The exit poll projection is worse than the most pessimistic forecast for the Israeli Prime Minister. If correct, he has lost seats to the centre and the far right and will need to do deals with both sides to form a coalition government. No easy task.
The exit poll suggests that predictions that Israel would take a decisive lurch to the far right have been confounded. The centre and centre left have performed better than expected. One seasoned Israeli pundit just told me; "The voters have just saved Israel from itself."