Blue Square-Israel Ltd. announced today that in accordance with a decision made by the Board of Directors, an interim cash dividend of $0.25 per share will be paid on or about July 27, 2000. The dividend, net of taxes to be withheld at source and in compliance with Israel's foreign currency law, will be paid to shareholders of record as of the close of business on July 17, 2000. Blue Square is a leading retailer in Israel. A pioneer of modern food retailing in the region, Blue Square currently operates 166 supermarkets under different formats, each offering varying levels of service and pricing. For more information, please refer to Blue Square's website at