Company Update

EMBLAZE LTD (LSE:BLZ) ("Emblaze" or the "Company") Company Update Herzeliya, Israel, 17 December 2013. Capitalised terms will have the meanings ascribed to them in the Company'sannouncements of 27 November 2013. Further to the Company's announcement of 16 December 2013, the Court has todayupheld the competing offer of the consortium led by Eduardo Elsztain and MottiBen-Moshe in respect to the acquisition of control of IDB. The Court hasfurther determined that its ruling shall take effect subject to determinationby the Israel Securities Authority, the Official Receiver and theCourt-appointed observer that sufficient information with respect to thecontrolling shareholders within the consortium led by Eduardo Elsztain andMotti Ben-Moshe was satisfactory provided and approved. Such determination isto be filed with the Court no later than 29 December 2013. The Company will continue to notify shareholders of any updates with regard tothe Proposed Transaction and/or any material changes to the terms of itsProposal by issuing further announcements via PRN, a Regulatory InformationService. All such announcements may also be viewed at the same time on theCompany's website at www.emblaze.com. Enquiries: Hagit Gal, Emblaze [email protected] Emblaze Group is traded on the London Stock Exchange (LSE: BLZ) since 1996.www.emblaze.com.