Alon Holdings Blue Square Israel Ltd Announces Filing of its Annual Report on Form 20-F

ROSH HAAYIN, Israel, July 19, 2011 /PRNewswire/ --

Alon Holdings Blue Square-Israel Ltd. (NYSE: BSI) (hereinafter: "Alon Holdings") announced that it filed on June 30, 2011 its Annual Report on Form 20-F for the year ended December 31, 2010, and on July 6, 2011 an amendment to the Annual Report. Copies of the Annual Report on Form 20-F and the amendment are available to be viewed or downloaded on Alon Holdings' website at http://WWW.BSI.CO.IL. In addition, shareholders of Alon Holdings may obtain, free of charge, a printed copy of Alon Holdings' complete audited financial statements, by sending a request to Alon Holdings' CFO, Mr. Dror Moran (email: [email protected] ), or by calling +972-3-9282220.

Alon Holdings Blue Square- Israel Ltd. (hereinafter: "Alon Holdings") is the leading retail company in the State of Israel and operates in four reporting segments: In its Supermarket segment, as a pioneer of modern food retailing, Alon Holdings, through its 100% subsidiary, Mega Retail Ltd., currently operates 209 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In the Commercial and Fueling Sites segment, Alon Holdings, through its Tel Aviv Stock Exchange ("TASE") traded 78.38% subsidiary, Dor Alon Energy in Israel (1988) Ltd., is one of the four largest fuel retail companies in Israel based on the number of fueling stations, and a leader in the field of convenience stores. Dor Alon currently operates a chain of 189 fueling stations and 183 convenience stores in different formats in Israel. In its "Non-Food" segment, Alon Holdings, through its 100% subsidiary BEE Group Retail Ltd., operates specialist outlets in self-operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In its Real Estate segment, Alon Holdings, through its TASE traded 78.26% subsidiary Blue Square Real Estate Ltd., owns, leases and develops yield generating commercial properties and projects.

This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.  Forward-looking statements may include, but are not limited to, plans or projections about our business and our future revenues, expenses and profitability. Forward-looking statements may be, but are not necessarily, identified by the use of forward-looking terminology such as "may," "anticipates," "estimates," "expects," "intends," "plans," "believes," and words and terms of similar substance.  Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events, results, performance, circumstance and achievements to be materially different from any future events, results, performance, circumstance and achievements expressed or implied by such forward-looking statements.  These risks, uncertainties and other factors include, but are not limited to, the following:  the effect of the recession in Israel on the sales in our storesand fueling stations and on our profitability; our ability to compete effectively against low-priced supermarkets and other competitors and in the market in which Dor Alon sells its products; quarterly fluctuations in our operating results that may cause volatility of our ADS and share price; risks associated with our dependence on a limited number of key suppliers for products that we sell in our stores; the effect of an increase in the minimum wage in Israel on our operating results; the effect of any actions taken by the Israeli Antitrust Authority on our ability to execute our business strategy and on our profitability; the effect of increases in oil, raw material and product prices in recent years; the effects of damage to our reputation or to the reputation of our store brands due to reports in the media or otherwise; and other risks, uncertainties and factors disclosed in our filings with the U.S. Securities and Exchange Commission (SEC), including, but not limited to, risks, uncertainties and factors identified under the heading "Risk Factors" in our in our Annual Report on Form 20-F for the year ended December 31, 2010.  You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  Except for our ongoing obligations to disclose material information under the applicable securities laws, we undertake no obligation to update the forward-looking information contained in this press release.

Contact:
     Alon Holdings Blue Square-Israel Ltd.
     Ortal Klein
     Corporate Secretary
     Telephone: +972-9-9618504
     Fax: +972-9-9618636
     Email: [email protected]

SOURCE Alon Holdings Blue Square Israel Ltd