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

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

TEL AVIV, Israel, June 10 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd.
("EI") (NASDAQ: EMITF), announced today that Midroog Ltd., an affiliate of
Moody's Investors Services, has informed EI that its "A2/Stable" rating, on a
local scale, would also apply to new debt instruments in an aggregate
principal amount of up to NIS 200 million that EI may issue in the future. EI
has made no decision with respect to any future debt offering, and there is
no certainty that any such debt offering will be executed.
Any future debt offering, if made, will be made in Israel to residents of
Israel only, and any debt instruments that may be offered will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from U.S. registration requirements.
About Elbit Imaging Ltd.
Elbit Imaging Ltd. ("EI") is a subsidiary of Europe Israel (M.M.S.) Ltd.
EI's activities are divided into the following principal fields: (i)
Initiation, construction, operation, management and sale of shopping and
entertainment centers in Israel, Central and Eastern Europe and India; (ii)
Hotels ownership, primarily in major European cities, as well as operation,
management and sale of same through its subsidiary, Elscint Ltd.; (iii)
Investments in the research and development, production and marketing of
magnetic resonance imaging guided focused ultrasound treatment equipment,
through its subsidiary, InSightec Ltd.; and (iv) Other activities consisting
of the distribution and marketing of women's fashion and accessories through
our wholly-owned Israeli subsidiary, Elbit Trade & Retail Ltd., and
venture-capital investments.
Any forward looking statements with respect to EI's business, financial
condition and results of operations included in this release are subject to
risks and uncertainties that could cause actual results to differ materially
from those contemplated in such forward looking statements, including, but
not limited to, ability to find suitable locations, receipt of approvals and
permits for zoning and construction, delays in construction, dependency on
partners in the hotels business, competition, risks relating to operations in
Eastern Europe and Asia (including India) and risks relating to our image
guided treatment, economic conditions, as well as certain other risk factors
which are detailed from time to time in EI's filings with the Securities and
Exchange Commission including, without limitation, Annual Report on Form 20-F
for the fiscal year ended December 31, 2007, filed with the Securities 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 Imaging Ltd.
+972-3-608-6024
dudim@elbitimaging.com
Investor Contact

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

SOURCE Elbit Imaging Ltd.

Company Contact: Shimon Yitzhaki, President, Elbit Imaging Ltd.,
+972-3-608-6000, syitzhaki@elbitimaging.com; Dudi Machluf, CFO, Elbit Imaging
Ltd., +972-3-608-6024, dudim@elbitimaging.com; Investor Contact: Mor Dagan,
Investor Relations, Tel:+972-3-516-7620, mor@km-ir.co.il