Elbit Imaging Announces Availability of Investor Relations Presentation Relating to India Operations

TEL AVIV, ISRAEL--(Marketwire - June 23, 2008) - Elbit Imaging Ltd. (the "Company") (NASDAQ: EMITF) announced today that the Company has placed an Investor Relations Presentation relating to its India-based operations on the Company's website at: www.elbitimaging.com under: "Investor Relations - Company Presentations - Company Presentations 6/2008."

About Elbit Imaging Ltd.

Elbit Imaging Ltd. ("EI") is a subsidiary of Europe Israel (M.M.S.) Ltd. EI's activities are divided into the following principal fields: (i) initiation, construction, operation, management and sale of shopping and entertainment centers in Israel, Central and Eastern Europe, and India; (ii) hotel ownership, primarily in major European cities, as well as operation, management and sale of hotels through EI's subsidiary, Elscint Ltd.; (iii) investments in research and development, production and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment, through EI's subsidiary, InSightec Ltd.; and (iv) activities involving the distribution and marketing of women's fashion and accessories through EI's wholly-owned Israeli subsidiary, Elbit Trade & Retail Ltd., and venture capital investments.

Any forward-looking statements with respect to EI's business, financial condition and results of operations included in this release are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements, including, but not limited to, unexpected results of litigation proceedings, ability to find suitable locations, receipt of approvals and permits for zoning and construction, delays in construction, dependency on partners in the hotel business, competition, risks relating to operations in Eastern Europe and Asia (including India) and risks relating to image guided treatment, economic conditions, as well as certain other risk factors that are detailed from time to time in EI's filings with the Securities and Exchange Commission including, without limitation, EI's Annual Report on Form 20-F for the fiscal year ended December 31, 2006, filed with the Securities and Exchange Commission on July 2, 2007.

Contact Information: For Further Information: Company Contact Shimon Yitzhaki, President Elbit Imaging Ltd. (972-3) 608-6000 syitzhaki@elbitimaging.com Dudi Machluf, CFO Elbit Imaging Ltd. (972-3) 608-6024 dudim@elbitimaging.com Investor Contact (US) Leslie Wolf-Creutzfeldt Grayling Global 1-646-284-9472 lcreutzfeldt@hfgcg.com Investor Contact (Israel) Mor Dagan KM / KCSA Investor Relations Ltd. (972-3) 5167620 mor@km-ir.co.il