Aryt Indusrtries Ltd. - General Annual Meeting.

Business Editors

TEL-AVIV, ISRAEL--(BUSINESS WIRE)--July 25, 2000

Aryt Industries Ltd. (ARYTF - OTC BB) announced today that the General Annual Meeting of the Company's shareholders adopted the following resolutions:

      --  To obtain the Company's financial statements for the year
        ended December 31, 1999.

      --  To appoint Gilad Shabtai, Yoram Oron, Zvi Oren, Dan Halperin
        and Ofer Shabtai as directors of the Company.

      --  Micha Avnimelech and Israel Gravinski the External Directors
        will continue to serve as members of the Board of Directors.

      --  To reappoint Ernst & Young as the certified public accountant
        of the Company and to authorise the Company's board of
        directors to determine their remuneration.

      --  To approve annual remuneration to the members of the board of
        directors in accordance with the Companies Law - 1999.

About Aryt Industries Ltd.

Aryt Industries, Ltd. is an Israeli holding company. Since January 2000, the Company has been actively seeking investment opportunities in emerging technology companies. The Company intends to be actively involved in leveraging it business, product development and marketing experience to assist such companies achieving their growth potential and accelerating their growth in value. As of June 30, 2000 the Company has invested in three start up technology venture; Voice Diary Ltd., Sensotech Ltd. and OfficeCore.com Ltd. In addition, through its subsidiaries, Reshef Technologies Ltd. ("Reshef") and Amcoram Ltd. ("Amcoram"), the Company engaged in developing, manufacturing and marketing sophisticated electronics products for the military market.