SPECIAL COLLECTIVE AGREEMENT

Collective Bargaining Agreement

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BLUE SQUARE - ISRAEL LTD | MAOF HISTADRUT

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Title: SPECIAL COLLECTIVE AGREEMENT
Date: 6/30/2005
Industry: RTFOOD

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20-F

Exhibit 4.15

[unofficial translation from Hebrew original]

SPECIAL COLLECTIVE AGREEMENT

Executed this 21^stday of January 2005.

Between:

And:

BLUE SQUARE - ISRAEL LTD.
(hereinafter - “the Company”)

THE MAOF HISTADRUT
Workers Committee
(hereinafter - “the Workers' Representation”)

of the one part

of the other part

WHEREAS

In order to withstand the competition which the Company faces in the market, changes in the terms of employment of the employees as embodied in the collective agreements that apply to the parties are needed.

Now therefore it is agreed, stipulated and declared by the parties as follows:

1.	The preamble to this Agreement constitutes an integral part hereof.

2.	This Agreement does not have the effect of altering the salary conditions and terms of employment of the employees of the Company in accordance with existing special collective agreements, special collective arrangements and/or the customs and usages which exist between the parties.

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