DGAP-Adhoc: Metis Capital Ltd.: Selling of Holdings in

Metis Capital Ltd. / Disposal

27.11.2008 

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 27, 2008  Metis Capital Ltd. (Prime Standard:
EIC; TASE: MTSC) announces that pursuant to the decisions of the Company's
Board of Directors, as reported in the past, the Company signed in the
month of November 2008 an agreement on principles for selling its holdings
in Metis Capital Car Rental Ltd. and in the corporations held by it with a
third party, which is not associated with the Company, and this subject to
various terms, including the approval by the Company's Board of Directors
and terms that are mandatory according to any law.

The Company currently works with said third party, as stated, towards
elaborating a detailed agreement that shall be submitted to the Company's
Board of Directors.

The agreement on principles does not include the continued use of the brand
Europcar, in accordance with the franchise held by the Company, and the
Company currently examines the options available to it, in concert with the
company granting said franchise, namely Europcar.

The effect of the process for selling Metis Capital Car Rental Ltd. is
expected to reach in the September statements a loss of about 9 million
NIS, and the Company has made the corresponding provisions.




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 27.11.2008 
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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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DGAP-Adhoc: Metis Capital Ltd.: Selling of Holdings in Metis Capital Car Rental
