Cell Kinetics Ltd. has to amend the company's Articles of Association to reflect the increase of share capital at the Annual General Meeting to be held on October 13, 2009.

Cell Kinetics Ltd., Annual General Meeting, Oct 13, 2009, at 08:00 GMT Time. Location: Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co., 40th Floor, Round Building, One Azrieli Center, Tel Aviv 67021, Israel. Agenda: To reelect Board of Directors until the company's next annual general meeting of shareholders; to approve the compensation to Directors; to approve one time payment of $1,500 to Chairman of the Board; to authorize as compensation quarterly payments of up to $4,500 each to the presiding Chairman; to approve the grant of options to purchase 25,000 Ordinary Shares, to be granted to the company's directors; to approve the grant of options to purchase 10,000 Ordinary Shares, to be granted to directors; to increase the share capital shall be ILS 5,000,000, divided into 500,000,000 Ordinary Shares, nominal value ILS 0.01 each, and to amend the Articles of Association to reflect such increase of share capital; to approve an extension of certain expiration dates for options held by all directors; to re-appoint Kost Forer Gabbay & Kasierer as the independent auditors for the year ending December 31, 2009; to receive audited financial statements for the year ended December 31, 2008.

Cell Kinetics Ltd. announced to reduce its operating expenses to avoid a situation in which it would be unable to meet its financial obligations to its employees and suppliers. As a result, the company has decided to dismiss all of its employees except for the company's administrative assistant. The dismissals will be effective at the end of August, except for the dismissal of the company's vice president (research and development) and chief operating officer, Asaf Halamish, which will be effective at the end of September.