Elbit Imaging Ltd. (TASE: EMIT, Nasdaq: EMITF), announced today that the public tender component of its Israeli public offering of Series F Debentures and Series 1 Convertible Debentures, previously announced today, August 2, 2009, has been concluded. The final pricing information relating to the public offering is as follows:

  
    - NIS 141,564 principal amount of Series F Debentures, at the
      price of NIS 1,096 per unit (each unit is comprised of NIS 1,000
      principal amount) representing a 5.5% yield per annum and an aggregate
      proceeds amount of approximately NIS 155.1 million. The additional
      Series F Debentures have the same terms as the original Series F
      Debentures; and
   
    - NIS 112,005 principal amount of Series 1 Convertible Debentures, at the
      price of NIS 1,061 per unit (each unit is comprised of NIS 1,000
      principal amount), with a fixed interest rate of 6.25% per annum,
      without linkage, representing a 4.78% yield per annum and an aggregate
      proceeds amount of approximately NIS 118.8 million. The Series 1 
      Convertible Debentures mature on December 31, 2014 and are convertible 
      into Elbit\'s ordinary shares at the price of NIS 128 per share until
      July  31, 2013 and at the price of NIS 200 per share thereafter until
      December  14, 2014.

    The issue of the above mentioned Series F Debentures and
Series 1 Convertible Debentures is expected to be completed no later than
August 4, 2009.

    The offering described in this press release, is being made in
Israel to residents of Israel only. The said debentures will not be
registered under the U.S. Securities Act of 1933 and will not be offered or
sold in the United States. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities.