Dividend Declaration

Plaza Centers N.V.
02 May 2008

2 May 2008






Plaza Centers N.V. - Dividend Per Share





Plaza Centers N.V. ('Plaza' or the 'Company'), a leading emerging markets
property developer, today announces that, subject to approval at the Company's
Annual General Meeting of Shareholders on 27 May, a cash dividend payment of EUR
57 Million will be paid to shareholders, and based on the total number of
292,431,381 shares in issue, the dividend per share is EUR 0.1949.



The dividend payment will be made on 12 June 2008 to all shareholders on the
Company's register on 30 May 2008 (the record date).  The ex-dividend date will
be 28 May 2008.



In accordance with local Dutch tax regulations, a tax of 15% will be withheld
and paid in the Netherlands, on behalf of each holder that is holding less than
5% of the Company's shares.



For further details please contact:

Plaza
Mordechay Zisser, Chairman                                   [phone]
Ran Shtarkman, President and CEO                             [phone]
Roy Linden, CFO                                              [phone]

Financial Dynamics                                           [phone]
Stephanie Highett/Laurence Jones





Notes to Editors



  • Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets
    developer of shopping and entertainment centres.  It focuses on constructing
    new centres and, where there is significant redevelopment potential,
    redeveloping existing centres in both capital cities and important regional
    centres. The Company is dual listed on the Main Board of the London Stock
    Exchange and, as of 19 October 2007, the Warsaw Stock Exchange (LSE:'PLAZ',
    WSE: 'PLZ/PLAZACNTR'). Plaza Centers N.V.  is an indirect subsidiary of
    Elbit Imaging Ltd. ('EIL'), an Israeli public company whose shares are
    traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global
    Market in the United States.



  • Plaza Centers is a member of the Europe Israel Group of companies which is
    controlled by its founder, Mr Mordechay Zisser.  It has been active in real
    estate development in emerging markets for over 12 years.








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