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| NAME OF COMPANY                                | COUNTRY OF ORGANIZATION | DIRECT/INDIRECT OWNERSHIP PERCENTAGE |
|------------------------------------------------|-------------------------|--------------------------------------|
| BEA Hotels N.V.                                | The Netherlands         | 100%                                 |
| Elbit Medical Technologies Ltd.                | Israel                  | 89.97% (1)                           |
| InSightec Ltd.                                 | Israel                  | 65.9% (2)                            |
| Gamida Cell Ltd.                               | Israel                  | 31.6% (3)                            |
| Elbit Plaza India Real Estate Holdings Limited | Cyprus                  | 50% (4) (5)                          |
| Elbit Plaza USA, L.P.                          | USA                     | 100% (6)                             |
| Elbit USA, LLC                                 | USA                     | 100% (7)                             |
| Elbit USA II, LLC                              | USA                     | 100% (7)                             |
| Plaza USA, LLC                                 | USA                     | 100% (8)                             |
| EPN GP, LLC                                    | USA                     | 43.3% (9)                            |
| EPN EDT Holding II, LLC                        | USA                     | 47.3% (9)                            |
| Elbit Fashion Ltd.                             | Israel                  | 100%                                 |
| Elbit Ultrasound (Luxembourg) B.V. / S.a.r.l.  | Luxembourg              | 100%                                 |
| Plaza Centers N.V.                             | The Netherlands         | 62.52% (10)                          |

| (1) | 93.47% on a fully diluted basis. |
|-----|----------------------------------|

| (2) | 53.05% on a fully diluted basis, including warrants granted by InSightec contingent upon certain rates of return as well as certain options exercisable into InSightec's ordinary shares. Held through Elbit Medical. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Held through Elbit Medical. |
|-----|-----------------------------|

| (4) | We hold 47.5% of the shares in EPI directly, and an additional 47.5% through PC. For additional information as to the joint venture signed between us and PC regarding EPI, see “Item 4.B Business Overview - Residential Projects.” |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | For details as to the grant of 5% of EPI’s equity to Mr. Abraham (Rami) Goren, our former Executive Vice Chairman of the board of directors. See "Item 6.B. Directors, Senior Management and Employees - Compensation of Directors and Officers - Agreements with our Former Executive Vice Chairman." |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | We hold 50% in Elbit Plaza USA directly, and an additional 50% through PC. |
|-----|----------------------------------------------------------------------------|

| (7) | We hold 50% in Elbit USA, LLC and Elbit USA II, LLC directly and an additional 50% indirectly through PC (although all of the risks and benefits with respect to those entities are vested with us). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | We hold 50% in Plaza USA, LLC directly and an additional 50% indirectly through PC (although all of the risks and benefits with respect to those entities are vested with PC). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Indirectly held through PC, Elbit Plaza USA., Elbit USA, LLC, Elbit USA II, LLC and Plaza USA, LLC, provided that only 21.64% is owned by us and the remaining 21.64% is owned by PC. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Approximately 56.90% on a fully diluted basis. |
|------|------------------------------------------------|

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