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Ituran Location and Control Ltd. Announces Annual General Meeting’s Results

December 6, 2012

AZOUR, Israel, December 6, 2012 /PRNewswire/ –

At the Annual general meeting of the shareholders of Ituran Location and Control Ltd.
(NASDAQ: ITRN, TASE: ITRN) (the “Company”), held on December 6, 2012, the following
resolution was adopted:

        1) To approve the renewal of the appointment of Fahn Kanne & co. (a member
          firm of Grant Thornton international) as the Company's independent auditors for the
          year ending December 31, 2013 and authorization of the Audit Committee to determine
          their compensation., as more fully described in the proxy statement. A total of
          13,422,383 ordinary shares (99.53%) voted FOR this resolution, 14,202 ordinary shares
          voted AGAINST this resolution and 48,850 ordinary shares ABSTAINED.
          The item on the agenda requires the affirmative vote of the holders of a majority
          of the voting power represented at the Meeting and voting thereat Therefore, the
          resolution was adopted
        2) To approve of the re-election of the following directors to office: Gil
          Sheratzky, Zeev Koren, Izzy Sheratzky, as more fully described in the proxy statement.
          Gil Sheratzky - A total of 10,699,636 ordinary shares (69.36%) voted FOR this
          resolution, 4,718,886 ordinary shares voted AGAINST this resolution and 6,793 ordinary
          shares ABSTAINED. Zeev Koren - A total of 10,699,636 ordinary shares (69.36%) voted
          FOR this resolution, 4,718,886 ordinary shares voted AGAINST this resolution and 6,793
          ordinary shares ABSTAINED. Izzy Sheratzky - A total of 10,699,636 ordinary shares
          (69.36%) voted FOR this resolution, 4,718,886 ordinary shares voted AGAINST this
          resolution and 6,793 ordinary shares ABSTAINED.

The item on the agenda requires the affirmative vote of the holders of a majority of
the voting power represented at the Meeting and voting thereat

Therefore, the resolution was adopted.

About Ituran

Ituran provides location-based services, consisting predominantly of stolen vehicle
recovery and tracking services, as well as wireless communications products used in
connection with its location-based services and various other applications. Ituran offers
mobile asset location, Stolen Vehicle Recovery, management & control services for
vehicles, cargo and personal security. Ituran’s subscriber base has been growing
significantly since the Company’s inception to over 623,000 subscribers distributed
globally. Established in 1995, Ituran has over 1,300 employees worldwide, provides its
location based services and has a market leading position in Israel, Brazil, Argentina and
the United States.

For more information, please visit Ituran’s website, at: http://www.ituran.com

Certain statements in this press release are “forward-looking statements” within the
meaning of the Securities Act of 1933, as amended. These forward-looking statements
include, but are not limited to, our plans, objectives, expectations and intentions and
other statements contained in this report that are not historical facts as well as
statements identified by words such as “expects”, “anticipates”, “intends”, “plans”,
“believes”, “seeks”, “estimates” or words of similar meaning. These statements are based
on our current beliefs or expectations and are inherently subject to significant
uncertainties and changes in circumstances, many of which are beyond our control. Actual
results may differ materially from these expectations due to changes in global political,
economic, business, competitive, market and regulatory factors.

        International Investor Relations

        CCG Israel

        Ehud Helft
        ehud@ccgisrael.com

        Kenny Green
        kenny@ccgisrael.com
        Tel: +1-(646)-201-9246

SOURCE Ituran Location and Control Ltd


Source: PR Newswire