The review of the NAV as of December 31, 2014 was carried out based on the NAV as of December 31,
2012 while depreciating the assets' value according to the realization plan of Plaza and the settlement of its
liabilities based on the existing amortization schedule. The NAV resulting from the above calculation
amounts to approximately EUR 299 million in terms of December 31, 2014, out of which Elbit Imaging’s
share amounts to approximately EUR 185 million.
Today`s Market cap EUR 45 .
With revisioning no doubt ahead post Elbit .