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Thursday, 02/14/2013 11:27:30 AM

Thursday, February 14, 2013 11:27:30 AM

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Magic Declares Dividend for Second Half of 2012

OR YEHUDA, Israel, February 14, 2013 /PRNewswire/ --

Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of software platforms for enterprise mobility, cloud applications, and business integration, announced today that its Board of Directors has declared a cash dividend in the amount of US $0.12 per share and in the aggregate amount of approximately US $4.4 million for the second half of 2012.

The dividend is payable March 14, 2013 to all of the Company's shareholders of record at the close of the NASDAQ Global Select Market on February 25, 2013.

In accordance with Israeli tax law, the Company will deduct 25% of the dividend amount payable to each shareholder, subject to applicable exemptions.

The dividend will be paid in US dollars on the ordinary shares of Magic Software Enterprises that are traded on the Tel Aviv Stock Exchange, and in US dollars on the ordinary shares of Magic Software Enterprises that are traded on the NASDAQ Global Select Market.
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