Notification of Director’s Interest

12 Mar 2009 09:46

Emblaze Ltd ("Emblaze" or "the Company") Notification of Director's Interest

Ra'anana, Israel - 12 March 2009: Emblaze announces that Mr. Eli Reifman, has informed the Company that he was issued with a temporary injunction by the Tel Aviv District Court on 4 March 2009 which prohibits him from disposing of any of his assets, including the shares he owns or holds in the Company.

Mr Reifman has also informed the Company that the injunction prohibits the exercise of any voting rights of shares owned or held by him in the Company and he will therefore not be able to vote in the Company's forthcoming Extraordinary General Meeting scheduled to take place on 18 March 2009.

Enquiries:

Harry Chathli, Corfin Communications +44 (0)20 7977 0020

About Emblaze

Emblaze Ltd is a group of technology companies addressing both growth and innovation activities thus combining the stability of "bread and butter" mature technology enterprises with "high-risk / high-reward" investments in innovation.

Our Growth arm includes Formula Systems , which harbors the following subsidiaries: Magic Software Enterprises Ltd. develops, markets and supports composite application development and deployment platforms with a service-oriented architecture (SOA), including application integration and business process management (BPM), with existing and legacy systems; Matrix IT Ltd. (TASE: MTRX) is one of Israel's leading integration and information technology services companies, active in four principal areas: software solutions and services, software products, infrastructure solutions and hardware products, and training and assimilation.; Sapiens International Corporation N.V. is a provider of IT solutions that modernize business processes to enable insurance and other companies to quickly adapt to changes; and nextSource Inc., designs, develops and implements web-based, high quality, innovative human capital management solutions.

Our Innovation arm includes Emblaze Mobile, a designer of advanced mobile devices; EMOZE, a provider of Push Email and synchronisation technology for mobile devices; and ZONE-IP (Emblaze V CON), a provider of wireless video communications technologies and conferencing solutions for operators and enterprise markets over IP networks.

The Emblaze Group is traded on the London Stock Exchange since 1996. www.Emblaze.com