Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Ltd. Announces Update Regarding Certain Agreements Executed In The Past By Its Subsidiary Plaza Centers

TEL AVIV, ISRAEL / ACCESSWIRE / April 21, 2017 / Elbit Imaging Ltd. ("Company") (TASE, NASDAQ: EMITF) announced today, in further to its announcement dated March 29, 2016, with respect to the Casa Radio Project in Romania ("Project"), that Plaza Centers N.V. ("Plaza") (PLAZ.L), an indirect subsidiary of the Company, is still co-operating fully with the relevant Romanian Authorities and within this process, Plaza received immunity from certain potential criminal charges. As the investigation of the Romanian authorities is still on-going, Plaza is unable to elaborate any further in this respect.

Plaza was assured that the mentioned investigation should have no effect on Plaza's existing legal rights in the Project and the Public-Private Partnership Agreement signed with respect thereto.