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Notification of Major Interest in Shares

29 May 2012 12:01

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer Emblaze Limitedof existing shares to which voting rights are attached:ii 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Schroders plc notification obligation:iii 4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date on which the threshold is crossed or 24.05.12 reached: v 6. Date on which issuer notified: 25.05.12 7. Threshold(s) that is/are crossed or 17% - 18% reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggering shares to the triggering transaction transaction if possible Number Number Number Number of voting % of voting rightsusing of of of shares rights x the ISIN CODE Shares Voting Rights Direct Direct Indirect Direct Indirect xi xii Ordinary IL0010830219 23,440,590 20,088,590 23,471,163 N/A 20,119,163 N/A 18.003% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion Period xiv rights that may be rights acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting rights % of voting financial price date xvii Conversion instrument refers to rights xix, xx instrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 20,119,163 18.003%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Schroder Investment Management Limited 20,119,163 18.003% Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: The shares referred to in section 9 are held in portfolios managed by 13. Additional those firms on a discretionary basis for clients under investment information: management agreements. 14. Issuer Jonathan Shillington/ Amlika Lal contact name: Grayling 15. Contact telephone +44 (0)20 7932 1871 number: Amlika.Lal@grayling.com

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