Elscint Limited Announces Share Repurchase Program

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, [phone],

; or Rachel Levine of The Anne McBride Company,

[phone], ext. 207, , for Elscint Limited



Web site:  http://www.elscint.net/ 

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