Complementary Notice

Plaza Centers N.V.
11 February 2008

                               PLAZA CENTERS N.V.

                           ('Plaza' or the 'Company')



 PLAZA CENTERS N.V.  ANNOUNCES THE PUBLICATION OF A COMPLEMENTARY NOTICE TO THE
                              PROSPECTUS IN ISRAEL



February 11, 2008 - Plaza Centers N.V. ('Plaza' or the 'Company') announces that
it had published today in Israel a Complementary Notice to Plaza's prospectus
dated 3 February, 2008 (the 'Prospectus') in connection with Plaza's offering of
Series B Notes (the 'Complementary Notice'). The Complementary Notice provides
additional information with respect to Plaza's offerings of Series B Notes and
constitutes a part of the Prospectus.



In accordance with Plaza's Prospectus and the Complementary Notice, Plaza offers
the Series B Notes in a tender based on the annual interest rate of the Series B
Notes, at up to NIS 720 million Series B Notes, each having NIS 1 par value,
offered at 100% of their par value, comprised of 720,000 units consisting of NIS
1,000 par value Series B Notes each (the 'Series B Units'). Series B Units are
offered by way of a tender based on the maximum annual interest rate, provided
that the maximum annual interest rate to be borne by Series B Notes may not
exceed 5.4%.



The tender with respect to Series B Notes will be held on 12 February, 2008
between 8:30 a.m. (Israel time) and 3:00 p.m. (Israel time).



Plaza has received early commitment offers from classified investors to purchase
634,000 Series B Units, which constitute approximately 88% of the aggregate
Series B Units, offered under the Complementary Notice. For additional
information regarding the early commitment offers of classified investors for
the offered Series B Notes, see Plaza's announcement, dated 8 February, 2008.



The expected immediate gross proceeds to Plaza from the offerings of Series B
Notes will be approximately NIS 720 million (approximately €137.68 million). The
aggregate amount that Plaza expects to pay for early commitment fees,
coordination and distribution fees in connection with the offering of the Series
B Notes is approximately NIS 4.73 million and other expenses related to the
offering estimated at NIS 1.67 million, constituting approximately 0.89% of the
expected net proceeds of NIS 720 million from the offering of Series B Notes.



The TASE has given its approval for the listing of Series B Notes for trade. The
listing of each of the Series B is subject to the satisfaction of certain TASE's
requirements regarding minimum public holdings and minimum dispersal.



The offering of the Series B Notes will be made to persons in Israel only.




About Plaza Centers N.V.



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 11 years.




For further details, please contact:


Plaza Centers

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

Financial Dynamics                                           [phone]
Stephanie Highett / Laurence Jones








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