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Elbit Imaging to Suspend Interest Payments to All Note Holders



        Elbit Imaging to Suspend Interest Payments to All Note Holders

PR Newswire

TEL AVIV, Israel, February 19, 2013

TEL AVIV, Israel, February 19, 2013 /PRNewswire/ --

Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced
today, further to its announcement dated February 5, 2013, that its Board of
Directors had decided, after assessment of the Company's current situation,
taking into account the needs of the Company, the complexity of the
negotiation process in reaching an agreement with all the relevant parties
about a possible restructuring, and the divergent positions of various parties
in respect to the payment of interest to the note holders, to currently
suspend also the interest payments to all note holders, and to re-assess the
situation as it develops from time to time.

About Elbit Imaging Ltd.

Elbit Imaging Ltd. operates in the following principal fields of business: (i)
Commercial and Entertainment Centers - Initiation, construction and sale of
shopping and entertainment centers and other mixed-use real property projects,
predominantly in the retail sector, located in Central and Eastern Europe and
in India, primarily through its subsidiary Plaza Centers N.V. In certain
circumstances and depending on market conditions, we operate and manage
commercial and entertainment centers prior to their sale; (ii) U.S. Real
Property - Investment in commercial real property in the United States; (iii)
Hotels - Hotel operation and management; (iv) Medical Industries - (a)
research and development, production and marketing of magnetic resonance
imaging guided focused ultrasound treatment equipment and (b) development of
stem cell population expansion technologies and stem cell therapy products for
transplantation and regenerative medicine; (v) Residential Projects -
Initiation, construction and sale of residential projects and other mixed-use
real property projects, predominately residential, located primarily in India;
(vi) Fashion Apparel - Distribution and marketing of fashion apparel and
accessories in Israel; and (vii) Other Activity - venture capital investments.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

Any forward-looking statements in our releases include statements regarding
the intent, belief or current expectations of Elbit Imaging Ltd. and our
management about our business, financial condition, results of operations, and
its relationship with its employees and the condition of our properties. Words
such as "believe," "would," "expect," "intend," "estimate" and similar
expressions are intended to identify forward-looking statements but are not
the exclusive means of identifying such statements. Actual results may differ
materially from those projected, expressed or implied in the forward-looking
statements as a result of various factors including, without limitation, the
risk that creditors would take legal action against the Company, that an
agreement relating to a possible restructuring of the Company will not be
reached, that any proposed restructuring will not be approved by all the
applicable stakeholders of the Company, the Court or others, that challenges
by third parties or other events outside the control of the Company could
delay the negotiations or the implementation of the restructuring and result
in the termination thereof, and the factors set forth in our filings with the
Securities and Exchange Commission including, without limitation, Item 3.D of
our annual report on Form 20-F for the fiscal year ended December 31, 2011,
under the caption "Risk Factors." Any forward-looking statements contained in
our releases speak only as of the date of such release, and we caution
existing and prospective investors not to place undue reliance on such
statements. Such forward-looking statements do not purport to be predictions
of future events or circumstances, and therefore, there can be no assurance
that any forward-looking statement contained our releases will prove to be
accurate. We undertake no obligation to update or revise any forward-looking
statements.

For Further Information:

Company Contact:
Shimon Yitzhaki
Chairman of the Board of Directors
Tel: +972-3-608-6048
shimony@elbitimaging.com

Investor Contact:
Mor Dagan
Investor Relations
Tel: +972-3-516-7620
mor@km-ir.co.il

SOURCE Elbit Imaging Ltd.
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