CaesarStone Sdot-Yam Ltd. announced that following the resignation of its director, Ram Belinkov, as it
previously announced the Company's board of directors consisted of 10 members, five of whom satisfied the
independence requirements of the NASDAQ Stock Market. As a result, the Company was non-compliant
with the Nasdaq rule requiring that a majority of its board be comprised of directors that satisfy NASDAQ's
independence requirements. The Company informed NASDAQ of this fact and, on September 24, 2015, the Company
received a notice of deficiency (the Notice") from NASDAQ. The Notice indicated that, consistent with NASDAQ
Listing Rule 5605(b)(1)(A), NASDAQ would provide the Company a cure period in order to regain compliance within
the time period set forth in those rules. Following the resignation of its director, Mr. Avner Naveh, as announced by the Company, the Company's board of directors consists of nine members, five of whom satisfy the independence requirements of NASDAQ.