MA Industries (the "Company") announced that it will hold an annual general shareholder meeting and an extraordinary shareholder meeting on July 5, 2009 at 16:30 at the Company's offices.

The agenda for the shareholder meetings will be as follows:

1.  Discussion and approval of the Company's annual financial reports for 2008.
2.  Re-appointment of the Company's auditors and authorizing the Company's board of directors to determine the auditors' remuneration.
3. Re-appointment of all of the Company's directors (excluding external directors)
4. Extension of Dr. Gideon Chitayat's tenure as an external director for additional three years
   
   The effective date for participating in the abovementioned shareholder meeting is June 4, 2009.