Notification of Major Interest in Shares

For filings with the FCA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights are Emblaze Ltd.attached:ii 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Israel 18 B.V. (formerly known as Chabad 770notification obligation:iii B.V.) Israel 18 B.V. 4. Full name of shareholder(s) BGI Investments (1961) Ltd.; (if different from 3.):iv B.G. Alpha Ltd.; and Fortissimo Capital Management Ltd. 5. Date of the transaction and date onwhich the threshold is crossed or 20 February, 2014reached: v 6. Date on which issuer notified: 23 February, 2014 7. Threshold(s) that is/are crossed or 30%reached: vi, vii 8. Notified details: A: Voting rights attached to shares viii, ix Class/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction if possible Number Number Number Number of voting % of voting rightsusing of of of shares rights xthe ISIN Shares VotingCODE Rights Direct Direct xi Indirect xii Direct Indirect IL0010830219 1,750,000 1,750,000 5,092,233 5,092,233 33,057,203 4.63% 30.05% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date xiii Conversion Period xiv rights that may be rightsinstrument acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments xv, xvi Resulting situation after the triggering transaction Type of Exercise price Expiration Exercise/ Number of voting rights % of votingfinancial date xvii Conversion instrument refers to rights xix, xxinstrument period xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 38,149,436 34.68% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi Israel 18 B.V. (formerly known as Chabad 770 B.V.) ("Israel 18") directly holds5,092,233 ordinary shares of Emblaze Ltd. (the "Company") which represents4.63% of the total number of the Company's voting rights. BGI Investments (1961) Ltd. ("BGI"), a directly owned subsidiary of Israel 18,holds 12,117,043 ordinary shares of Emblaze Ltd., which represents 11.01% ofthe total number of the Company's voting rights. In addition, BGI holds, thoughB.G. Alpha Ltd. ("BGA"), an indirectly wholly owned subsidiary of BGI, afurther 15,398,636 ordinary shares of the Company, which represents 14.00% ofthe total number of the Company's voting rights. In addition, Israel 18 holds a proxy to vote all the shares held by FortissimoCapital Management Ltd., being 5,541,524 Ordinary Shares ("Fortissimo") untilAugust 14, 2015. In aggregate, Israel 18, BGI and BGA hold 32,607,912 ordinary shares of theCompany, which, when added to the proxy voting rights held by Israel 18 inrespect of Fortissimo's shares, represents 34.68% of the total number of theCompany's voting rights. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: Information with respect to voting rights and thresholds13. Additional information: is based on the number of ordinary shares in issue (excluding shares held in Treasury) being 109,990,252 ordinary shares. 14. Contact name: Doron Shamir 15. Contact telephone number: +31 (0) 20 670 4455