Metis Capital Ltd. / Disposal 11.08.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Tel Aviv/ Israel; August 11, 2008 Further to a newspaper publication in Israel, Metis Capital Ltd. (Prime Standard: EIC; TASE: MTSC) announces that its controlling shareholders let the company know that they did not conduct negotiations with David Azrieli and/or companies under his control (the 'Azrieli Group') for selling the control of Metis to the above-named entities. Metis is currently conducting initial contacts with the Azrieli Group with a view to looking into the possibility of selling its holdings in Japan Auto Holdings Ltd. (50%), as well as in other companies thus held. No understandings or agreements have been reached between the parties as yet, and there is no certainty that those contacts will ever ripen into a deal. 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 11.08.2008 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Metis Capital Ltd.: Negotiations with Azrieli on selling holdings in Japan Auto
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