ADD to BW1042, KOOR-INDUSTRIES.

--(BUSINESS WIRE)--

ADD to BW1042 (KOOR-INDUSTRIES) after text xxx financial tables.

        KOOR REPORTS ITS RESULTS IN ISRAELI SHEKELS (NIS). THE
      FOLLOWING FIGURES ARE US $ CONVENIENCE TRANSLATIONS ONLY,
              CALCULATED AT A RATE OF NIS 3.845 = $1.00

                         KOOR INDUSTRIES LTD.
                       (An Israeli Corporation)
            Condensed Consolidated Statements of Income - Unaudited
                 Amounts In Thousands Except Per Share

                             Nine months ended     Three months ended
                                September 30           September 30
                              1997        1998      1997          1998
                            -----------------------------------------
                                           (Unaudited)

Revenues from sales and
services                    $2,426,276   2,321,893    765,930  799,523
Cost of sales and services   1,849,419   1,785,866    589,427  618,170

Gross profit                   576,857     536,027    176,503  181,353
Selling and marketing
expenses                       208,315     219,801     66,827   77,471
General and administrative
expenses                       155,760     179,364     50,162   56,746
Operating income               212,782     136,862     59,514   47,136
Financial expenses, net         30,282      36,015      5,481   20,031

                               182,500     100,847     54,033   27,105
Other income (expenses), net    32,744      44,625      8,529    6,559

Income before taxes on
 income                        215,244     145,472     62,562   33,664
Taxes on income                 48,097      64,616     12,880   16,819
                               167,147      80,856     49,682   16,845

Equity in results of
affiliates, net                  2,729      10,625      2,029    1,729
                               169,876      91,481     51,711   18,574

Minority interest in
subsidiaries, net               48,638      47,710     16,069   16,701

Net Income-continued
operations                     121,238      43,771     35,642    1,873

Discontinued operations          2,866      17,066        790   14,848

Net income for the period      124,104      60,837     36,432   16,721

Primary earnings per ordinary share:

    Continuous operations         7.98        2.80       2.36      .12

    Total                         8.17        3.89       2.41     1.06

Per ADS                           1.60         .56        .47      .02

Fully diluted - per ordinary
share                             7.82        3.78       2.37     1.04

Weighted average shares
outstanding
     (in thousands)           15,093.1    15,723.4   15,129.6 15,723.4


KOOR INDUSTRIES LIMITED
---------------------------------------------------------------------
Condensed Consolidated Balance Sheet
(U.S. dollars in thousands)
                                   Sept. 30      Dec. 31     Sept. 30
                                      1998          1997         1997
                                (Unaudited)    (Audited)   (Unaudited)
Assets
Current assets:
Cash and cash equivalents           259,662       328,135      270,693
Short-term deposits and
investments                         223,175       163,184      173,498
Trade receivables                   857,563       806,899      814,703
Other accounts receivable           213,880       152,423      164,757
Inventories                         687,846       678,981      651,289

Total current assets              2,242,126     2,129,622    2,074,940

Investments and long-term
receivables                         496,549       288,369      276,517

Property, Plant and Equipment     1,060,919     1,134,949    1,142,712

Intangible Assets and Deferred
Charges                             132,329        98,506       87,724

                                  3,931,923     3,651,446    3,581,893

 Liabilities and shareholders' equity
  Current liabilities:
  Credits from banks and others     445,085       537,605      492,225
  Trade payables                    363,421       327,522      307,826
  Other accounts payable            461,031       431,721      456,488
  Customer advances                  91,019        84,113       77,542
  Total current liabilities       1,360,556     1,380,961    1,334,081

  Long-term liabilities:

  Long-term loans                   737,031       347,469      339,955
  Debentures                         77,824       169,595      179,741
  Customer advances                  42,002        33,058       32,874
  Deferred taxes on income           67,160        70,960       73,771
  Accrued employee rights upon
  retirement                         54,839        46,734       48,445
  Total long-term liabilities       978,856       667,816      674,786

Minority interest                   536,715       488,498      485,319

Shareholders' equity              1,055,796     1,114,171    1,087,707

                                  3,931,923     3,651,446    3,581,893

Shares outstanding (in thousands)  15,723.4      15,407.2     15,129.6

Shareholders' equity per
ordinary share                        67.15         72.32        71.89

Shareholders' equity per ADS          13.43         14.46        14.38

Koor Industries Ltd. - Income Statement Breakdown

Sales - major subsidiaries ($ millions)

                       January-September         July-Septemeber
                        1998     1997  Variance  1998   1997  Variance

ECI Telecom (1)          591      492       20%   210    169       24%

Tadiran (2)              864      814        6%   311    244       27%
Telrad                   268      328      -18%    63     97      -35%
Makhteshim-Agan(2)(3)    589      506       16%   226    155       46%
Mashav (4)               176      195      -10%    58     70      -16%
United Steel Mills        80      103      -22%    27     38      -28%
Middle East Tubes         46       48       -4%    16     18      -11%
Other                    299      432      -31%    99    144      -32%
Koor Consolidated      2,322    2,426       -4%   800  765.9        4%

Operating profits - major subsidiaries ($ millions)

                       January-September         July-Septemeber
                        1998     1997  Variance  1998   1997  Variance

ECI Telecom (1)          132       96       37%    47     33       44%

Tadiran (2)               78       69       13%    33     21       58%
Telrad                   -19       34       N/A   -18      6       N/A
Makhteshim-Agan(2)(3)     77       62       23%    27     15       82%
Mashav (4)                22       24       -8%     9     10      -18%
United Steel Mills        -8        5       N/A    -3      3       N/A
Middle East Tubes          0        3       N/A     1      1      -40%
Other                    -13       15       N/A     0      4       N/A
Koor Consolidated        137      213      -36%    47     60      -21%

Net profit - major subsidiaries ($ millions)

                       January-September         July-Septemeber
                        1998     1997  Variance  1998   1997  Variance

ECI Telecom (1)          124       93       33%    44     33       33%

Tadiran (2)               35       29       18%    12     11        9%
Telrad                   -17       23       N/A   -17      3       N/A
Makhteshim-Agan(2)(3)     18       19       -9%     4      5      -11%
Mashav (4)                32       21       54%    18      9      103%
United Steel Mills        -7        1       N/A    -2      0       N/A
Middle East Tubes         -3        0       N/A    -1      0       N/A
Other                      3       31       N/A     1      8      -84%
Koor Consolidated         61      124    -51.0%  16.7   36.4      -54%

(1) ECI sales, gross and operating profits are not consolidated into Koor; net profits are consolidated based on equity; figures do no include one time R&D write off for NKO purchase

(2) Figures for the 3Q for Tadiran and Makhteshim-Agan appear inflated due to adjustments arising from consolidation of dollar statements into Koor NIS statements: for example, whereas Tadiran grew its sales by 5% in 3Q over 1997 3Q in dollar terms, due to accounting adjustments it appears to have grown by 27% in Koor's consolidated statements

(3) Comparison data is for pro-forma financial results had the merger agreement taken place at the beginning of the periods

(4) Mashav is consolidated on a 50% basis