Ellomay Capital Ltd. announced the resignation of Mr. Hemi Raphael from its Board of Directors for personal reasons, effective November 12, 2020. Mr. Raphael has been a member of the Company’s Board of Directors since June 2006. The Company also announced the appointment of Mr. Ehud Gil to its Board of Directors to replace Mr. Raphael, effective immediately. Ehud Gil, age 46, has been an entrepreneur in the technology field and a consultant to the Israeli Ministry of Defense since he retired from the Israeli Defense Forces (“IDF”) in 2018 at the rank of lieutenant-colonel. Prior to his retirement from the IDF, Mr. Gil held various key managerial and technological positions in the IDF and the Israeli Ministry of Defense, including Head of Planning and Control Branch and Head of Training Branch in the General Headquarters of the IDF, and served as a manager of projects and units in the IDF. Based on the Company’s Articles, Mr. Gil will serve as a Board member until the Company’s 2021 annual general meeting, at which he can be nominated for reappointment to the Company’s Board of Directors.