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AMPAL-AMERICAN ISRAEL CORPORATION AND SUBSIDIARIES
SCHEDULE SETTING FORTH COMPUTATION OF EARNINGS PER SHARE OF CLASS A STOCK
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NINE MONTHS ENDED SEPTEMBER 30, 2000 1999
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(Dollars in thousands, except per share amounts) (Unaudited) (Unaudited)
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BASIC EPS
Income from continuing operations ....................................... $ 8,579(1) $ 26,110(1)
Loss from discontinued operations ....................................... -- (2,676)
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Net income ............................................................ $ 8,579 $ 23,434
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Earnings per Class A share:
Earnings from continuing operations ................................... $ .46 $ 1.20
Loss from discontinued operations ..................................... -- (.12)
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Earnings per Class A share .............................................. $ .46 $ 1.08
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Weighted average number of Class A
Shares outstanding .................................................... 18,853 21,772
DILUTED EPS
Income from continuing operations ....................................... $ 8,756 $ 26,326
Loss from discontinued operations ....................................... -- (2,676)
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Net income ............................................................ $ 8,756 $ 23,650
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Earnings per Class A share:
Earnings from continuing operations ................................... $ .40 $ 1.04
Loss from discontinued operations ..................................... -- (.10)
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Earnings per Class A share .............................................. $ .40 $ .94
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Weighted average number of Class A Shares outstanding assuming conversion of
preferred stock into Class A shares and the exercise
of stock options ........................................................ 21,813 25,208
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(1) After deduction of accrued preferred stock dividends of $177 and $216,
respectively.
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