TAT Technologies Announces Appointment of a Receiver for its Shares Held by its Controlling Shareholder

TAT Technologies Ltd. (Nasdaq: TATT), a leading provider of services and products to the commercial and military aerospace and ground defense industries, today announced that on October 22, 2012 a lender to its controlling stockholder, TAT Industries Ltd. (“TAT Industries”), filed a petition in the Lod District Court requesting the appointment of a temporary receiver for the purpose of enforcing a lien granted to such lender by TAT Industries in TAT Industries’ approximately 43% ownership interest in TAT.

On October 23, 2012 the Court granted an ex-parte order to appoint a temporary receiver and ordered that the petition to enforce the lien be heard on October 24, 2012. If the lien is enforced, TAT’s shares owned by TAT Industries are subject to sale which would result in a change of control of TAT.

The lender which filed the above mentioned petition is not the same lender which filed a petition against KMN Industries Ltd., as described in TAT’s Current Report dated October 11, 2012.

PR Newswire (http://s.tt/1qOrz)