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Re: Replacement of a Trustee for the Holders of Series A, Series B and Series C Notes of Elbit Imaging Ltd. (the "Company")
Date:9/16/2008

TEL AVIV, Israel, Sept. 16 /PRNewswire-FirstCall/ -- The Company hereby notifies that the District Court of Tel Aviv-Yafo has approved the appointment of Ziv Haft Trusts Company Ltd. ("Ziv Haft") as the trustee for the holders of the Series A Notes, Series B Notes and Series C Notes of the Company. The appointment of Ziv Haft as a trustee, who replaces the former trustee Aurora Fidelity Trust Company Ltd., is effective as of September 8, 2008

Very truly yours,

Elbit Imaging Ltd.

For Further Information:

Company Contact Investor Contact

Shimon Yitzhaki, President Rachel Levine

Elbit Imaging Ltd. The Global Consulting Group

(972-3) 608-6000 1-646-284-9439

syitzhaki@elbitimaging.com rlevine@hfgcg.com

Dudi Machluf, CFO

Elbit Imaging Ltd.

(972-3) 608-6024

dudim@elbitimaging.com


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SOURCE Elbit Imaging Ltd.
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