RNS Number:2419L
Emblaze Systems Ld
19 May 2003

                               SCHEDULE 11


          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1)     Name of company


EMBLAZE SYSTEMS LTD.


2)            Name of Director


ELI REIFMAN


3)     Please state whether notification indicates that it is in respect of
holding of the shareholder name in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18 or in respect of a
non-beneficial interest.


AS ABOVE


4)     Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them (if notified)


ELI REIFMAN


5)     Please state whether notification relates to a person(s) connected with
the Director named in 2 above and identify the connected person(s)


SEE 4) ABOVE



6)     Please state the nature of the transaction. For PEP transactions please
indicated whether general/single co PEP and if discretionary/non discretionary


PURCHASE OF SHARE



7)     Number of shares/amount of stock acquired:


14,150,000



8)     Percentage of issued class


10.2%



9)     Number of shares/amount of stock disposed


N/A



10)     Percentage of issued class


N/A

11)     Class of security


ORDINARY SHARES



12)     Price per share




13) Date of transaction



MAY 18, 2003


14)     Date Company informed


MAY 18, 2003



15)     Total holding following this notification


27,937,184



16)     Total percentage holding of issued class following this notification


20.12%



17)     Date of grant


N/A


18)     Period during which or date on which exercisable


N/A


19)     Total amount paid (if any) for grant of the option


N/A



20)     Description of shares or debentures involved: class, number


N/A



21)     Exercise price (if fixed at time of grant) or indication that price is
to be fixed at time of exercise


N/A



22) Total number of shares or debentures over which options held following this
    notification


N/A



23)     Any additional information




24)     Name of contact and telephone number for queries


TAMAR RAPAPORT-DAGIM

+972-9-7699302



25)     Name of signature or authorised company official responsible for making
this notification


TAMAR RAPAPORT-DAGIM, CFO



Date of Notification: 19 May 2003






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