Metis Capital Ltd.
Metis Capital Ltd.: Preliminary negotiations on sale of Metis Capital Rent a Car Ltd.
Metis Capital Ltd. / Disposal 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. ---------------------------------------------------------------------- Tel Aviv/ Israel; March 19, 2008 – Metis Capital Ltd. (Prime Standard: EIC; TASE: MTSC) is announcing in response to a publication advertised in the press, that it is currently conducting negotiations for the sale of its holdings in Metis Capital Rent a Car Ltd, a subsidiary which is in the full ownership of Metis Capital and which is also the owner of the concession to the brand 'Europcar' in Israel and is engaged in the area of car rental and leasing. The matter has yet to be mentioned at the Company's board of directors and the Company has not reached a decision to engage in any transaction. Should the company engage in a transaction, it will be following the signature stage of a detailed, binding agreement, subject to the Company's board of directors’ approval and subject to suspended conditions including obligations and undertakings from its activities according to the law. It should be mentioned that there is no certainty that the negotiation will result in signing a binding agreement and that the transaction will be executed. 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 19.03.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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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