SARIN TECHNOLOGIES LTD: NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

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	22-Feb-2009 01:16:48
Announcement No.	00001
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	19/02/2009
2. Name of Substantial Shareholder *	Please See Appendix A
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Shareholding	10/12/2008
2. The change in the percentage level	From 7.37 % to 4.856 %
3. Circumstance(s) giving rise to the interest or change in interest	Sales in Open Market at Own Discretion
# Please specify details	See Footnotes
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change is a result of a series of transactions

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	19,219,000
As a percentage of issued share capital	0 %	7.37 %
No. of shares held after the change	0	12,661,000
As a percentage of issued share capital	0 %	4.856 %

Footnotes

The Notice of a Substantial Shareholder's Interest which was received by the Company refres to a series of changes: (a) From 7.175% to 6.832% on 20 October 2008; (b) from 6.013% to 5,967% on 6 November 2008; (c) from 5.311% to 4.856% on 10 December 2008. As the Number of shares held by the Substantial Shareholder on 20 October 2008 was not provided to the Company, we used the last number reported to the Company - as of 24 May 2007.

Attachment(s)

20090222_011648_U77_EE95547D4847526A4825756400595C0E.1.pdf