Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Announces Update Regarding Class Action

TEL AVIV, ISRAEL / ACCESSWIRE / May 2, 2017 / Elbit Imaging Ltd. ("EI" or the "Company") (TASE, NASDAQ: EMITF) announced today in further to its announcement dated April 6, 2016, regarding class action #1318/99 (Gadish v. Elscint et. al.) (the " Settlement"), that the court did not approve the settlement agreement with the Plaintiffs and set dates for the continuous of the legal proceedings.

The Company is considering its legal action options with respect to the abovemention court resolution, including appealing to the Supreme Court.

For further information with regards to the class action, please see Note 14B. (1) of our Annual Consolidated Financial Statements as of December 31, 2015 filed as Exhibit 99.1 to our Report on Form 8-K filed with the SEC on March 31, 2016.