Opening of Sosnowiec Plaza

Plaza Centers N.V.
29 March 2007



29 March 2007



                 PLAZA CENTERS OPENS SOSNOWIEC PLAZA IN POLAND





Plaza Centers N.V. ('Plaza' or the 'Company'), a leading Central and Eastern
European emerging markets property developer, today announces that it has
completed and opened to the public the Sosnowiec Plaza Shopping and
Entertainment centre in the city of Sosnowiec, Poland.



The Sosnowiec Plaza is located 300 metres from the city centre of Sosnowiec and
comprises 13,000 sqm of Gross Lettable Area with 400 parking spaces attached.
The development was 100% occupied by international and local tenants on its
opening.



As described in the Company's Admission Document, the property was pre-sold to
Klepierre, the French property group, and the formal handover and final
completion of the transaction are expected to take place within the next few
weeks.



On completion of the transaction, a further announcement will be made to
shareholders.



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



'The opening of Sosnowiec Plaza is a further demonstration of Plaza's leading
position in the CEE region providing international and local brand name tenants
with high quality shopping and entertainment centres in excellent locations. It
is our sixth successfully completed development in Poland following the recent
opening of Rybnik Plaza and we look forward to concluding the transaction with
Klepierre in the next few weeks.'





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 7134


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



Notes to Editors

Plaza Centers N.V. 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.


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