REQUISITIONING OF A GENERAL MEETING

    PILAT TECHNOLOGIES INTERNATIONAL LTD                      

                      REQUISITIONING OF A GENERAL MEETING                      

Pilat Technologies International Ltd ("the Company") announces that it was
notified on 19 October 2008 that Go.D.M and Alpha Fund, both shareholders in
the Company, have given notice of the requisitioning of a general meeting (the
"Requisition").

The resolutions proposed in the Requisition are the removal of David Sapiro,
Chaim Helfgott and Trevor Toolan and the appointment of Dov Goldstein, Chairman
and CEO of Go.D.M, David Johan and Gabby Dishi, CEO of Alpha Fund as directors
of the Company. It should be noted that, as announced on 15 October 2008, David
Sapiro has given notice of his resignation as a director, which will take
effect on 27 November 2008.

Go.D.M. and Alpha Fund together hold approximately 14.5 per cent. of the issued
share capital of the Company. Under Israeli company law, shareholders holding
in excess of 10 per cent of the share capital can validly requisition a general
meeting. The Company has 21 days from the notice of requisition to convene the
general meeting, which must take place within 35 days thereafter. The Board
will meet to discuss the Requisition.

The Requisition also stated that Go.D.M and Alpha Fund have entered into an
agreement pursuant to which each party has a right of first refusal on the sale
of shares of the Company by the other party, as well as a right to participate
in any sale of such shares by the other party.

Pilat Technologies International Ltd                        00 972 3 767 9200
                                                                             
Chaim Helfgott, Corporate Secretary                                          
                                                                             
Hanson Westhouse Limited                                        0113 246 2610
                                                                             
Tim Feather                                                                  
                                                                             
Matthew Johnson                                                              



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