Foresight Increases Ownership in Rail Vision Becoming Largest Shareholder

Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), an
innovator in automotive vision systems, announced today that it has
increased its ownership in Rail Vision Ltd. and is now the largest
shareholder. Foresight exercised $2.24 million of warrants, raising
their ownership stake to approximately 35% of issued and outstanding
shares and 34% on a fully diluted basis.

Rail Vision is a developer and market leader of unique solutions and
vision-based systems for advanced safety, asset and fleet management in
the rail industry. In December 2017, Rail Vision completed a successful
trial of its unique vision-based system with a leading European railway
company. The trial was conducted under harsh winter conditions with
minimal light and demonstrated the system’s real-time capabilities to
detect and classify obstacles at distances of several hundred meters.

“Foresight is pleased to increase its investment in Rail Vision,”
commented Haim Siboni, CEO of Foresight.
“We believe that, like in the automotive space, the next step is to
provide trains with sensors and processing capabilities, to prevent
accidents, reduce downtime, and increase productivity. Rail Vision is
uniquely positioned to offer these functionalities and provide systems
which have the potential to significantly reduce maintenance costs. Rail
Vision is a leader in cognitive vision systems that detect objects
before a train and make real-time decisions. We strongly believe that
Rail Vision’s capabilities will become the standard in this market.”

For more information about Foresight and its wholly owned subsidiary,
Foresight Automotive, please visit, follow @ForesightAuto
on Twitter, or join Foresight
Automotive on LinkedIn.

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), founded in
2015, is a technology company engaged in the design, development and
commercialization of stereo/quad-camera vision systems and V2X
cellular-based solutions for the automotive industry. Foresight’s vision
systems are based on 3D video analysis, advanced algorithms for image
processing and sensor fusion. The company, through its wholly owned
subsidiary Foresight Automotive Ltd., develops advanced systems for
accident prevention which are designed to provide real-time information
about the vehicle’s surroundings while in motion. The systems are
designed to improve driving safety by enabling highly accurate and
reliable threat detection while ensuring the lowest rates of false
alerts. The company’s systems are targeting the Advanced Driver
Assistance Systems (ADAS), semi-autonomous and autonomous vehicle
markets. The company predicts that its systems will revolutionize
automotive safety by providing an automotive-grade, cost-effective
platform and advanced technology.

Forward Looking Statements

This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Words
such as “expects,” “anticipates,” “intends,” “plans,” “believes,”
“seeks,” “estimates” and similar expressions or variations of such words
are intended to identify forward-looking statements. For example,
Foresight is using forward-looking statements in this press release when
it discusses the potential of Rail Vision’s products and that Rail
Vision’s capabilities will become the standard in the market. Because
such statements deal with future events and are based on Foresight’s
current expectations, they are subject to various risks and
uncertainties and actual results, performance or achievements of
Foresight could differ materially from those described in or implied by
the statements in this press release. The following factors, among
others, could cause actual results to differ materially from those
described in the forward-looking statements: the overall global economic
environment; the impact of competition and new technologies in the rail
industry; general market, political and economic conditions in the
countries in which Rail Vision operates; Rail Vision’s projected capital
expenditures and liquidity; changes in Rail Vision’s strategy; and any
litigation concerning Rail Vision.

The forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including those
discussed under the heading “Risk Factors” in Foresight’s annual report
on Form 20-F filed with the Securities and Exchange Commission (“SEC”)
on March 27, 2018, and in any subsequent filings with the SEC. Except as
otherwise required by law, Foresight undertakes no obligation to
publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. References and links to websites
have been provided as a convenience, and the information contained on
such websites is not incorporated by reference into this press release.
Foresight is not responsible for the contents of third party websites.

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