London, December 24 


                             Emblaze Ltd (LSE:BLZ)

                         ("Emblaze" or "the Company")

                                Company Update

                    BGI Investments (1961) Ltd. Cash Offer

Herzeliya, Israel, 24 December, 2013

Cash Offer

BGI Investments (1961) Ltd. ("BGI") has informed the Company that today it has
made, through B.G. Alpha Ltd., BGI's indirectly wholly owned subsidiary, a cash
offer (the "Offer") to holders of ordinary shares in the capital of the Company
to acquire five (5) per cent. of the voting rights of Emblaze, subject to the
terms and conditions of the Offer. BGI's intention to make the Offer was
previously referred to by the Company in its announcement of 19 August, 2013
(by reference to BGI's announcement of 15 August, 2013) and in the circular and
Notice of Extraordinary General Meeting in respect of the Company's move to the
standard list, dated 16 October, 2013.

The Offer document published by BGI in respect of the Offer will be available
on the Company website later today and values each Emblaze share at GBP 0.75. A
copy of the Offer document will also be posted to shareholders who are not
registered in a Prohibited Territory (as defined in the Offer document) in due
course and will set out in detail the procedure for accepting (or otherwise
voting against) the Offer.

The Company's board of directors is required by law to state its position
vis-
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