Top Image Systems Updates Interest Rate on its Series A Convertible Debentures

Tel Aviv, Israel – June 15, 2010 –Top Image Systems, Ltd. (NASDAQ: TISA, TASE: TISA), announced today that the interest rate on Series A convertible debentures for the period beginning January 1, 2010 and ending June 30, 2010 is 0.228%. In addition, the company will pay on June 30, 2010 the remainder of its first installment amounted to 28.95%, together with an annual interest rate of 9% for the postponement period, in accordance with the debenture settlement principles approved on January 14, 2010.

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