BSD.L Regulatory News (BSD)

Emblaze Ltd (LSE:BLZ) ("Emblaze" or "the Company") Company Update Herzeliya, Israel, 19 August 2013 The Company notes the announcement by BGI to the Israeli Securities Authorityand Stock Exchange on 18 August 2013 concerning the proposed transactionbetween, amongst others, Emblaze and IDB (the "Proposal"), as referred to inthe Company's announcement on 15 August 2013 (the "Announcement"). The text ofBGI's announcement is generally set out below. All capitalised terms shall have the meaning defined in the Announcement As noted in the Announcement, there can be no guarantee that any investmentwill be made in IDB on the terms set out in the Proposal or at all. The Companywill update the market in due course. BGI's announcement: further to BGI's notification dated 15 August 2013 (the"Previous Report") with respect to a decision adopted by the board of directorsof Emblaze, that is subject to the approval by shareholders of Emblaze, toapprove the Proposal - it is further reported that on 16 August 2013 MrAlexander Granovsky, the ultimate controlling shareholder of BGI, has agreed tooffer within 14 days a bank guarantee in the amount of $18m to be depositedwith the court as security for the Proposal. In the event that the consent ofEmblaze's shareholders is not obtained the said guarantee will be forfeited inexchange for shares of IDB Development Corporation Ltd., in an amount to beagreed between the parties. The provision of the bank guarantee shall besubject to judicial determination that the granting of the said guarantee shallnot be defined asan exceptional transaction between a company and a controlling shareholderssuch that the set of approval required under section 275 of the IsraeliCompanies Law will not be required from Emblaze. The Company further notes an additional announcement issued today, 19 August2013, by BGI to the Israeli Securities Authority and Stock Exchange, concerningthe Put options granted to the selling shareholders, including Naftali Shaniand Fortissimo. According to BGI's notification, BGI reached oral agreementwith each of the selling shareholders such that the Put options shall becapable of exercise only commencing 15 April 2014 (in each case the exerciseperiod will remain as previously agreed). Enquiries: Piers Coombs / Tim Redfern / Kit Stephenson +44 20 7523 8000 Canaccord Genuity Ltd Hagit Gal +972 9 7699302 Emblaze Ltd. Emblaze is traded on the London Stock Exchange (LSE: BLZ) since 1996. www.emblaze.com

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