers'), the principal shareholder of the Company, that Mokirei Aya Ltd., the controlling shareholder of MTI Computers, has signed a share purchase agreement to sell all of its holdings in MTI Computers, constituting approximately 38.87% of the currently outstanding shares of MTI Computers, to Inspire Investment Ltd. ('Inspire'), an Israeli public company, traded on the Tel Aviv Stock Exchange, in consideration for US$16,326,547. The transaction is subject, inter alia, to the approval of the Israeli Anti- trust authorities and the completion of a due diligence examination to Inspire's satisfaction. Mr. Avi Wertheim (Inspire's CEO, and its controlling share holder) commented: 'We are delighted to have agreed this strategic investment in MTI Computers. MTI Wireless Edge is a major player in Fixed Broadband Wireless Antennas with a strong management and a proven technology, and Wireless is the future. We believe that the Company has yet to show its full potential, and has the scope to further develop, both through its existing line of products and by expanding upon them. These developments, we believe, could be achieved partly by internal activities and partly by using its financial strength to seek opportunities to strengthen, even further, its position in the market.' Following completion of the transaction, Mr. Moshe Borovitz will continue to act as finance director of the Company and the co-CEO of MTI Computers. About Inspire Inspire Investments Ltd. is a publicly traded holding company (traded on the Tel- Aviv Stock Exchange). Inspire's holdings include mostly industrial companies with worldwide markets and proven track record. Inspire's holdings include subsidiaries (manufacturing and marketing) in various geographies including the US, China, and Israel. Inspire's philosophy includes acquiring companies which it believes it could further expand and develop either through internal growth or acquisitions. For further information contact: MTI Wireless Edge +972 3 900 8900 Dov Feiner, CEO Moni Borovitz, Finance Director Blue Oar Securities Plc +44 20 7448 4400 David Seal Luke Ahern Threadneedle Communications +44 207 936 9605 Graham Herring Josh Royston This information is provided by RNS The company news service from the London Stock Exchange
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