Emblaze Ltd (LSE:BLZ)

                         ("Emblaze" or "the Company")

                                Company Update

               BGI Investments (1961) Ltd. Cash Offer Extension

Herzeliya, Israel, 16 January, 2014

Cash Offer

Capitalised terms will have the meanings ascribed to them in the Company's
announcements of 15 August 2013, 22 August 2013, 24 December, 2013 and 13
January, 2014.

Further to the Company's announcements of 24 December, 2013 and 13 January,
2014 and in line with the terms of the Offer, BGI has informed the Company that
in order to accommodate as many shareholders and depository interest holders of
the Company as possible, the deadline for accepting the Offer will be extended
until 24 January 2014. BGI does not expect further to extend the period for
acceptance of the Offer.

The revised expected timetable shall be as follows:

Record date relating to the despatch of the                   23 December, 2013
Offer document

Posting of Offer documents to Shareholders                    30 December, 2013
and Depository Interest Holders

Latest time and date for receipt of Forms of         1.00pm on 24 January, 2014
Acceptance, TTE Instructions from Depository
Interest Holders and Tax Declaration Forms

Outcome of Tender Offer announced after           By 8.00am on 25 January, 2014
initial final date for acceptance

Latest time and date for receipt of Forms of         1.00pm on 28 January, 2014
Acceptance, TTE Instructions from Depository
Interest Holders and Tax Declaration Forms,
in circumstances where there is an Additional
Acceptance Period

Outcome of Tender Offer announced (if             by 8.00am on 29 January, 2014
relevant), following Additional Acceptance
Period

Cheques despatched for Emblaze Shares                      By 11 February, 2014
purchased pursuant to the Tender Offer and
payment through CREST for Depository
Interests purchased pursuant to the Tender
Offer

CREST accounts credited for revised holdings               by 11 February, 2014
of Depository Interests; and

TFE instructions to be made in CREST for the
return of Depository Interests where a vote
against the Offer has been made

Despatch of balance share certificates for                 by 11 February, 2014
unsold Emblaze Shares

In addition, Chabad 770 has informed the Company that the Interim Period for
exercising the Call Options was extended until 31 January, 2014 with Fortissimo
and one other Seller; and until 3 February, 2014 with Shani and the other
Sellers.

The Company will continue to notify shareholders of any updates with regard to
the Offer by issuing further announcements via PRN, a Regulatory Information
Service. All such announcements may also be viewed at the same time on the
Company's website at www.emblaze.com.

Enquiries:

Hagit Gal, Emblaze hagit.gal@emblaze.com

The Emblaze Group has been traded on the London Stock Exchange (LSE: BLZ) since
1996.

www.emblaze.com