Elscint Limited Announces Share Repurchase Program TEL AVIV, Israel, Dec. 1 /PRNewswire-FirstCall/ -- Elscint Limited (NYSE: "ELT") (the "Company") today announced that its board of directors has approved the repurchase of ordinary shares of the Company in an aggregate amount of up to $3 million under a share repurchase program (either in the open market or in privately negotiated transactions). This program will be effective from January 1, 2004 until December 31, 2004. Elscint Limited has interests in hotels in Western Europe, in hotel development projects principally in Western and Central Europe and in the "Arena" commercial and entertainment center at Herzlia Marina in Israel. More information regarding the Company is available at: http://www.elscint.net/ This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission. DATASOURCE: Elscint Limited CONTACT: Marc Lavine, Adv., Elscint Limited, +972-3-608-6001, ; or Rachel Levine of The Anne McBride Company, +1-212-983-1702, ext. 207, , for Elscint Limited Web site: http://www.elscint.net/

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