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Elbit Imaging Ltd. Announces First Quarter Results for 2008
Date:5/29/2008

in fair value of Swap

transactions - - (1,946) -

Stock based compensation expenses 886 - 886 -

Premium of the minority in a

subsidiary - - - -

Employee share premium - - 5 -

March 31, 2008 10,148 339,166 579,916 (38,986)

Total

Elbit Imaging Ltd Loans to amount

employees attribu-

to table to Total

acquire shareholders share-

Company of the Minority holders'

Shares Company Interest equity

(In thousand NIS)

Balance -

January 1, 2007 (3,853) 1,644,716 649,515 2,294,231

Gain for the period - 539,749 379,859 919,608

Differences from translation of

foreign entities' financial

statements - (2,094) 10,468 8,374

Dividend paid - (159,767) (159,767)

issuance of shares to the

minority by a subsidiary - - 45,459 45,459

Purchase of the minority interest - - (601) (601)

Repayment of loans as a result of

the realization by employees of

rights to shares 638 638 - 638

Change in fair value of Swap

transactions - (7,232) - (7,232)

Stock based compensation expenses - 19,427 76,450 95,877

Initially c
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SOURCE Elbit Imaging Ltd.
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