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Magic Software Reports That its Former CEO Filed an Additional Request for Relief and a Claim in the Tel Aviv Labor Court

OR YEHUDA, Israel, May 6 /PRNewswire-FirstCall/ — Magic Software Enterprises Ltd. (NASDAQ: MGIC), a leading provider of business integration and application development technology, today announced that its former President and CEO, Mr. Eitan Naor, filed today a claim and request for relief against the Company and its Chairman, Mr. Guy Bernstein, in the Tel Aviv Labor Court. This request for relief follows an ex parte request for relief filed by Mr. Naor on April 17, 2008 that was denied. The Labor Court has scheduled a hearing on the matter on May 12, 2008.

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