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XTL Biopharmaceuticals Extraordinary General Meetings Postponed Until October 10, 2008

Friday, October 3, 2008 General News
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VALLEY COTTAGE, N.Y., Oct. 2 XTLBiopharmaceuticals Ltd. (Nasdaq: XTLB; TASE: XTL) today announced that itsExtraordinary General Meetings ("EGMs") were postponed until October 10, 2008in accordance with its articles of association due to the absence of a quorum.The postponed EGMs will take place at the offices of Kantor & Co. Law Offices,14 Abba Hillel Silver Road, Oz House, 12th Floor, Ramat Gan, Israel at 3:00p.m. Israel time, and 5:30 p.m. Israel time, respectively, on October 10,2008.
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Any proxy votes received at any time up to 48 hours prior to the postponedEGMs will be included in the total votes counted for the EGMs. Thoseshareholders who have a valid "proof of ownership" in Israel or a letter ofrepresentation from Computershare, the Company's United Kingdom registrars,and attend the meeting in person will also be permitted to vote.
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ABOUT XTL BIOPHARMACEUTICALS LTD.

XTL Biopharmaceuticals Ltd. ("XTL") is engaged in the development oftherapeutics for the treatment of diabetic neuropathic pain and HCV. XTL isdeveloping Bicifadine, a serotonin and norepinephrine reuptake inhibitor, forthe treatment of diabetic neuropathic pain, which is currently in a Phase 2bstudy. XTL has out-licensed its novel pre-clinical HCV small moleculeinhibitor program. XTL also has an active in-licensing and acquisition programdesigned to identify and acquire additional drug candidates. XTL is publiclytraded on the NASDAQ and Tel-Aviv Stock Exchanges (NASDAQ: XTLB; TASE: XTL).

SOURCE XTL Biopharmaceuticals Ltd.
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