BSD.L Regulatory News (BSD)

Emblaze Ltd (LSE:BLZ) ("Emblaze" or "the Company") Company Update Herzeliya, Israel, 27 August 2013 Further to the Company's announcement of 22 August 2013 (the "22 AugustAnnouncement"), the Company notes the announcement of BGI issued on 23 August2013 to the Israeli Securities Authority and Stock Exchange which stated,amongst other things, that: 1 the Assignment had been approved by BGI's board of directors and auditcommittee. As noted in the 22 August Announcement, the Assignment remainssubject to the approval of, amongst other things, BGI's shareholders' generalmeeting by a special majority in accordance with section 275 of the IsraeliCompanies Law and approval by simple majority of BGI's bondholders (such ameeting of bondholders has been convened for 28 August 2013); and 2 the undertaking made by BGI to its Series 1 bondholders not to carry out,amongst other things, any transaction relating to the acquisition of shares inEmblaze for the 21 day period commencing on 20 August 2013 (and referred to inBGI's announcement to the Israeli Securities Authority and Stock Exchange ofthe same date) will fall away upon the approval of the Assignment by BGI'sshareholders and bondholders. The Company further notes that on 26 August 2013, the District Court of TelAviv (the "Court") has issued a decision in which, among other things, theCourt accepted IDB's request to extend the deadline for submission of debtsettlements proposals as well as the postponement of IDB's creditors meeting.The Court has set 20 October 2013 as the extended deadline to submit proposalsfor IDB's debt arrangements. In connection with the extension, as requested bythe Court in connection with such extension, the Company has depositedNIS430,000,000 with a security trustee. Such deposit will be returned to theCompany in circumstances where its proposed investment in IDB does not proceed- otherwise, it will be set-off against any amount payable by the Company inconnection with such investment. The Company is currently considering with its advisers the best way tostructure and execute its proposed investment in IDB and will update the marketin due course. There can be no guarantee that any investment will be made inIDB on the terms set out in the Company's announcement of 15 August 2013 or atall. All capitalised terms shall have the meaning defined in the 22 AugustAnnouncement unless otherwise defined herein. Enquiries: Piers Coombs / Tim Redfern / Kit Stephenson +44 20 7523 8000Canaccord Genuity Ltd Hagit Gal +972 9 7699302Emblaze Ltd. Emblaze is traded on the London Stock Exchange (LSE: BLZ) since 1996.

www.emblaze.com