Mr. Zisser, Executive President of Elbit Imaging, served as Executive Chairman of the board of directors from 1999-2009. Mr. Zisser was President and Chairman of the board of directors of Europe-Israel since March 1998, and President and Chairman of the board of directors of Control Centers since 1983. He has developed major real estate development projects in Israel (including the city of Emmanuel, the Herzliya Marina, the Ashkelon Marina, and the Sea and Sun luxury residential project in north Tel Aviv), as well as large scale residential and hotel projects abroad. As President, Mr. Zisser leads Elbit Imaging’s core businesses, including real estate investment, hotel ownership and management, development and operation of shopping and entertainment centers in Central/Eastern Europe and in India, development of major residential projects and mixed-use complexes as well as venture capital investments in the hi-tech, medical and bio-technology industries. Mr. Zisser has also served as Executive Chairman of the board of directors of Plaza Centers since October 2006. Mr. Zisser is active in charitable organizations and is a member of the management of the “Oranit” hostel.

Mr. Yitzhaki serves as Chairman of Elbit Imaging’s Board of Directors. From 1999-2009, Mr. Yitzhaki was President and Chief Executive Officer, as well as being a member of the Company’s board of directors. From March 2005 until August 2006, Mr. Yitzhaki also held the title of Chief Financial Officer. Mr. Yitzhaki holds the position of board director of a number of Elbit Imaging subsidiaries, including Elscint (since May 1999) and Plaza Centers (since October 2006). Previously, Mr. Yitzhaki served as Vice President of Europe-Israel and as Vice President of Control Centers. Mr. Yitzhaki holds a B.A. in accounting from Bar Ilan University and is a Certified Public Accountant.

Mr. Goren has served as a member of Elbit Imaging’s board of directors since April 2006 and as Vice Chairman since September 2006. Since July 1999, Mr. Goren has also been Executive Chairman of the board of directors of Elscint. Mr. Goren focuses on the development of new investments for the Company, and heads the high-tech investment division. Until 2004, Mr. Goren was Executive Chairman of the board of directors of Nessuah Zannex Ltd., a leading Israeli investment house. Mr. Goren was a partner at the law firm of Prof. Joseph Gross, Hodak, Greenberg & Co. (now known as Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co.) in Tel Aviv, a leading Israeli securities and corporate law firm. From September 1989 until August 1992, Mr. Goren was an associate at the law firm of Weil, Gotshal & Manges LLP in New York. Mr. Goren also serves as a director of various private companies in Israel and abroad. Mr. Goren holds an L.L.B. from Bar Ilan University and an L.L.M. from New York University. Mr. Goren was admitted to the Israeli Bar in 1987 and to the New York State Bar in 1990.

Mr. Rubner has served as a member of Elbit Imaging’s board of directors since July 2003. Mr. Rubner is Chairman of the board of directors and Chief Executive Officer of Rubner Technology Ventures Ltd. as well as the General Partner of Hyperion Israel Advisors Ltd., a venture capital firm. From 1991 until 2000, Mr. Rubner held various positions at ECI Telecom Ltd., including President, Chief Executive Officer, Chief Engineer, Vice President of operations and Executive Vice President and General Manager of the Telecommunications Division. Mr. Rubner participates on the boards of public companies including Check Point Software Ltd., Radware Ltd., as well as several privately held companies. Mr. Rubner is a member of the boards of trustees of Bar Ilan University and Shaare Zedek Hospital. Mr. Rubner holds a B.S. in engineering from Queen Mary College, University of London and an M.S. from Carnegie Mellon University. Mr. Rubner was the recipient of the Israeli Industry Prize in 1995.

Mr. Tropp has served as one of Elbit Imaging’s external directors since September 2004. Since 2003, Mr. Tropp has been a senior consultant at Zenovar Consultant Ltd. From February 2006 until June 2007, Mr. Tropp served as chairman of the board of Rafael Advanced Defense Systems Ltd. From 2000 until 2003, Mr. Tropp held the title of Chief Financial Officer of Enavis Networks Ltd. Mr. Tropp has been a board member of various companies, including Rafael (Armament Development Authority) Ltd., Beit Shemesh Engines Ltd., Rada - Electronic Industries Ltd. and has also served as the Chairman of the investment committee of Bank Leumi Le’Israel Trust Company Ltd. Mr. Tropp holds a B.Sc. in agriculture and an M.Sc. in agricultural economics and business administration from the Hebrew University in Jerusalem.

Mr. Lion has served as a member of Elbit Imaging’s board of directors since April 2006. Mr. Lion is a senior partner at Lion, Orlitzky and Co., an accounting firm in Israel, Chiarman Jerusalem Development Authority since June 2008 and a member of the Board of Brainstorming Cell Therapeutics since July 2007. From April 2003 until April 2006, Mr. Lion was Chairman of Israel Railways. From October 2000 until December 2005, Mr. Lion held the position of Director of Elscint. From December 1997 to July 1999, Mr. Lion was Director General of the Israeli Prime Minister’s Office and as an economic advisor to the Israeli Prime Minister. From January 1997 to November 1997, Mr. Lion held the title of Head of the Bureau of the Israeli Prime Minister’s Office and was an economic advisor to the Israeli Prime Minister. Mr. Lion served as a member of the board of directors of Bank Massad Ltd. from January 2000 until November 2006 and as a member of the board of directors of Bank Tefachot Ltd. from November 1999 until May 2004. Mr. Lion is currently a member of the board of directors of the Israel Council for Higher Education and of the Wingate Institute for Physical Education. Mr. Lion holds a B.A. in accounting and economics and an L.L.M., both from Bar Ilan University.

Mr. Peretz has served as a member of Elbit Imaging’s board of directors since April 2006. Since 1997, Mr. Peretz has been President of the European Division of Israel Aerospace Industries Ltd. From March 2003 until December 2005, Mr. Peretz was a member of the board of directors of Elscint. From 1991 until 1996, Mr. Peretz served as Vice President (Finance) of Israel Aerospace Industries Ltd. From 1980 until 2002, Mr. Peretz held board director positions with numerous companies, including Elta Ltd., Magal Ltd., Medisel Technologies Inc. and Belgium Advanced Technologies. Mr. Peretz holds a B.A. in economics and political science from the Hebrew University in Jerusalem, as well as an M.B.A. from the New York Institute of Technology.

Ms. Frenkel Ronen is serving as one of our external directors since December 2008. Since 2008, Ms. Frenkel Ronen has served as the Chief Financial Officer of Orek Paper Ltd.Since 2005, Ms. Frenkel Ronen has headed her family’s real estate business.Ms. Frenkel Ronen currently serves as a member of the board of the Institute of CPAs in Israel, as the Chair of the CEOs, CFOs and Controllers Committee of the Institute of CPAs in Israel, as an external director of Tao Tsuot Ltd, and as an external director of the Haifa Port Ltd since November 2008. Ms. Frenkel Ronen served as the Public Representative for the Public Utility Authority - Electricity from 2004 to 2007. From 1999 to 2002, Ms. Frenkel Ronen served as Chief Financial Officer of Sherutey Hashomrim Group. From 1993 to 1999, Ms. Frenkel Ronen served as the Chief Controller and Financial Reports Supervisor of the Tnuva Industry Group of Companies, including its 96 subsidiaries. Ms. Frenkel Ronen holds a B.A. in accounting and economics and an Executive M.B.A., both from Tel-Aviv University. Ms. Frenkel Ronen is a Certified Public Accountant.