DGAP-Adhoc: Metis Capital Ltd.: Statement of Claim filed by

Metis Capital Ltd. / Legal Matter

16.06.2008 

Release of a Adhoc News, 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; June 16, 2008  Metis Capital Ltd. (Prime Standard: EIC;
TASE: MTSC) announces:

1. On June 12 2008, it was delivered a statement of claim and a request to
appoint a special manager, filed by Gmul Investments Ltd ('Gmul') against
the Company, its controlling party  Ofakim Capital Ltd., Ofakim's
controlling parties  private companies controlled by Mr. Amnon Barzilai
and Mr. Shimon Har'el and against the Israeli Securities Authority. The
Company was not approached by Gmul prior to said claim.

2. In the above claim and request, the court is asked to state that the
Company's affairs are managed in a manner so as to deprive Gmul of its
rights as a shareholder and those of its shareholders among the general
public and to appoint a special manager for the Company to seize the powers
of the Board of Directors.

3. The Company has passed the claim and the request on to its legal counsel
for treatment.

4. The Company estimates that this claim does not hold water and that the
plaintiff shows no basis for the relief demanded thereof. The plaintiff's
points are primarily based upon claims made by Har'el and the company under
his control before the court in the liquidation suit he pressed against
Ofakim Capital Ltd. and against Mr. Amnon Barzilai and a company under his
control in relation to the dispute between them, and the suit and the
request have various documents taken from the Har'el suit attached.

5. The Company possesses an active Board of Directors with 7 members. The
Company intends to appoint Dr. Simcha Sadan, a former senior professor at
the Tel Aviv University School of Business Administration, as a Company
Director with special accounting and financial skills, starting June 19
2008.

6. The Company has summoned a general shareholders' assembly for July 10
2008, on the itinerary of which, among other things, shall be the
appointment of external directors to replace external directors the tenures
of whom have concluded.

7. The Company's financial status is strong and it continues to meet all
its obligations towards its bond (Series A) holders and towards financial
institutions.

8. The Company wishes to express its sorrow for the hasty and irresponsible
step taken by Gmul in the very fact of its filing of a baseless claim,
which is obviously related to the Companys shareholders' dispute, and will
act to present the full extent of its claims before the court.



Contact:
Metis Capital Ltd.
Yaakov Dovrat, CFO
Phone:  +972-3-537 3000
E-mail:  yaakov@metis-capital.com

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


DGAP 16.06.2008 
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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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DGAP-Adhoc: Metis Capital Ltd.: Statement of Claim filed by Gmul
