Elbit Imaging Defers Adoption of Compensation Policy

             Elbit Imaging Defers Adoption of Compensation Policy

PR Newswire

TEL AVIV, Israel, January 12, 2014

TEL AVIV, Israel, January 12, 2014 /PRNewswire/ --

Elbit Imaging Ltd. (the "Company") (TASE, NASDAQ: EMITF) announced today that
it has decided to defer the adoption of a compensation policy for the
Company's directors and officers pursuant to the Israeli Companies Law. As
previously announced, on January 1, 2014, the Tel-Aviv Jaffa District Court
approved the Company's adjusted plan of arrangement for a restructuring of the
Company's unsecured financial debt, among other things. The Company expects
that following the consummation of the restructuring, the shareholders of the
Company will elect a new board of directors, which will formulate the
Company's business strategy, including a compensation policy for the Company's
officers and directors. 

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, the Company operate and
manage commercial and entertainment centers prior to their sale; (ii) Hotels -
Hotel operation and management; (iii) 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; (iv) Residential Projects -
Initiation, construction and sale of residential projects and other mixed-use
real property projects, predominately residential, located primarily in India;
and (v) Fashion Apparel - Distribution and marketing of fashion apparel and
accessories in Israel.

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, that
challenges by third parties or other events outside the control of the Company
could delay the implementation of the Arrangement and result in its
termination, that the Company will be unable to close the agreement with Bank
Hapoalim, the risk that the Company will enter liquidation proceedings, 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, 2012, 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.