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G. Willi-Food International Anticipates 36% Revenue Increase for Third Quarter 2008 and 43% Revenue Increase for First Nine Months of 2008 Over the Comparable Periods in 2007

Posted on: Thursday, 16 October 2008, 09:00 CDT

YAVNE, Israel, October 16 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (the "Company" or "Willi-Food"), one of Israel's largest food importers and a single-source supplier of one of the world's most extensive range of quality kosher food products, today announced that it anticipates third quarter fiscal 2008 revenues to increase approximately 36% as compared to the same period a year ago. Furthermore the Company anticipates fiscal revenues for the first nine months of 2008 to increase approximately 43% as compared to the same period a year ago. The increase in revenues was primarily due to the consolidation of the financial results of Shamir Salads and the Danish dairy distributor division into Willi-Food's balance sheet. Contributions from Willi-Food's joint venture with the Baron Family as well as organic growth from its Gold Frost and Willi-Food division in Israel also contributed to the results.

Zwi Williger, President and COO of Willi-Food commented, "We continue to deliver revenue growth in a challenging environment. By and large, our organic growth has been strong and our acquisition strategy effective, and we have achieved significant double digit revenue growth. The Company is currently on track with our projection to grow full year 2008 sales to be in excess of NIS 330 million (US $100 million - adjusted for currency fluctuation)."

About G. Willi-Food International Ltd.

G. Willi-Food International Ltd. is one of Israel's largest food importers and a single-source supplier of one of the world's most extensive ranges of quality kosher food products. It currently imports, markets and distributes more than 2,500 food products manufactured by some 120 top-tier suppliers throughout the world to more than 2,000 customers. Willi-Food excels in identifying changing tastes in its markets and sourcing high-quality kosher products to address them. The Company also operated several subsidiaries: Gold Frost Ltd. subsidiary develops and distributes kosher chilled and frozen dairy food products internationally together with its Danish dairy distributor subsidiary; joint venture with the Baron Family engage in the global import, export and distribution of kosher products worldwide; and Shamir Salads is a leading international distributor of pre-packaged Mediterranean foods. For more information, please visit the Company's website at http://www.willi-food.co.il/.

This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products and expected revenues, operating results, and earnings. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: changes affecting currency exchange rates, including the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, in particular Arla Foods, loss of one or more of our principal clients, increasing levels of competition in Israel and other markets in which we do business, changes in economic conditions in Israel, including in particular economic conditions in the Company's core markets, increases in milk, wheat, corn, rice and other product prices, our inability to accurately predict consumption of our products and risks associated with product liability claims. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2007, filed with the Securities and Exchange Commission. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release.

Company Contact: G. Willi Food International Ltd. Ety Sabach, CFO +972-8-932-1000 ety@willi-food.co.il IR Contact: Grayling Global Christopher Chu +1-646-284-9426 cchu@hfgcg.com

G. Willi-Food International Ltd

CONTACT: Company Contact: G. Willi Food International Ltd., Ety Sabach,CFO, +972-8-932-1000, ety@willi-food.co.il; IR Contact: Grayling Global,Christopher Chu, +1-646-284-9426, cchu@hfgcg.com

Source: PRNewswire-FirstCall

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