Elbit Defers Adoption of Compensation Policy

Elbit Imaging

announced today that it has decided to defer the adoption of a compensation policy for the Company's directors and officers pursuant to the Israeli Companies Law. As previously announced, on January 1, 2014, the Tel-Aviv Jaffa District Court approved the Company's adjusted plan of arrangement for a restructuring of the Company's unsecured financial debt, among other things. The Company expects that following the consummation of the restructuring, the shareholders of the Company will elect a new board of directors, which will formulate the Company's business strategy, including a compensation policy for the Company's officers and directors.