DGAP-News: Metis Capital Ltd.: Barzilay completed the acquisition of capital issued by Metis – request for arbitration between Mirage and Barzilay

| Source: EQS Group AG EQS Group AG 

Metis Capital Ltd. / Transaction in Own Shares

04.02.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Tel Aviv/ Israel; February 4, 2008 – Metis Capital Ltd. (Prime Standard:
EIC; TASE: MTSC) Pursuant to the immediate reports of February 28, 2007, of
January 10, 2008 and of January 30, 2008, Metis Capital Ltd. is honored to
announce that Amnon Brazilay, the Company's controlling shareholder, has
informed Metis on February 3, 2008 as follows:
1. On February 3, 2008 the transfer of shares from Gmul Investments Company
Ltd to a private company controlled by Amnon Brazilay and held also by
Shimon Harel, as stated in the immediate report of January 30, 2008, has
been completed.

Therefore, the private company holds 3,841,470 shares of the Company, which
form approximately 47.72% (46.03% with full dilution) of the total issued
share capital of Metis Capital Ltd.

Gmul Investments Company Ltd holds 1,675,242 shares of the Company, which
form approximately 20.81% (20.07% with full dilution) of the total issued
share capital of Metis Capital Ltd.

The remainder of the shares, 2,533,288 shares of the Company, which form
approximately 31.47% of the total issued share capital of the Company, is
held by the public.

2. Gad Ze'evi and Mirage Development Israel Ltd, a company controlled by
Gad Ze'evi, have addressed Amnon Brazilay with a letter on January 30, 2008
and an additional letter on January 31, 2008, with various claims from
which it can be deduced that the contractual agreement between Amnon
Brazilay and Shimon Harel and the company in his control, as stated in the
immediate report of January 10, 2008, allegedly forms a breach of the
provisions of the agreement of February 27, 2007 between them and Amnon
Brazilay as stated in the immediate report of February 28, 2007, and
therefore they wish to appoint an arbitrator in order to clarify the
disagreements between the parties.

Amnon Brazilay informed the Company that he rejects these claims
altogether, and considers, with his legal consultants, the manner in which
to respond to the claims of Gad Ze'evi and the company in his control.



Contact:
Metis Capital Ltd.
Eran Gluksman, CFO
Phone:  +972-3-537 3000
E-mail:  investor@metis-capital.com

Janina Wismar
Investor Relations
Phone: +49-40-60918650
E-mail: janina.wismar@kirchhoff.de


DGAP 04.02.2008 
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Language:     English
Issuer:       Metis Capital Ltd.
              30 Hamasger Street
              61090 Tel-Aviv
              Israel
Phone:        +972 (03) 537-3000
Fax:          +972 (03) 537-4000
E-mail:       investor@metis-capital.com
Internet:     www.metis-capital.com
ISIN:         IL0003570129
WKN:          936734
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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