BSD.L Regulatory News (BSD)

Emblaze Ltd. ("Emblaze" or "the COMPANY") results for the year ended 31 December 2012 Herzeliya, Israel, 18 March 2013: Emblaze Ltd (LSE: BLZ), today announces itsfinal results for the 12 months ended 31 December 2012. All references to $ areto US Dollars. HIGHLIGHTS:

* The Company's consolidated financial statements have been prepared, for the

first time, in accordance with International Financial Reporting Standards

("IFRS");

* Continued strong cash position with cash, short term deposits and financial

assets of $145 million, which include:

* $9.3 million in cash and short term bank deposits with an original maturity

of three months or less from date of acquisition;

* $122 million in short term bank deposits with an original maturity of more

than three months from date of acquisition; and - * $13.4 million in financial assets at fair value through profit or loss (debentures) and available for sale financial assets. In order to allow for the implementation of future acquisition opportunities,the Company's main objective with respect to its cash portfolio was, andremains, the preservation of cash value and liquidity, by maintaining aconservative investment policy. The Company extended the maturity of itsdeposits in order to respond to the overall decrease of return in short termsdeposits, and achieve better yields;

* Revenues for the year of 2012 totaled $2.1 million (2011: $1.2 million) and

income from continued operations totaled $0.9 million (2011: $2.8 million);

* During the first half of the year, the Company's UK subsidiary, Emblaze

Mobility Solutions Limited ("EMSL"), has been successful in recovering the

remaining disputed gross sum of £1.5 million, which was part of the overall

VAT repayments claimed withheld by HM Revenue & Customs ("HMRC") since March 2006. As a result, the Company recorded in 2012 approximately $ 2 million as other income, net of related expenses;

* During 2012 the Company has purchased 923,898 of its own shares through the

market in an amount of approximately $720,000, net of related expenses. The

total issued share capital of the Company as at 31 December 2012 is

140,578,154 of which, 110,832,034 ordinary shares are outstanding, and

29,746,120 shares are held in treasury.

Naftali Shani, executive chairman of Emblaze said: "During 2012, our main focuswas directed at the continuous pursuit to identify potential opportunities forinvestment in growth activities with an aim to achieve consistent long-termvalue. Having invested substantial research and development efforts to build arich portfolio of intellectual property over many years, we have also continuedthe legal proceedings brought by the Company against Apple Inc. and againstMicrosoft Corporation for infringement of the Company's U.S. Patent No.6,389,473 for live media streaming. The Company remains in sound financialposition and we will continue to carefully manage costs across all areas of thebusiness in order to be able to respond appropriately to the ever-changingeconomic environment and to allow for the implementation of future acquisitionopportunities. Enquiries:

Piers Coombs, Canaccord Genuity Ltd +44 20 7523 8000

Hagit Gal, Emblaze Ltd. hagit.gal@emblaze.com

A copy of the Company's Financial Report & Accounts for the year ended 31December 2012 has been submitted to the Financial Services Authority and willshortly be available for inspection at the National Storage Mechanism, which islocated at www.hemscott.com/nsm.do

The full report is available on the Company's website, www.emblaze.com

Emblaze is traded on the London Stock Exchange (LSE: BLZ) since 1996.www.emblaze.com EMBLAZE LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands December 31, January 1 Note 2012 2011 2011 ASSETS CURRENT ASSETS: Cash and cash equivalents 5 $ 9,333 $ 148,261 $ 144,173 Short-term deposits 14 122,000 - - Financial assets at fair value 14 13,360 - - through profit or loss Available for sale financial assets 14 215 196 229 Restricted deposits 195 198 420 Accrued interest receivable 966 204

137

Prepaid expenses and other 6 1,001 1,075 1,039receivables Total current assets 147,070 149,934 145,998 NON-CURRENT ASSETS: Equipment, net 7 67 59 44 Total assets $ 147,137 $ 149,993 $ 146,042 The accompanying notes are an integral part of the consolidated financialstatements. EMBLAZE LTD. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands December 31, January 1 Note 2012 2011 2011 LIABILITIES AND EQUITY CURRENT LIABILITIES: Trade payables $ 268 $ 325 $ 341 Deferred revenues, other payables and 8 4,341 7,372 5,088accrued expenses Liabilities of discontinued operations - - 2,445 Total current liabilities 4,609 7,697 7,874 NON-CURRENT LIABILITIES: Employee benefit liabilities, net 15 34 21 16 EQUITY: 10 Share capital 416 416 416 Share premium 469,911 469,864 469,844 Treasury shares (76,275) (75,555) (75,555) Other capital reserve 132 98 131 Accumulated deficit (251,346) (252,282) (256,503) Equity attributable to Company's equity 142,838 142,541 138,333holders Non- controlling interest (344) (266) (181) Total equity 142,494 142,275 138,152 Total liabilities and equity $ 147,137 $ 149,993 $

146,042

The accompanying notes are an integral part of the consolidated financialstatements. EMBLAZE LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

U.S. dollars in thousands, except share and per share data

Year ended December 31, Note 2012 2011 Revenues $ 2,149 $ 1,207 Cost of sales 525 247 Gross profit 1,624 960 Operating expenses: Research and development 1,751 1,401 Selling and marketing 800 599 General and administrative 2,620 2,433 Total operating expenses 5,171 4,433 Operating loss (3,547) (3,473) Financial income 13 2,460 2,702 Financial expense 13 (58) (459) Other income 9b 2,061 4,114 Income from continuing operations 916 2,884 Income (loss) from discontinued operations, 2n (30) 1,289 net Net income $ 886 $ 4,173 Other comprehensive income (loss) : Gain (loss) from available-for-sale financial $ 34 $ (33) assets Actuarial loss from defined benefit plans (32) (42) Total other comprehensive income (loss) $ 2 $ (75) Total comprehensive income $ 888 $ 4,098 Net income attributable to: Equity holders of the Company $ 968 $ 4,263 Non controlling interests (82) (90) $ 886 $ 4,173 Total comprehensive income (loss) $ 970 $ 4,188attributable to: Equity holders of the Company Non controlling interests (82) (90) Net income $ 888 $ 4,098 Basic and diluted net earnings per share 11attributable to Company's equity holders Earnings from continuing operations $ 0.01 $ 0.03 Earnings from discontinued operations - 0.01 Net earnings per share $ 0.01 $ 0.04 The accompanying notes are an integral part of the consolidated financialstatements. EMBLAZE LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

U.S. dollars in thousands

Share Share Treasury Available-for-sale Accumulated

Total Non- Total

capital premium shares reserve deficit controlling equity interest Balance as of $416 $469,844 $(75,555) $131 $(256,503) $138,333 $(181) $138,152January 1,2011 Net income - - - - 4,263 4,263 (90) 4,173 Other - - - (33) (42) (75) - (75)comprehensiveloss Total - - - (33) 4,221 4,188 (90) 4,098comprehensiveincome (loss) Cost of share - 20 - - - 20 5 25basedpayment Balance as of 416 469,864 (75,555) 98 (252,282) 142,541 (266) 142,275January 1,2012 Net income - - - - 968 968 (82) 886 Other - - - 34 (32) 2 - 2comprehensiveincome (loss) Total - - - 34 936 970 (82) 888comprehensiveincome (loss) Cost of share - 47 - - - 47 4 51basedpayment Purchase of - - (720) - - (720) - (720)treasurystock Balance as of $ 416 $469,911 $(76,275) $132 $(251,346) $142,838 $(344) $142,494December 31,2012 The accompanying notes are an integral part of the consolidated financialstatements. EMBLAZE LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands Year ended December 31, 2012 2011 Cash flows from operating activities: Consolidated net income $ 886 $ 4,173 Less - gain (loss) from discontinued operations (30)

1,289

Income from continuing operations 916

2,884

Adjustments to reconcile income from continuingoperations to net cash provided by (used in) operating activities : Depreciation 30 33 Cost of share-based payment 51 25 Change in financial assets at fair value through profit (70) - or loss

Increase in accrued interest from assets at fair value (614) (67)through profit or loss, short term deposits and

restricted deposits Interest received (1,426) (2,434) (2,029) (2,443) Changes in asset and liability items:

Decrease (increase) in receivables and prepaid expenses 35 (81)

Increase (decrease) in trade payables, other payables (3,103) 2,394and accrued expenses Cash received during the year for: Interest 1,426 2,434 Net cash provided by (used in) operating activities (2,755) 5,188from continuing operations Net cash provided by (used in) operating activities 5 (1,274)from discontinued operations

Net cash provided by (used in) operating activities (2,750) 3,914

The accompanying notes are an integral part of the consolidated financialstatements. EMBLAZE LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

U.S. dollars in thousands Year ended December 31, 2012 2011 Cash flows from investing activities: Purchase of property and equipment $ (38) $

(48)

Investment in short term deposits (122,000) - Purchase of financial assets at fair value through (15,133) - profit or loss Proceeds from sale of financial assets at fair value 1,713 -through profit or loss and available for sale financial assets Proceeds from restricted deposits - 222 Net cash provided by (used in) investing activities (135,458) 174 from continuing operations Cash flows from financing activities: Repurchase of Company shares (720) - Net cash used in financing activities from continuing (720) - operations Net increase (decrease) in cash and cash equivalents (138,928) 4,088

Cash and cash equivalents at the beginning of the year 148,261 144,173

Cash and cash equivalents at the end of the year $ 9,333 $ 148,261

The accompanying notes are an integral part of the consolidated financialstatements.