Avraham Shochat, 70, has served as a director of Alon since October 2005. From 1988 to January 2006 he served as a member of the Israeli Parliament, where he chaired or was a member of various committees including economics, finance, defense, foreign affairs and education. From 1992 to 1996 and 1999 to 2001, Mr. Shochat served as Israel’s Minister of Finance and from October 2000 to March 2001 as the country’s Minister of Infrastructure. Mr. Shochat also serves as a director of Israel Chemicals Ltd., a company engaged in the development, manufacture and marketing of fertilizers and industrial and performance products traded on the Tel Aviv Stock Exchange; and Bank Mizrahi Tefahot Ltd., Israel’s fourth largest bank traded on the Tel Aviv Stock Exchange, and Direct Insurance Financial Investments Ltd., an insurance company traded on the Tel Aviv Stock Exchange.