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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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.: Selling of Holdings in Metis Capital Car Rental
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