Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Announces Update Regarding the Sale of MUP Plot in Belgrade by its Subsidiary Plaza Centers

TEL AVIV, ISRAEL / ACCESSWIRE / February 1, 2017 / Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced today, in further to its announcement dated May 17, 2016, regarding the sale of Plaza Centers N.V. ("Plaza") (LSE:PLAZ) wholly owned subsidiary, which holds the "MUP" plot and related real estate in Belgrade in Serbia, that Plaza has agreed with the buyer to bring forward the payment of Euro 4.2 million out of the third scheduled payment amount of Euro 4.6 million in a discount transaction with a present value of approximately Euro 4.05 million. The remainder of the purchase price will be paid as originally agreed between the parties.