Acquisition

Plaza Centers N.V.
04 July 2007

4 July 2007

                            PLAZA CENTERS ANNOUNCES
                       THIRD TRANSACTION IN ROMANIA

Plaza Centers N.V. ('Plaza' or the 'Company'), a leading emerging markets
property developer, today announces that it has acquired a major retail
development opportunity in the town of Miercurea Ciuc, in Central Romania.

With an expected investment in the region of €16 million, Plaza's proposals for
the 34,000 sq m site at Miercurea Ciuc include the creation of a retail mall
totalling some 16,000 sq m, together with provision for car parking over an area
of circa 13,000 sq m.  The town of Miercurea Ciuc, with its catchment population
of some 370,000, is the capital of Harghita County in Central Romania, and is
situated approximately 270 km from Bucharest.

This deal represents the company's third acquisition in Romania in just eight
months, following its purchase of a development site in Timisoara, West Romania
in March 2007 for a major mixed-use scheme, and its announcement in November
2006 that it had entered into a public-private partnership agreement with the
Government of Romania to develop the over EUR1 billion (post developments value)
Casa Radio (Dambovica) scheme in Bucharest.  The Casa Radio scheme is the
largest development plot available in Bucharest, covering an area of more than 9
ha (22.7 acres).  The development comprises a 132,000 sq m shopping mall and
leisure centre (one of the largest in Europe), an extensive residential area,
hotel, casino, hypermarket, convention and conference hall, together with two
135 metre tall towers of 53,000 sq m each, which when completed, will be among
the tallest buildings in Bucharest.

Commenting, Ran Shtarkman, the CEO of Plaza Centers, said:

'This acquisition marks another significant step in the growth of the Company's
presence in Romania, and put us in a strong position to capitalise on the retail
opportunity there.  The market dynamics in Miercurea Ciuc are similar to those
in Timisoara - both locations demonstrating strong local consumer demand and
pent-up interest from potential domestic and international tenants for space in
this type of development.

'With works already under way at Casa Radio in Bucharest, we are very excited at
the prospect of pushing our other schemes within our Romanian development
portfolio forward as quickly as possible.'

                                    - ENDS -

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 / Dido Laurimore



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 10 years.




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