Company Update

EMBLAZE LTD (LSE:BLZ) ("Emblaze" or the "Company") Company Update Herzeliya, Israel, 9 December 2013. Capitalised terms will have the meanings ascribed to them in the Company'sannouncements of 4 November 2013 and 27 November 2013, as applicable. The Company has been informed that the competing offer of the consortium led byEduardo Elsztain and Motti Ben-Moshe has received the required majority at thegeneral meeting of IDB creditors held yesterday (the "Creditors Vote"). Objections to the Creditors Vote may be submitted to the Court until 11December 2013, following which the Court is due to make its decision on thewinning Proposal on 15 December 2013. The Company will continue to notify shareholders of any updates with regard tothe Proposed Transaction and/or any material changes to the terms of itsProposal by issuing further announcements via PRN, a Regulatory InformationService. All such announcements may also be viewed at the same time on theCompany's website at www.emblaze.com. In the event the Revised Consortium'sProposal is successful, the Company will prepare the appropriate documentationproviding more details on the Company, as enlarged by the IDB Group, and theCompany's investment in IDB. Enquiries: Hagit Gal, Emblaze hagit.gal@emblaze.comThe Emblaze Group is traded on the London Stock Exchange (LSE: BLZ) since 1996.www.emblaze.com.