BrainStorm Enters Into Warrant Exercise Agreement for Approximately $13 Million in Proceeds Warrant Holders Exercising at a Premium; to Receive New Warrants

Hackensack, NJ & Petach Tikvah, Israel – January 8, 2015 – BrainStorm Cell Therapeutics Inc. (NASDAQ:BCLI), a leading developer of adult stem cell technologies for neurodegenerative diseases, today announced it has entered into a Warrant Exercise Agreement with certain holders of warrants issued in the June 13, 2014 private placement. These holders have agreed to exercise their warrants in full (for a total of approximately 2.5 million shares of common stock) at an exercise price of $5.22 per share, a 4% premium to the closing price of $5.03, which will generate gross cash proceeds of approximately $13 million. For each warrant exercised, BrainStorm agreed to issue 1.5 new warrants to the holders to purchase unregistered shares of common stock at an exercise price of $6.50. BrainStorm will file a registration statement covering the resale of the additional shares of common stock underlying the newly issued warrants.

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