Irrevocable Undertakings and Further Updates

Emblaze Ltd (LSE:BLZ) ("Emblaze" or "the Company") IRREVOCABLE UNDERTAKINGS AND FURTHER UPDATES Herzeliya, Israel, 22 October 2013: Irrevocable Undertakings Further to the Company's announcements on 16 October 2013 (the "16 October 2013Announcement") and on 17 October 2013, the Company has today receivedadditional irrevocable undertakings from Mr. Donald Sturm in respect of hisholding of 8,930,159 ordinary shares of the Company (representing approximately8.12 per cent of the issued share capital of Emblaze) and from The Sturm FamilyFoundation in respect of their holding of 1,458,394 ordinary shares of theCompany (representing approximately 1.33 per cent of the issued share capitalof Emblaze) to vote in favour of the Transfer Resolution at the ExtraordinaryGeneral Meeting. Following the receipt of these additional undertakings, theCompany has received to date irrevocable undertakings representing, inaggregate, approximately 63.86 per cent. of the issued share capital ofEmblaze, to vote in favour of the Transfer Resolution at the ExtraordinaryGeneral Meeting. The passing of the Resolutions require the affirmative vote of not less than 75per cent. of shareholders, voting in person or by proxy, at the ExtraordinaryGeneral Meeting. Further Updates Further to the Company's announcement of 22 August 2013 (the "22 August 2013Announcement"), the Company notes the announcement by BGI Investments (1961)Ltd. ("BGI") issued on 19 October 2013 to the Israeli Securities Authority andStock Exchange which stated, amongst other things, that on 17 October 2013 BGIagreed with one of the Sellers the Assignment to Chabad 770 B.V, a controllingshareholder of BGI ("Chabad"), with respect to 1,750,000 ordinary shares ofEmblaze. At the same time Chabad exercised its call option with respect tothose shares in exchange for a deferred payment to the relevant Seller of £1.076 per share (£1,883,000 in aggregate) to be paid to that Seller on theearlier of (i) 60 days following a tender offer to be issued by BGI withrespect to the acquisition of further shares of the Company (ii) 120 daysfollowing the date of the Assignment, and (iii) the date of first payment toany of the Sellers of any sum due under the terms of the Assignments. As a result of the above, Chabad currently holds a total of 1,750,000 ordinaryshares of the Company, representing approximately 1.59% of the Company's issuedshare capital (excluding treasury shares). Together with Chabad, BGI currentlyholds a total of 23,766,166 ordinary shares of the Company, representingapproximately 21.6% of the Company's issued share capital and voting rights(excluding shares in treasury). Capitalised terms shall have the meanings ascribed to them in the 22 August2013 Announcement or the 16 October 2013 Announcements, as necessary. 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