Company Update

EMBLAZE LTD (LSE:BLZ) ("Emblaze" or the "Company") Company Update Herzeliya, Israel, 2 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. On Friday, 29 November 2013, the Court appointed expert submitted his report tothe Court with respect to the Revised Proposals filed for investment in IDB. While the report provides a comparison of various elements of the two RevisedProposals, it does not establish a specific preference for one over the other. The general meeting of IDB creditors to vote on the Revised Proposals isexpected to be held on 8 December 2013. The Court is due to sanction theproposal approved by the IDB creditors in relation to IDB on 15 December 2013(and not on 25 December, as previously indicated in the Company's announcementdated 25 November 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.com The Emblaze Group is traded on the London Stock Exchange (LSE: BLZ) since 1996.www.emblaze.com.