BSD.L Regulatory News (BSD)

For filings with the FCA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are Emblaze Ltd.attached:ii 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): Acquisition/disposition of voting rights x BGI Investments (1961)3. Full name of person(s) subject to the Ltd.; andnotification obligation:iii B.G. Alpha Ltd. Israel 18 B.V. BGI Investments (1961)4. Full name of shareholder(s) Ltd.; (if different from 3.):iv B.G. Alpha Ltd.; and 5. Date of the transaction and date onwhich the threshold is crossed or 20 March, 2014reached: v 6. Date on which issuer notified: 20 March, 2014 7. Threshold(s) that is/are crossed or 30%reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after the triggeringshares to the triggering transaction transaction if possible Number Number Number Number of voting % of votingusing of of of shares rights rights xthe ISIN CODE Shares Voting Rights Direct Direct xi Indirect Direct Indirect xii IL0010830219 12,117,043 27,515,679 12,117,043 12,117,043 26,032,393 11.01% 23.67% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument 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 FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting rights % of votingfinancial price date xvii Conversion instrument refers to rights xix, xxinstrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 38,149,436 34.68% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Israel 18 B.V. (formerly known as Chabad 770 B.V.) ("Israel 18") directly holds5,092,233 ordinary shares of Emblaze Ltd. (the "Company") which represents4.63% of the total number of the Company's voting rights. In addition, Israel 18 holds, subject to the BGI Proxy (as defined below), aproxy to vote all the shares held by Fortissimo Capital Management Ltd. ("Fortissimo"), being 5,541,524 ordinary shares of Emblaze Ltd. until August 14,2015. BGI Investments (1961) Ltd. ("BGI"), a directly owned subsidiary of Israel 18,holds 12,117,043 ordinary shares of Emblaze Ltd., which represents 11.01% ofthe total number of the Company's voting rights. In addition, BGI holds, thoughB.G. Alpha Ltd. ("BGA"), an indirectly wholly owned subsidiary of BGI, afurther 15,398,636 ordinary shares of the Company, which represents 14.00% ofthe total number of the Company's voting rights. On 20 March, 2014, Israel 18 and BGI signed an agreement, inter alia, affordingBGI the right to vote all shares in Emblaze Ltd., held directly or indirectlyby Israel 18 (the "BGI Proxy") until the earlier of: (i) termination by mutualconsent of Israel 18 and BGI; (ii) when either Israel 18 or BGI ceases to be anequity holder of Emblaze Ltd.; or (iii) when Israel 18 ceases to be thecontrolling shareholder of BGI. In aggregate, Israel 18, BGI and BGA hold 32,607,912 ordinary shares of theCompany, which, when added to the proxy voting rights held by BGI in respect ofFortissimo's shares, represents 34.68% of the total number of the Company'svoting rights. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: Information with respect to voting rights and thresholds is based on the13. Additional number of ordinary shares in issue (excluding shares held in Treasury)information: being 109,990,252 ordinary shares. 14. Contact Eyal Merdlername: 15. Contacttelephone +972-3-740-1770number: