Site Acquisition

Plaza Centers N.V.
17 August 2007



17 August 2007



                  PLAZA CENTERS CONTINUES EXPANSION IN ROMANIA





Plaza Centers N.V. ('Plaza' or the 'Company'), a leading emerging markets
property developer, today announces that it has acquired a site in Slatina, in
southern Romania ('the site').

The Slatina site totals approximately 20,000 sqm and is located in the
north-western part of Slatina. Plaza plans to build a shopping and entertainment
centre with approximately 25,000 sqm of built area, plus 450 parking places. In
addition the site comes with an option to develop approximately 10,000 sqm of
residential accommodation, which the Company may consider selling to a third
party.

This project is Plaza's fifth development project in Romania since it commenced
operations in the country in November 2006. The Company's other schemes in
Romania include projects at Iasi, Timisoara, Miercurea Ciuc and, most
significantly, its landmark Casa Radio scheme in the heart of Bucharest, which
comprises more than 500,000 sqm of built area including shopping, leisure,
office, conference facilities and parking places.

Plaza's total investment in the Slatina scheme is expected to be approximately
€24.5 million.


Commenting on the deal, Ran Shtarkman, CEO, Plaza Centers N.V. said:



'Slatina is a vibrant city with around 80,000 inhabitants and is considered a
major city in the county of Olt which has a population of 520,000. It has a
strong industrial base, with companies such as Pirelli Tyres located there.
However, it is lacking the sort of high quality retail space that we specialize
in developing. Given that demand for prime retail space in the city is strong,
we are confident that our latest Romanian project will generate strong interest
from potential occupiers.

'This acquisition is Plaza's fifth transaction in Romania since November 2006.
We believe the Romanian property sector is set to enjoy a long period of steady
growth, backed by growing demand from occupiers and increasing interest from
international investors in institutional grade assets in the region.'





                                     Ends.



For further details please contact:


Plaza
Ran Shtarkman                                                     [phone]
Roy Linden                                                        [phone]

Financial Dynamics
Stephanie Highett/Lauren Mills                                  [phone]





Notes to Editors



Plaza Centers N.V. (www.plazacenters.com) is a leading emerging markets
developer of shopping and entertainment centres, focusing 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 an indirect subsidiary of Elbit Medical Imaging Ltd. ('EMIL'), 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 present in real
estate development in emerging markets for over 11 years.



                      This information is provided by RNS
            The company news service from the London Stock Exchange