Ituran Location and Control Ltd Gives Notice of Annual General Meeting of Shareholders

AZOUR, Israel, December 4, 2008: Ituran Location and Control Ltd. , announced today that the annual general meeting of shareholders of Ituran Location and Control Ltd. (the "Company") will be held at the Company's headquarters located at 3 Hashikma Street, Azour, Israel, on January 22, 2009, at 3 p.m. local time for the following purposes:

(1) To receive and discuss the audited Consolidated Financial Statements of the Company for the year ended December 31, 2007.

(2) To renew the appointment of the firm of Fahn Kanne & co. (a member firm of Grant Thornton international) as the Company's independent auditors for the year ending December 31, 2008 and until the Company's next annual general meeting and authorize the Audit Committee of the Company to determine their remuneration.

(3) To re-elect the following persons to serve as directors for additional period until third succeeding Annual meeting thereafter: Yehuda Kahane, Avner Kurtz, Nir Sheratzky.

(4) To re-elect the following external directors to office: Israel Baron, Dr. Orna Ophir for an additional term of three years.

Only shareholders of record on December 14, 2008 are entitled to receive notice of and vote at the Annual Meeting.