Metis Capital Ltd.: Barzilay acquires further shares in Metis

Metis Capital Ltd. / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, 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; July 28, 2008 – Metis Capital Ltd. (Prime Standard: EIC;
TASE: MTSC) announces, that it has received notice from Amnon Barzilay, the
controlling shareholder of Metis Capital Ltd., who holds through Ofakim
Capital Ltd. about 47.72% (prior to dilution) from its issued capital and
the voting rights in Metis (Amnon Barzilay holds 50.5% of the share capital
and the voting rights in Ofakim and is the controlling shareholder in it).

According to this notice, on July 24th, 2008, an agreement was signed
between Amnon Barzilay and Trade & Value AG and Markus Wülfing ('the
Sellers') for acquiring 875,000 shares in Metis Capital Ltd., which (prior
to dilution) cumulatively account for about 10.87% of the issued capital
and the voting rights in Metis, and this for the amount of 2.50 Euros per
Company share, and in total 2,187,500 Euros ('the Consideration'), which
shall be paid to each of the above Sellers proportionately to the amount of
the shares sold by him.

Pursuant to the Agreement, at the date of signing the Agreement, Barzilay
shall pay 10% of the Consideration, and the remainder shall be paid to the
Sellers by October 22nd, 2008, and this in exchange for transferring the
shares in Barzilay's name within 3 to 5 business days from the date of
paying the remainder of the Consideration to the Sellers as stated.
Starting from the date of signing the Agreement, the Shares Thus Sold shall
be kept in a trust account with a third party, up until the completion of
the transaction.

Likewise, an option was granted under the Agreement to another entity to
sell Barzilay up to 175,000 shares in Metis Capital Ltd., which (prior to
dilution) account for 2.17% of the issued capital and the voting rights in
Metis, and this on terms identical with the terms set, as stated, for
selling the Shares Thus Sold.

Following the completion of the transaction with the Sellers, Barzilay
himself will hold (in addition to his holdings in Metis Capital Ltd.
through Ofakim) 10.87% of the issued capital and the voting rights in Metis
Capital Ltd. prior to dilution, and 10.49% of the issued capital and the
voting rights in Metis after dilution.

Nach Abschluss der Transaktion mit den Verkäufern wird Barzilay selbst
(zusätzlich zu seinen Anteilen an Metis Capital Ltd. durch Ofakim) 10.87%
des ausgegebenen Kapitals und der Stimmrechte an Metis Capital Ltd. vor
Verwässerung und 10,49% des ausgegebenen Kapitals und der Stimmrechte an
Metis Capital Ltd. nach Verwässerung halten.

Soweit auch die oben genannte Option vollständig ausgeübt wird, wird
Barzilay 13,04% des ausgegebenen Kapitals und der Stimmrechte an Metis
Capital Ltd. vor Verwässerung und 12,58% des ausgegebenen Kapitals und der
Stimmrechte an Metis nach Verwässerung halten.




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


28.07.2008  Financial News transmitted by DGAP
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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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