HERZLIYA, Israel, August 6, 2007 – Optibase Ltd. (NASDAQ: OBAS) announces that following the Tel Aviv Stock Exchange listing approval, Optibase has filed today with the Israel Securities Authority a listing document pursuant to which the Company's ordinary shares will be listed on the Tel Aviv Stock Exchange for trade on August 12, 2007.

About Optibase
Optibase provides professional encoding, decoding, video server upload and streaming solutions for telecom operators, service providers, broadcasters and content creators. The company’s platforms enable the creation, broadband streaming and playback of high quality digital video. Optibase’s breadth of product offerings are used in applications, such as: video over DSL/Fiber networks, post production for the broadcast and cables industries, archiving; high-end surveillance, distance learning; and business television. Headquartered in Israel, Optibase operates through its fully owned subsidiary in Mountain View, California and offices in, Japan, China, India and Singapore. Optibase products are marketed in over 40 countries through a combination of direct sales, independent distributors, system integrators and OEM partners.  For further information, please visit www.optibase.com