DGAP-Adhoc: Metis Capital Ltd.: Leasing Operations sold to Ampa - Metis acquires shares in Petro Group

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.
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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 
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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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