Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Announces Update Regarding the Agreement to Sell Its Project in Kochi, India

TEL AVIV, Israel, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Elbit Imaging Ltd. (“EI” or the “Company”) (EMITF) (EMITF) announced today, in further to the announcements dated on January 15 and October 25, 2016, regarding an agreement to waive any of its rights and interest in a special purpose vehicle which holds a land plot in Kochi, India, that the Company and the local investor has agreed that the long stop date, will be extended from November 30, 2016 to February 28, 2017.

All other terms and conditions of the agreement shall remain unchanged.

The Company will update regarding any new developments.