BSD B.s.d Crown Ltd

                             EMBLAZE LTD (LSE:BLZ)

                         ("Emblaze" or the "Company")

                                Company Update

Herzeliya, Israel, 6 January 2014.

Capitalised terms will have the meanings ascribed to them in the Company's
announcements of 4 November 2013 and 27 November 2013, as applicable.

Further to the Company's announcements of 17 December 2013 and 30 December
2013, on 5 January 2013 the Court confirmed its decision of 17 December 2013 to
uphold the competing offer of the consortium led by Eduardo Elsztain and Motti
Ben-Moshe in respect to the acquisition of control of IDB.

The Company, together with the other Consortium Members, yesterday filed a
motion to the Court for the immediate release of the funds previously deposited
by the Consortium Members in escrow, and with the Court, with respect to the
Proposed Transaction.

Accordingly, since the Company is no longer contemplating the Proposed
Transaction, the Company is consulting with the UKLA with respect to the
lifting of the suspension of trading in its ordinary shares.. A further
announcement will be made in this regard in due course.

Enquiries:

Hagit Gal, Emblaze hagit.gal@emblaze.com
The Emblaze Group is traded on the London Stock Exchange (LSE: BLZ) since 1996.
www.emblaze.com.