DGAP-Adhoc: Metis Capital Ltd.: Negotiations with Azrieli on selling holdings in Japan Auto

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.
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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 
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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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