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Optibase, Ltd. to Report Fourth Quarter and Year End 2008 Results on February 25, 2009

Optibase, Ltd. (NASDAQ: OBAS), a leading provider of advanced video streaming platforms, today announced that it will report fourth quarter and year end 2008 earnings results on Wednesday, February 25, 2009 during pre-market hours.

The Company will hold a conference call at 9:00 a.m. EST on Wednesday, February 25, 2009 for interested investors, analysts and portfolio managers. The conference call will be available as a live, listen-only webcast. To listen to the webcast, please go to www.kcsa.com approximately twenty minutes before the conference call is scheduled to begin. You may need to download and install any necessary audio software. The webcast will be archived for 30 days.

About Optibase

Optibase provides video over IP solutions, specializing in video encoding, decoding and streaming for federal and state government agencies, Telco operators, enterprise organizations and the world's leading broadcast service providers. With a collection of open, standards-based products, Optibase enables its customers to take full advantage of video distribution over their IP network, ensuring superb video quality in a scale of bit-rates for simple and effective video streaming to desktops, STBs and VOD applications. For further information, please visit www.optibase.com.

This press release contains forward-looking statements concerning our marketing and operations plans. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. All forward-looking statements in this press release are made based on management's current expectations which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. These statements involve a number of risks and uncertainties including, but not limited to, risks related to the video technologies market in general, and the evolving IPTV market in particular, competition, our ability to manage growth and expansion, general economic conditions and other risk factors. For a more detailed discussion of these and other risks that may cause actual results to differ from the forward looking statements in this news release, please refer to Optibase's most recent annual report on Form 20-F. The Company does not undertake any obligation to update forward-looking statements made herein.

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