Shamir Optical Industry Ltd. Announces Declaration of a Cash Dividend

Published November 29th, 2009 - 11:53 GMT

 Shamir Optical Industry Ltd. (NASDAQ:SHMR) ("Shamir"), a leading provider of innovative products and technology to the ophthalmic lens market, announced today that its board of directors had declared a dividend distribution in an aggregate amount of US$ 10 million (approximately NIS 37.62 million based on the November 25, 2009 representative rate of exchange), or approximately US$ 0.609 (approximately NIS 2.3
based on the November 25, 2009 representative rate of exchange) per ordinary share
based on the number of outstanding shares of Shamir as of the date hereof.

The dividend will be payable on or about December 21, 2009, to shareholders of
record as of the close of business on December 7, 2009.

The dividend will be paid to Shamir shareholders in US Dollars, except for holders
of Shamir shares traded on Tel-Aviv Stock Exchange (i.e., shares registered in the
name of the nominee company of Bank Hapoalim Ltd.), who will be paid in NIS
according to the representative rate of exchange published by the Bank of Israel on
December 18, 2009.

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