DGAP-Adhoc: Metis Capital Ltd.: Trade & Value AG sells

Metis Capital Ltd. / Miscellaneous

05.03.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Tel Aviv/ Israel; March 5, 2009 - Metis Capital Ltd. (Prime Standard: EIC;
TASE: MTSC) announces that on March 5, 2009, Trade & Value AG, a German
Corporation and shareholder of Metis Capital Ltd., has informed the company
that it has entered an agreement with GMV Ltd. (a company which its final
beneficiary is the same as of Mirage Development Israel Ltd). pursuant to
which 522,357 shares of Metis Capital Ltd. were sold to GMV Ltd. at a price
of EUR 2.42 per share on March 4th, 2009. The sale was made outside of the
stock market. As a result GMV Ltd holds 6.49% and 6.26% in full dilution.

The said agreement further provides for an additional sale of 350,000
shares of Metis by September 30th, 2009, at a price of EUR 2.42 per share
plus agreed interest. GMV Ltd. undertook to make a down payment of Euro
55,000 on account of the second sale.

The agreement also includes understandings pursuant to which Trade & Value
AG will vote its remaining shares as instructed by GMV Ltd. until the
earlier of: (i) the completion of the second sale; or (ii) 30.9.2009. It
has further been agreed that during the said period GMV Ltd. will use its
voting rights against any proposal to delist the shares of Metis from trade
at the German stock market or to reduce ist transparency reporting
standard. The understandings pursuant to this paragraph are subject to
compliance with all applicable laws.



Contact:
Metis Capital Ltd.
Ilan Engel, CFO
Phone:  +972-3-537 3000
E-mail:  ilan@metis-capital.com

Janina Wismar
Investor Relations
Phone: +49-40-60918650
E-mail: janina.wismar@kirchhoff.de


DGAP 05.03.2009 
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Language:     English
Issuer:       Metis Capital Ltd.
              30 Hamasger Street
              61090 Tel-Aviv
              Israel
Phone:        +972 (03) 537-3000
Fax:          +972 (03) 537-4000
E-mail:       investor@metis-capital.com
Internet:     www.metis-capital.com
ISIN:         IL0003570129
WKN:          936734
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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DGAP-Adhoc: Metis Capital Ltd.: Trade & Value AG sells Metis shares to GMV Ltd.
