Saverone Enters The Military Uav Market Signs Term Sheet To Acquire 33.3% Of Gryphen Aircraft Industries, With An Option To Increase To 53% At A €30 Million Valuation

Saverone 2014 Ltd TASE:SVRE-L:

• SAVERONE ENTERS THE MILITARY UAV MARKET: SIGNS TERM SHEET TO ACQUIRE 33.3% OF GRYPHEN AIRCRAFT INDUSTRIES, WITH AN OPTION TO INCREASE TO 53% AT A €30 MILLION VALUATION

• SAVERONE 2014 - ENTERS NON-BINDING TERM SHEET TO INVEST IN GRYPHEN AIRCRAFT INDUSTRIES

• SAVERONE 2014 - TO INVEST €5 MILLION FOR 33.3% OF GRYPHEN

• SAVERONE 2014 - MAY INCREASE OWNERSHIP IN GRYPHEN TO 53% AT €30 MILLION VALUATION