Exhibit 1

 NEWS

 For Release: IMMEDIATE

Hadera Paper Ltd.

Announces Availability of its Annual Report on Form 20-F through its Website

        Hadera, Israel, June 20, 2010 – Hadera Paper Ltd. (AMEX:AIP) announced today that its annual report on Form 20-F, containing audited consolidated financial statements for the year ended December 31, 2009, as filed with the Securities and Exchange Commission on June 16, 2010, is available through its website www.hadera-paper.co.il.

Shareholders may receive a hard copy of the annual report free of charge upon request.

Contact:

Lea Katz, Adv.

Corporate Secretary and Chief of Legal Department

Hadera Paper Ltd. Group

Tel:+972-4-6349408

Leak@hadera-paper.co.il