By letter dated January 17, 2013 (the "Letter"), Ampal-American Israel Corp. (the "Company") was notified that the NASDAQ Listing Qualifications Hearings Panel (the "Panel") has determined to delist the Company's Class A Stock (the "Class A Stock") from The NASDAQ Capital Market, and to suspend trading in the Class A Stock effective at the open of business on Tuesday, January 22, 2013.

The Class A Stock was subject to delisting due to the Company's (i) not being in compliance with the $2,500,000 minimum stockholders' equity listing requirement under Listing Rule 5550(b)(1) and (ii) filing a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court pursuant to Listing Rule 5110(b). On October 4, 2012, the Company appeared before the Panel to appeal the Panel's initial delisting determinations for the Company and the Panel decided on October 19, 2012 to continue the listing of the Class A Stock on The NASDAQ Capital Market, provided that the Company met several milestones toward completion of its compliance plan. On January 14, 2013, the Company informed the Panel that events had occurred that had precluded the approval of a restructuring plan by January 15, 2013, which was the deadline set by the Panel.

The Company intends to request that the NASDAQ Listing and Hearing Review Council review the Panel's decision, which it may do within 15 days from the date of the Letter, by submitting a written request pursuant to Listing Rule 5820(a). While the Class A Stock has been suspended from trading on The NASDAQ, the delisting is not effective pending the appeal.

The shares of Class A Stock have begun trading on the OTCQB Market during the appeal process under the trading symbol AMPLQ, which was effective with the open of the market on January 22, 2013.

On January 18, 2013, the Company issued a press release regarding the Letter, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(d) Exhibits:

EXHIBIT     DESCRIPTION

99.1        Press Release of Ampal-American Israel Corporation,
            dated January 18, 2013.