NOTIFICATION OF MAJOR INTEREST IN SHARES

19th Jan 2009 11:50

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are

Emblaze Ltd attached:

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments which may result in the acquisition of shares already issues to which voting rights are attached An event changing the breakdown of voting rights

Other (please specify): 3. Full name of person(s) subject to the Fortissimo Capital Management Ltd notification obligation:

4. Full name of shareholder(s) (if different

N/A from 3.):

5. Date of the transaction and date on which the threshold is crossed or

January 13, 2009 reached:

6. Date on which issuer notified:

January 18, 2009

7. Threshold(s) that is/are crossed or

15% reached: 8. Notified details:

A: Voting rights attached to shares Class/type Situation previous Resulting situation after the triggering transaction of to the Triggering shares transaction if possible Number Number Number Number of voting % of voting using of of of shares rights rights the ISIN Shares Voting CODE Rights Direct Direct Indirect Direct Indirect Ordinary Shares 15,814,402 15,814,402 17,966,558 17,966,558 16% IL0010830219 B: Financial Instruments

Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Conversion Number of voting % of voting instrument Period/ Date rights that may be rights date acquired if the instrument is exercised/ converted. Total (A+B) Number of voting rights % of voting rights 17,966,558 16%

9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable: Fortissimo Capital Management Ltd, is the management company of the following affiliated funds on whose behalf it acquired shares: Fortissimo Capital Fund (Israel) LP; Fortissimo Capital Fund (Israel-DP), LP; Fortissimo Capital Fund, LP; and Fortissimo Capital

Fund II (Israel) LP. Proxy Voting: 10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease

to hold:

12. Date on which proxy holder will cease to hold

voting rights: 13. Additional information: Notification using the total voting rights figure of

111,718,432, as most recently

disclosed by the issuer on December 18, 2008. 14. Contact name: Hagit Gal, Emblaze Ltd

15. Contact telephone number:

972 9 769 9302/39

vendor

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Related Shares:

BSD.L