Metis Capital Ltd. / Disposal 17.11.2008 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; November 17, 2008 Further to the Company's report dated 28.8.08, Metis Capital Ltd. (Prime Standard: EIC; TASE: MTSC) announces, that a transaction has been completed for selling the leasing operations from Metis Capital Leasing Ltd. - Registered General Partnership, which the Company holds through corporations under its full control, to the company Ampa Capital Car-Lease Ltd. Metis Capital Ltd. hereby further announces that pursuant to the decision of the Company's board of directors and in accordance with those, the Company performed the following acts: 1. It has acquired over the last period 84,371,313 bonds (Series A) at their nominal value of the company Ameris Holdings Ltd., in the course of the trade done at the Tel Aviv Stock Exchange Ltd., as well as at transactions concluded outside of the Exchange, for the total amount of 16,955,679 NIS. The acquired bonds account for about 47.38% of the total nominal value of the bond series in circulation. To the best of the Company's knowledge, the Bonds are secured, by way of a senior lien, by pledge of 7,751,364 shares of the company Petro Group Ltd. owned by Ameris, which account for 48% of the whole of the issued and paid-up capital share at Petro Group, and by assignment by way of lien on Ameris' rights to obtain amounts as part of its holdings in a certain real estate project. 2. The Company granted Ameris a loan in the total amount of 2 million NIS, which shall become due for repayment on April 30th, 2009, bearing a 6% interest rate for the duration of the loan period, and this against pledge of 2,106,440 Petro Group shares held by Ameris, which account for about 13.18% of the share capital of Petro Group. 3. The Company acquired 896,543 shares in Petro Group, which account for about 5.61% of the whole of the issued and paid-up share capital of Petro Group for the total amount of 1,865,082 NIS. In the Company's estimation, said acts will enable the Company to get integrated into any arrangement involving the discharge of the Bonds in such way as to produce a positive return on its investment in the Bonds and in the shares. The Company postponed issuing this report concerning the adoption of the above-mentioned decision and about said acts up until the completion of the acquisition of the amount of bonds and shares that it had set itself as goal, and this after the Company had become convinced that publication of the above-mentioned decisions and the acts it had performed, as stated, might prevent the actual implementation of the Company's plans, or else considerably worsen the terms of the transaction. The Company may acquire additional bonds and/or additional shares in Petro Group. Contact: Metis Capital Ltd. Ilan Engel, CFO Phone: +972-3-537 3000 E-mail: ilan@metis-capital.com Janina Wismar Investor Relations Phone: +49-40-60918650 E-mail: janina.wismar@kirchhoff.de DGAP 17.11.2008 --------------------------------------------------------------------------- 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.: Leasing Operations sold to Ampa - Metis acquires shares in Petro Group
| Source: EQS Group AG