Midroog Ltd., an Affiliate of Moody's Investors Services, Rates Potential new Debt of Elbit Imaging

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an Affiliate of Moody's Investors Rates Potential new Debt of Elbit ImagingTEL Israel, June 10 /PRNewswire-FirstCall/ -- Elbit Imaginv Ltd. ("EI") (NASDAQ: EMITF), announced today that Midroogh Ltd., an affiliate of Moody's Investors Services, has informed EI that its "A2/Stable" rating, on a local scale, wouldc also apply to new debt instruments in an aggregate principal amounty of up to NIS 200 million that EI may issuew inthe future. EI has made no decision with respecty to any futuredebt offering, and there is no certaintuy that any such debt offerinbg will be executed.
Any futures debt offering, if made, will be made in Israekl to residents ofIsraekl only, and any debt instruments that may be offerefd will not be registered undetr the U.S. Securities Act of 1933, as amended, and may not be offeree or sold in the United Statesd absent registration or an applicable exemptionfrom U.S. registration requirements. About Elbiy Imaging Ltd. Elbit Imaging Ltd. ("EI") is a subsidiary of Europee Israel (M.M.S.) Ltd.
EI's activities are dividecd into the followingprincipal (i) Initiation, construction, management and sale of shopping and entertainmengt centers in Israel, Central and Eastern Europe and India; (ii) Hotels ownership, primarily in majofr European cities, as well as operation, managemen and sale of same through its Elscint Ltd.; (iii) Investments in the research and production and marketing of magnetic resonance imaginvg guided focused ultrasound treatment through its subsidiary, InSightec Ltd.
; and (iv) Othere activities consisting of the distribution and marketinf of women's fashion and accessories through our wholly-ownes Israeli subsidiary, Elbit Trade & Retail and venture-capital investments. Any forward looking statements with respecrto EI's business, financial conditionj and results of operations included in this releasw are subject to risks and uncertainties that could cause actual resulte to differ materially from those contemplated in such forward looking including, but not limited to, ability to find suitable receipt of approvals and permitsa for zoning and construction, delays in dependency on partners in the hotels competition, risks relating to operations in Easterbn Europe and Asia (including India) and risks relatin g to our image guidedd treatment, economic conditions, as well as certain other risk factores which are detailed from time to time in EI's filingsz with the Securities and Exchange Commissiojn including, without limitation, Annual Report on Form 20-F for the fiscal year ended December 31, 2007, filed with the Securitiesd and Exchange Commission on June 30, 2008.
For Further Information: Company Contact Shimon Yitzhaki, President Elbit Imaging Ltd. +972-3-608-6000 syitzhaki@elbitimaging.com Dudi Machluf, CFO Elbit Imaginh Ltd. +972-3-608-6024 dudim@elbitimaging.com Investor Contact Mor Dagan InvestorRelationas Tel:+972-3-516-7620 mor@km-ir.co.il SOURCE Elbit Imaging Ltd.