Disposal

Plaza Centers N.V.
30 July 2007

30 July 2007

                        PLAZA CENTERS SELLS 50% STAKE IN
                       LUBLIN PLAZA, POLAND, TO KLEPIERRE

Plaza Centers N.V. ('Plaza' or the 'Company'), a leading Central and Eastern
European ('CEE') emerging markets property developer, announces today that it
has formally completed the sale of its 50% stake in the Lublin Plaza Shopping
and Entertainment centre in Poland to Klepierre SA ('Klepierre'), a leading
French property group.

Plaza developed the Lublin Plaza project together with a 50% joint venture
party, while the active management was handled solely by Plaza. Both parties
agreed to sell their holdings to Klepierre.

The market value of the shopping centre, which was 100% let to international and
local tenants on its opening to the public in June 2007, now totals
approximately €78 million (on a 100% basis), compared to the estimated value of
approximately €62 million at the time of the Company's Admission to trading.

Lublin Plaza is located in the heart of Lublin and comprises 26,000 sq m of
gross lettable area, with adjacent parking facilities for 690 vehicles.  Lublin
Plaza is the first shopping centre in Lublin to combine shopping with
entertainment facilities.

In addition, the Company is pleased to confirm that, further to its announcement
to shareholders on 8 May 2007, all the outstanding conditions relating to the
sale of the Rybnik Plaza and Sosnowiec Plaza Shopping and Entertainment centres
in Poland to Klepierre have been fulfilled.  On completion and upon sale, the
combined market value of the Rybnik Plaza and Sosnowiec Plaza properties
totalled €90.1 million, an increase of €18.6 million on the estimated value at
Admission.

Plaza intends to publish its forthcoming interim accounts on August 30, 2007 and
will also report an updated Net Asset Value statement as at June 30, 2007.

Commenting on the handover agreement, Ran Shtarkman, President and CEO of Plaza
Centers N.V., said:

'We are pleased to have formally signed the handover agreements to Klepierre for
Lublin Plaza. The shopping centre is the third that we have completed in Poland
this year, all of which were 100% occupied on opening.

'The successful handover of Lublin Plaza further demonstrates Plaza's track
record of delivering high quality shopping and entertainment destinations in
emerging markets.  We are delighted to have achieved a higher market value than
stated in the Company's Admission Document, providing significant value returns
for our shareholders.'


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/Lauren Mills


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 active 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