SARIN TECHNOLOGIES LTD: NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	SARIN TECHNOLOGIES LTD
Company Registration No.	51 1332207 (Israel Registration Number)
Announcement submitted on behalf of	SARIN TECHNOLOGIES LTD
Announcement is submitted with respect to *	SARIN TECHNOLOGIES LTD
Announcement is submitted by *	Amir J. Zolty
Designation *	Company Secretary
Date & Time of Broacast	24-May-2012 00:51:34
Announcement No.	00001
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	23/05/2012
2. Name of Director *	Avraham Eshed
3. Please tick one or more appropriate box(es): *
- Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> Part II
1. Date of change of Interest	23/05/2012
2. Name of Registered Holder	Avraham & Nitza Eshed
3. Circumstance(s) giving rise to the interest or change in interest	Open Market Purchase
# Please specify details	Mr. Avraham Eshed acquired 60,000 shares of the Company in an open-market transaction.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change	721,250
As a percentage of issued share capital	0.21 %
No. of Shares which are subject of this notice	60,000
As a percentage of issued share capital	0.02 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	1.2
No. of Shares held after the change	781,250
As a percentage of issued share capital

>> Part III
1. Date of change of [Select Option]
2. The change in the percentage level	From % to %
3. Circumstance(s) giving rise to the interest or change in interest	[Select Option]
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions

>> Part IV
1. Holdings of Director, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	533,750	187,500
As a percentage of issued share capital	0.16 %	0.06 %
No. of shares held after the change	593,750	187,500
As a percentage of issued share capital	0.18 %	0.06 %

Footnotes

Mr. Eshed is deemed a shareholder of the Company by virtue of of 593,750 shares of the Company held by Union Bank of Israel Ltd. and 187,500 shares of the Company held by the Company's trustee pursuant to its Shares Option Plan.