Elbit Imaging Announces a Price Increase in an Off-Market Take Over bid for EDT Units

Elbit Imaging EMITF announced today, in continuance to its announcement dated March 10, 2011, that its indirect subsidiary, EPN Holdings II LLC, has increased the price per ordinary unit of EDT Retail Trust from A$0.078 to A$0.09 in the offer made by EPN Holdings under an off-market takeover bid for all of the units in EDT that EPN does not already own. Consequently, the total consideration which would be paid by EPN Holdings in the event of full take up of the Offer (not including the consideration for units acquired on the market following the lodgment of the Bid as detailed below) is approximately US$ 200 million.