Mr. George Malikotsis reports

SENVEST CAPITAL INC. ANNOUNCES AMENDMENT AND INCREASE TO NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Senvest Capital Inc.'s notice of intention to amend its previously announced normal course issuer bid (NCIB) to increase the number of common shares of the corporation that the corporation may repurchase for cancellation under the NCIB from 70,000 common shares, or 2.67 per cent of the corporation's issued and outstanding common shares as of Aug. 1, 2020, to 100,000 common shares, representing 3.81 per cent of the corporation's issued and outstanding common shares as of Aug. 1, 2020.

Under the NCIB, which commenced on Aug. 14, 2020, the corporation has repurchased a total of 62,100 common shares through the facilities of the TSX and through eligible alternative trading systems at a weighted average price of $174.39 per common share as of the date hereof.

Other than the increase to the maximum number of common shares that may be purchased by the corporation pursuant to the NCIB, no further amendments have been made to the NCIB and the NCIB is still set to terminate on Aug. 13, 2021. For further details regarding the NCIB, please refer to the corporation's prior news release dated Aug. 11, 2020.

Senvest Capital and its subsidiaries have business activities in merchant banking, asset management, real estate and electronic security.