Elbit Imaging Ltd. Selected for Listing on Nasdaq Global Sel... ( Company Meets Highest Listing Sta...)

Elbit Imaging Ltd. Selected for Listing on Nasdaq Global Select Market

Date:12/19/2007

Company Meets Highest Listing Standards of any Exchange in the World

TEL-AVIV, Israel, Dec. 19 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. (Nasdaq: EMITF) ("EI" or the "Company") today announced that it has qualified to be listed on the NASDAQ Global Select Market effective January 1, 2008, and will continue to trade under the symbol EMITF. This upgraded listing is a result of meeting NASDAQ's highest initial listing standards based on financial and liquidity requirements. Prior to the change, the Company had been listed on the NASDAQ Global Market.

Mr. Shimon Yitzhaki, Elbit Imaging's President, commented: "We are pleased to have achieved this premier designation by meeting NASDAQ's stringent listing requirements, enabling our shares to be traded alongside NASDAQ's top- tier companies. This improved trading status reflects the Company's continued growth and enhanced market share, and is expected to give our stock greater visibility."

About Elbit Imaging Ltd.

Elbit Imaging Ltd. ("EI") is a subsidiary of Europe Israel (M.M.S.) Ltd. EI's activities are divided into the following principal fields: (i) Initiation, construction, operation, management and sale of shopping and entertainment centers in Israel, Central and Eastern Europe and India; (ii) Hotels ownership, primarily in major European cities, as well as operation, management and sale of same through its subsidiary, Elscint Ltd.; (iii) Investments in the research and development, production and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment, through its subsidiary, InSightec Ltd.; and (iv) Other activities consisting of the distribution and marketing of women's fashion and accessories through our wholly-owned Israeli
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