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American Israeli Paper Mills Affiliate Faces Potential Class Action Suit
Hadera, Israel, 17 January 2007 -- /PRNewswire/ -- American Israeli Paper Mills Ltd. (AIPM) announced that a petition was filed against Hogla-Kimberly LTD (H-K), an affiliated company (49.9%), for the approval of a class action.

According to the petition, 3.5 years ago H-K reduced the quantity of wipes in the baby wipes packages of its "Titulim(R) Premium" brand and thus misled the public according to the Israeli Consumer Protection Act. The plaintiff estimates the scope of the class action to be approximately NIS 28 million. H-K rejects the claims and intends to defend itself against the action. At this early stage, H-K is not able to assess the chances of the class action and its influences.

Source: American Israeli Paper Mills Ltd.


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