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

Cumulative

foreign

currency

Share Capital translation Hedging

Capital reserves adjustments Reserves

(In thousand NIS)

Balance -

January 1, 2007 38,032 815,114 47,965 20,080

Gain for the period - - - -

Differences from translation of

foreign entities' financial

statements - - (2,094) -

Dividend paid - - - -

issuance of shares to the minority by

a subsidiary - - - -

Purchase of the minority interest - - - -

Repayment of loans as a result of the

realization by employees of rights

to shares - - - -

Change in fair value of Swap

transactions - - - (7,232)

Stock based compensation expenses - - - -

Initially consolidation of a

subsidiary - - - -

Employee share premium - 163 - -

December 31, 2007 38,032 815,277 45,871 12,848

Gain for the period - - - -

Differences from translation of

foreign entities' financial

statements - - (85,792) -

Dividend paid - - - -

issuance of shares to the minor
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SOURCE Elbit Imaging Ltd.
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