BSD.L Regulatory News (BSD)

Emblaze Ltd (LSE:BLZ) ("Emblaze" or "the Company") BGI Investments (1961) Ltd. Cash Offer Herzeliya, Israel, 24 January, 2014 Cash Offer Capitalised terms will have the meanings ascribed to them in the circular (the"Circular") published on 24 December, 2013 and sent to holders of Shares andDepositary Interests on 30 December 2013 setting out the terms of the Offer. Further to the Company's announcements of 24 December, 2013, 13 January, 2014and 16 January, 2014, BGI has informed the Company that as at 1.00pm today(being the last time and date for receipt of Forms of Acceptance, TTEInstructions from Depositary Interest Holders and Tax Declaration Forms), atotal of at least 43,097,977 Emblaze Shares from non-Interested Parties and57,377 Emblaze Shares from Interested Parties have been tendered in connectionwith the Offer, representing in aggregate, approximately 39.24% of the issuedEmblaze Shares. 23,766,166 shares of the Company were held by or on behalf of the BGI Group andChabad 770 BV prior to the Offer Period, representing 21.59% of the sharecapital of the Company. Together with call options open to Chabad 770 BV, theExtended Group held (or held options in relation to) approximately 43,016,965shares of the Company, representing 39.1% of the Existing Issued Share Capital. The number of acceptances exceed the number of Emblaze Shares to which theOffer relates and, having also been approved by a majority of those voting inrelation to the Offer, BGI has informed the Company that the Offer hastherefore become unconditional. Under Israeli law, those Shareholders who have not tendered their EmblazeShares or Depository Interests have the right to tender their Emblaze Shares orDepository Interests pursuant to the Offer (by using the Form of Acceptance orby submitting the relevant TTE instructions, as the case may be and as set outin the Circular) during an Additional Acceptance Period which expires at 1.00pmon 28 January, 2014. If any non-tendering Shareholder or Depository InterestHolder accepts the Offer during the Additional Acceptance Period, suchShareholder or Depository Interest Holder will be deemed to have accepted theOffer. In the meantime, those Shareholders who have already accepted the Offer need donothing and their acceptances will be treated in accordance with the terms setout in the Circular and the timetable set out below. Latest time and date for receipt of 1.00pm on 28 January, 2014Forms of Acceptance, TTE Instructions fromDepository Interest Holders and TaxDeclaration Forms, in circumstanceswhere there is an Additional AcceptancePeriod Outcome of Tender Offer announced by 8.00am on 29 January, 2014following Additional Acceptance Period Cheques despatched for Emblaze Shares by 11 February, 2014purchased pursuant to the Tender Offerand payment through CREST forDepository Interests purchased pursuantto the Tender Offer CREST accounts credited for revised by 11 February, 2014holdings of Depository Interests; and TFE instructions to be made in CREST by 11 February, 2014for the return of Depository Interestswhere a vote against the Offer has beenmade Despatch of balance share certificates by 11 February, 2014for unsold Emblaze Shares The Company will continue to notify shareholders of any updates with regard tothe Offer by issuing further announcements via PRN, a Regulatory InformationService. All such announcements may also be viewed at the same time on theCompany's website at www.emblaze.com. Enquiries: Hagit Gal, Emblaze hagit.gal@emblaze.com The Emblaze Group has been traded on the London Stock Exchange (LSE: BLZ) since1996.

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