Clal Industries and Investments Ltd. disposes of securities of Unity Wireless Corporation



    TEL AVIV, Israel, Nov. 12 /CNW/ - Clal Industries and Investments Ltd.
announced today that it, Clal Electronics Industries Ltd and Clal Venture
Capital Fund Management Ltd. (collectively, the "Sellers") sold to
Infinity-NSF Fund, L.P., a Cayman Islands exempted limited partnership, all of
their securities of Unity Wireless Corporation (the "Company") consisting of
5,126.416 series B preferred shares (the "Purchased Shares") of the Company,
warrants to purchase an aggregate of 2,278,412 shares of common stock (the
"Celletra Warrants"), warrants to purchase an aggregate of 119,963 shares of
common stock (the "Avantra Warrants"), and notes (the "Notes", and together
with the Purchased Shares, the Celletra Warrants and the Avantra Warrants, the
"Securities") in the principal amount of $349,893.48, for an aggregate
purchase price of $100,000. The Notes, which matured on June 12, 2007, are
convertible into shares of common stock of the Company, at a price of
$0.25 per share, subject to adjustments. Together, the Securities represent
5.01% of the outstanding common shares of the Company, based on 168,180,964
common shares outstanding as at August 17, 2007. As a result of the
transaction, the Sellers do not beneficially own, directly or indirectly, or
exercise control or direction over any securities of the Company.





For further information:

For further information: Sarit Hecht, Corporate Secretary, Clal
Industries and Investments Ltd, 3 Azrieli Center, Triangular Tower, Tel-Aviv
67023, Israel, Tel: 972-3-6075794

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CLAL INDUSTRIES AND INVESTMENTS LTD.

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