Stabilisation/Greenshoe

Plaza Centers N.V.
24 November 2006


24 November 2006


Announcement of Exercise of Over-allotment option and end of Stabilisation:

Plaza Centers N.V. ('Plaza Centers' or the 'Company')


In connection with the Offer in relation to the following Ordinary Shares 
('the Offer'):


Plaza Centers Ordinary Shares of €0.01 each (the 'Ordinary Shares')

ISIN Code: NL 0000686772


Plaza Centers announces that, in connection with the Offer of 85,714,286
Ordinary Shares by Plaza Centers, UBS Limited, as stabilising manager, has today
given notice to exercise the Over-allotment Option in respect of 6,631,801
Ordinary Shares in Plaza Centers. All of the net proceeds arising from the
exercise of the Over-allotment Option will be received by Plaza Centers.

Including the exercise of the Over-allotment Option, the total gross proceeds of
the Offer are £166,222,956.60 (92,346,087 Ordinary Shares). The Offer Price of
Plaza Centers' Ordinary Shares of €0.01 each was set at 180 pence on 27 October
2006.


Subsequent to the earlier stabilisation notice published on 27 October 2006 in
connection with the Offer of 85,714,286 Ordinary Shares by Plaza Centers, UBS
Limited as stabilisation manager hereby announces that the stabilisation period
has now ended.

Stabilisation trades were executed during the stabilisation period by UBS
Limited on the following dates and terms:


            Trade Date                       Highest Price Paid                   Lowest Price Paid

            27/10/2006                              180p                                 180p


This announcement may not be distributed, directly or indirectly, in or into the
United States of America, Canada, Australia, Japan, Republic of Ireland, the
State of Israel or the Republic of South Africa.


This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of the Issuer in any jurisdiction.


The Offer and the distribution of this announcement and other information in
connection with the Offer in certain jurisdictions may be restricted by law and
persons into whose possession any document or other information referred to
herein comes should inform themselves about and observe any such restriction.
Any failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.


This announcement is not an offer of securities for sale into the United States.
The securities have not been, and will not be, registered under the U.S.
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an exemption from registration.  There will be no public
offer of securities in the United States.

Stabilisation/FSA



END


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