Notice of EGM

Plaza Centers N.V.
30 January 2008


30 January 2008

                                 PLAZA CENTERS

                        NOTICE OF EXTRAORDINARY MEETING

Plaza Centers N.V. ('Plaza' or the 'Company'), a leading emerging markets
property developer, is pleased to announce that an Extraordinary General Meeting
of the Company's shareholders ('EGM') will take place on Monday 18 February
2008, at noon local time, at the Park Plaza Victoria Hotel, Damrak 1-5, 1012 LG
Amsterdam, The Netherlands.

At the EGM shareholders will be asked to consider the following resolutions:


1.   To consider the Company's Dutch statutory annual accounts and the annual 
     report for the year ended 31 December 2006.

2.   To adopt the Company's Dutch statutory annual accounts for the year ended 
     31 December 2006.

3.   To discharge the directors of the Company from their liability for the 
     conduct of business for the year ended 31 December 2006.

4.   To resolve that no dividends be distributed in respect of the year ended 
     31 December 2006.

5.   To amend the articles of association of the Company.


Notice of the EGM, together with full details of the Resolutions to be proposed
at the meeting, and forms of directions in English, will be sent today to
Plaza's shareholders and Depositary Interests Holders registered at the
Company's UK registrar (Capita Registrars).



The proposed version of amended Articles of Association (in Dutch and English)
and the final Dutch statutory annual reports for 2006 may be inspected during
normal working hours at the registered office of the Company (Keizersgracht 241,
1016 EA Amsterdam, the Netherlands). Copies of the documents have been submitted
on the Company's website: www.plazacenters.com.



An advertisement regarding the convening of the EGM will also be published in
the English language in two national daily newspapers published in the
Netherlands and the UK, in accordance with clause 20.5 of the Company's Articles
of Association.



A copy of the Company's Notice of EGM has been submitted today to the UK Listing
Authority.


                                    - Ends -


                                            
For further details please contact:

Plaza
Mordechay Zisser, Chairman                           [phone]
Ran Shtarkman, President and CEO                     +36   1 462 7221
Roy Linden, CFO                                      +36   1 462 7105

Financial Dynamics
Stephanie Highett/Laurence Jones                     [phone]


  • 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.



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