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Elbit Imaging Ltd. Announces Interest Rate for the Next Interest Period for Series...

Tue Apr 8, 2008 9:31am EDT
Elbit Imaging Ltd. Announces Interest Rate for the Next Interest Period for
Series B Notes

TEL AVIV, Israel, April 8, 2008 /PRNewswire-FirstCall/ -- Elbit Imaging
Ltd. ("EMI" or the "Company") (Nasdaq: EMITF), announced today, in accordance
with Section 4 of the "Terms Behind the Page" of Series B Notes of the
Company, that the interest rate borne by Series B Notes for the interest
period beginning on February 21, 2008 and ending on August 20, 2008 is
2.8603%.
    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, unexpected results of litigation proceedings, 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, 2006, filed with the Securities and Exchange Commission on July
3, 2007.
     Company Contact                            Investor Contact
     Shimon Yitzhaki, President                 Leslie Wolf-Creutzfeldt
     Elbit Imaging Ltd.                         The Global Consulting Group
     (972-3) 608-6000                           1-646-284-9472
     syitzhaki@elbitimaging.com                 lcreutzfeldt@hfgcg.com

     Dudi Machluf, CFO
     Elbit Imaging Ltd.
     (972-3) 608-6024
     dudim@elbitimaging.com

SOURCE  Elbit Imaging Ltd.

Shimon Yitzhaki, President, +972-3-608-6000, syitzhaki@elbitimaging.com, or
Dudi Machluf, CFO, +972-3-608-6024, dudim@elbitimaging.com, both of Elbit
Imaging Ltd.; or Investors, Leslie Wolf-Creutzfeldt of The Global Consulting
Group for Elbit Imaging Ltd., +1-646-284-9472, lcreutzfeldt@hfgcg.com



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