Elbit Imaging Ltd. Announces Interest Rate for the Next Interest Period for Series B Notes

    TEL AVIV, Israel, Aug. 25 /
EMWNews
/ -- Elbit Imaging Ltd.

("EMI" or the "Company") (Nasdaq: EMITF), announced today, in accordance

with Section 4 of the "Terms Behind the Page" of Series B Notes of the

Company, that the interest rate borne by Series B Notes for the interest

period beginning on August 21, 2008 and ending on February 20, 2009 is

2.8763%.

    About Elbit Imaging Ltd.



    The following is a summary of the principal fields of our businesses:

(i) Shopping and Entertainment Centers - Initiation, construction,

operation, management and sale of shopping and entertainment centers and

other mixed-use projects in Central and Eastern Europe and in India. (ii)

Hotels - Hotel ownership, operation, management and sale, primarily in

major European cities. (iii) Image Guided Treatment - Investments in the

research and development, production and marketing of magnetic resonance

imaging guided focused ultrasound treatment equipment. (iv) Other

Activities - Other activities consisting of (a) investments in real estate

assets in India designated for residential projects and other mixed-use

projects; (b) the distribution and sale of fashion retail in Israel; and

(c) venture-capital investments. Other activities also include investments

in hospitals and farm dairy plant which are in preliminary stages.



    Any forward looking statements with respect to EI's business, financial

condition and results of operations included in this release are subject to

risks and uncertainties that could cause actual results to differ

materially from those contemplated in such forward looking statements,

including, but not limited to, unexpected results of litigation

proceedings, ability to find suitable locations, receipt of approvals and

permits for zoning and construction, delays in construction, dependency on

partners in the hotels business, competition, risks relating to operations

in Eastern Europe and Asia (including India) and risks relating to our

image guided treatment, economic conditions, as well as certain other risk

factors which are detailed from time to time in EI's filings with the

Securities and Exchange Commission including, without limitation, Annual

Report on Form 20-F for the fiscal year ended December 31, 2007, filed with

the Securities and Exchange Commission on June 30, 2008 and as amended on

July 2, 2008 .






    For Further Information:



    Company Contact                    Investor Contact

    Shimon Yitzhaki, President         Leslie Wolf-Creutzfeldt

    Elbit Imaging Ltd.                 The Global Consulting Group

    (972-3) 608-6000                   1-646-284-9472

    [email protected]         [email protected]



    Dudi Machluf, CFO

    Elbit Imaging Ltd.

    (972-3) 608-6024

    [email protected]