Pointer Telocation Gives Notice of an Annual Meeting of Shareholders on July 10, 2008

ROSH HA'AYIN, Israel, May 29, 2008 -- Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR, Tel-Aviv Stock Exchange: PNTR) - a leading provider of Automatic Vehicle Location (AVL) technology, stolen vehicle retrieval services, fleet management, car & driver safety, public safety, vehicle security, asset management and road side assistance, hereby gives notice that an Annual Meeting (the "Meeting") of the Shareholders of Pointer Telocation Ltd. (the "Company") will be held at the offices of Yigal Arnon & Co., 1 Azrieli Center, 46th Floor, Tel Aviv, on Thursday, July 10, 2008, at 12:00 P.M. (Israel time) for the following purposes:

    
    1. TO ELECT Yossi Ben Shalom, Barak Dotan, Yoel Rosenthal, and Noga Knaz
    as directors of the Company for the coming year.

    2. TO ELECT Gil Oren and Zvi Rotenberg as external directors
    of the Company for a period of three years.

    3. TO APPROVE the payment of a director's fee to Noga Knaz,
    subject to her election as a director of the Company, at the fixed amount
    rate as set forth in the Companies Regulations (Rules Regarding 
    Compensation and Expenses of an External Director) - 2000.

    4. TO GRANT to each of Noga Knaz, Gil Oren and Zvi Rotenberg,
    subject to their election as above detailed, options to purchase 3,000
    Ordinary Shares of the Company, par value NIS 3.00 each, to vest in three
    equal installments over a period of three years, commencing as of the 
    date of the Meeting, at an exercise price per share equal to the closing 
    price per share on the date of the Meeting.

    5. TO APPOINT Kost Forer Gabbay & Kasierer as the independent public
    accountants of the Company for the year ending December 31, 2008 and to
    authorize the Audit Committee to fix their remuneration in accordance 
    with the volume and the nature of their services, as the Audit Committee 
    may deem fit in their sole discretion.

    6. TO ISSUE to DBSI Investments Ltd. ("DBSI"), by way of a private
    placement whose objective is to provide DBSI with a controlling parcel in 
    the Company, Ordinary Shares of the Company, at a price per share equal 
    to the average closing price of the Company's share on the Nasdaq Capital 
    Market, as of May 27, 2008, the date of approval of such issuance by the 
    Board of Directors of the Company until the date of the Meeting, for a 
    total consideration of $1,000,000.

    7. To receive Management's report on the business of the Company for the
    year ended December 31, 2006 and year ended December 31, 2007 and to 
    review the Company's Financial Statements for the years then ended.

Shareholders of record at the close of business on June 1, 2008, will be entitled to notice of, and to vote at, the Meeting.

Shareholders who do not expect to attend the Meeting in person are requested to mark, date, sign and mail the enclosed proxy as promptly as possible in the enclosed stamped envelope.

By Order of the Board of Directors, Pointer Telocation Ltd.

Date: May 28, 2008

About Pointer Telocation:

Pointer Telocation is a leading provider of technology and services to the automotive and insurance industries, offering a set of services including Road Side Assistance, Stolen Vehicle Recovery and Fleet Management. Pointer has a growing client list with products installed in over 400,000 vehicles across the globe: the UK, Greece, Mexico, Argentina, Russia, Croatia, Germany, Czech Republic, Latvia, Turkey, Hong Kong, Singapore, India, Costa Rica, Norway, Venezuela, Hungary, Israel and more. Cellocator, a Pointer Products Division, is a leading AVL (Automatic Vehicle Location) solutions provider for stolen vehicle retrieval, fleet management, car & driver safety, public safety, vehicle security and more. In 2004, Cellocator was selected as the official security and location equipment supplier for the Olympic Games in Athens. For more information: http://www.pointer.com