Resolution Approved to Issue Stock Options to Chief Executive Officer of Elbit Medical Imaging Ltd., Mr. Emmanuel Gill

Business Wire, March 24, 1999

HAIFA, Israel--(BW HealthWire)--March 24, 1999--Elbit Medical Imaging Ltd. (NASDAQ: EMITF) announced today that at an Extraordinary Shareholder's Meeting a resolution was approved to grant Mr. Emmanuel Gill, the Company's Chairman and Chief Executive Officer, 676,709 stock options exercisable for up to 676,709 Ordinary Shares.

The resolution to grant Mr. Gill the options was approved by 69.4%. 30.4% voted against the resolution and 0.2% abstained.

Oded Tamir Vice President Finance and CFO

Forward looking statements with respect to the Company's business, financial condition and results of operations in this release, are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward looking statements, including, but not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, the effect of the Company's accounting policies as well as certain other risk factors which are detailed from time to time in the Company's SEC filings.