Alon Blue Square Israel Ltd. announced today that the New York Stock Exchange notified the Company on , it is also no longer in compliance with NYSE Continued Listing Standards because its average market capitalization and its last reported stockholders' equity are below continued listing standards. The NYSE requires that a listed company's average global market capitalization be not less than Under the NYSE listing rules applicable to foreign private issuers , the Company has 90 days from the receipt of the notice to submit a business plan that demonstrates how it intends to regain compliance with this continued listed standard within 18 months of the receipt of the notice.