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

AZOUR, Israel, January 22, 2009: Ituran Location and Control Ltd. today announced that On January 22 2009, Ituran Location and Control LTD held an Annual General Meeting which approved the following:

    
       (1) To renew the appointment of the firm of Fahn Kanne & co. (a member
           firm of Grant Thornton international) as the Company's independent
           auditors for the year ending December 31, 2008 and until the
           Company's next annual general meeting and authorize the Audit
           Committee of the Company to determine their remuneration.

           The above was approved by 11,813,968 votes (99.86%).11,004 votes
           (0.1%) opposed and 5,229 votes (0.04%) abstained.

       (2) To approve the re-election of the following persons to serve as
           directors for additional period until third succeeding Annual
           meeting thereafter: Yehuda Kahhane, Avner Kurtz, Nir Sheratzky.

           Yehuda Kahhane - approved by 11,777,640 votes (92.66%).880,865
           votes (7%) opposed and 52,561 votes (0.34%) abstained.
           Avner Kurtz - approved by 11,777,540 votes (92.66%).880,850 votes
           (7%) opposed and 52,661 votes (0.34%) abstained.
           Nir Sheratzky - approved by 11,777,640 votes (92.66%).880,865 
           votes (7%) opposed and 52,561 votes (0.34%) abstained.

       (3) To approve the re-election of the followingexternal directors to
           office for additional perioduntil third succeeding Annual meeting
           hereafter: Israel Baron, Dr. Orna Ophir.

           The above was approved by a special majority as required by
           law:11,823,335 votes (99.94%), approved. 0 votes (0%) opposed and
           6,866 votes (0.06%) abstained.