Exhibit 2

SPECIAL GENERAL MEETING OF SHAREHOLDERS OF

HADERA PAPER LTD.

July 7, 2011

Please date, sign and mail

your proxy card in the

envelope provided as soon as possible.

 ↓ Please detach along perforated line and mail in the envelope provided. ↓

THE BOARD OF DIRECTORS OF THE COMPANY RECOMMENDS A VOTE "FOR" THE PROPOSAL LISTED BELOW.

PLEASESIGN,DATEANDRETURNPROMPTLYINTHEENCLOSEDENVELOPE. PLEASEMARKYOURVOTEINBLUEORBLACKINKASSHOWNHERE  x

	SPECIAL GENERAL MEETING
		FOR	AGAINST	ABSTAIN
1.	Re-election of Ms. Atalya Arad to serve as an external director of the Company for another three year term, commencing July 10, 2011.	o	o	o
		YES	NO
	Are you a controlling shareholder in the Company, or have a personal interest in the election of Ms. Arad (other than a personal interest unrelated to relationships with a controlling shareholder of the Company? (Please note: If you do not mark either Yes or No, your shares will not be voted).	o	o

To change the address on your account, please check the box at right and indicate your new address in the address space above.   Please note that changes to the registered name(s) on the account may not be submitted via this method.	o
This proxy, when properly executed, will be voted in the manner directed herein by the undersigned shareholder. If no direction is made, the proxy will be NOT be voted for proposal 1. Should any other matter requiring a vote of the shareholders arise, the proxies named above are authorized to vote in accordance with their best judgment in the interest of the Company.		PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY PROMPTLY USING THE ENCLOSED ADDRESSED ENVELOPE. IF YOU DO NOT SIGN AND RETURN A PROXY OR ATTEND THE MEETING AND VOTE, YOUR SHARES CAN NOT BE VOTED.

Signature of Shareholder     Date:      Signature of Shareholder     Date:

  Note: Please sign exactly as your name or names appear on this Proxy.  When shares are held jointly, each holder should sign.   When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such.  If signer is a partnership, please sign in partnership name by authorized person.

HADERA PAPER LTD.

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

I, the undersigned shareholder of Hadera Paper Ltd. (the “Company”), do hereby nominate, constitute and appoint Yael Nevo and Shaul Gliksberg, or any one of them, my true and lawful proxy and attorney(s) with full power of substitution for me and in my name, place and stead, to represent and vote all of the ordinary shares, par value NIS 0.01 per share, of the Company, held in my name on its books as of June 6, 2011, at the Special General Meeting of Shareholders to be held on July 7, 2011 (or as otherwise adjourned). By my signature, I herby revoke any and all proxies previously given.

(Continued and to be signed on the reverse side)