Acquisition

Plaza Centers N.V.
12 March 2007



12 March 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 Timisoara,
West Romania ('the site').

The acquisition is Plaza's second transaction in Romania following the Company's
announcement on 30 November 2006 that it had entered into a public-private
partnership agreement with the Government of Romania to develop the
approximately US$1 billion Casa Radio (Dambovica) scheme in Bucharest.

The site totals 31,800 sqm and is located alongside a major road approaching the
city centre of Timisoara, West Romania. The Company plans to build a shopping
centre of approximately 30,000 sqm Gross Lettable Area, exclusive of parking
area.

Plaza has also secured an option to develop on the site approximately 20,000 sqm
of new mixed retail, office and residential space adjacent to the shopping
centre.

The total estimated development cost of the project is €60m.

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

'Timisoara is a city of approximately 330,000 inhabitants which is significantly
undersupplied by the sort of high quality retail space that we specialize in
developing.  This opportunity to develop a major retail destination will
therefore meet both the strong local consumer demand and the pent-up interest
from potential domestic and international tenants for space in this type of
development.

'This acquisition is Plaza's second transaction in Romania and marks a
significant step in the growth of the Company's presence in the region.'


For further details please contact:

Plaza
Ran Shtarkman                                                 [phone]
Roy Linden                                                    [phone]

Financial Dynamics
Stephanie Highett/ Dido Laurimore/ Adam Leviton               [phone]


Notes to Editors

Plaza Centers 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