Elbit Medical Imaging Ltd. Announces Sale of Subsidiaries

TEL-AVIV, Israel, April 30 /PRNewswire-FirstCall/ -- Elbit Medical Imaging Ltd. (TASE, Nasdaq: EMITF) (“EMI” or the “Company”) announced today that on April 22, 2007 its wholly owned subsidiaries Elscint Ltd. and E.L.S Trust Ltd. (“Elscint”) have signed an Addendum to the Heads of Terms dated February 6, 2007 (“Addendum”), with Israel Financial Levers Ltd. (TASE) (“Israel Financial Levers”), with regards to the sale of “Arena” Shopping and Entertainment Center, located at the Herzlia Marina in Israel (“Arena Center”).

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