Stabilisation Notice

Plaza Centers N.V.
27 October 2006

27 October 2006


Stabilisation Notice: Plaza Centers N.V. (the 'Company')


In connection with the offer of the following ordinary shares (the 'Offer'):

Plaza Centers N.V. ordinary shares of nominal value €0.01 each (the 'Ordinary
Shares')

ISIN Code: NL 0000686772


UBS Limited ('UBS') as stabilisation manager, or any other person acting for it,
may conduct stabilising activities with a view to supporting the market price of
the Ordinary Shares at a level higher than that which might otherwise prevail
from 8:00a.m. on 27 October 2006 to 24 November 2006. However, there may be no
obligation on UBS, or any agent of UBS, to do this. Such stabilisation
transactions may be effected on the London Stock Exchange and any other
securities market, over the counter market, stock exchange or otherwise. Such
stabilisation transactions, if commenced, may be discontinued at any time and
must be brought to an end no later than 24 November 2006. There are no
associated instruments that are subject to stabilisation.

In connection with its stabilising activities the Company has granted UBS, on
behalf of the underwriters, an over-allotment option (the 'Over-allotment 
Option'), exercisable on or before 24 November 2006 which, if exercised will
require the Company to issue to UBS up to 10 per cent. of the aggregate number
of Ordinary Shares available in the Offer (before any exercise of the Over-
allotment Option) at the offer price of 180 pence to such over-allotments (if
any) and/or cover short positions arising from sales of Ordinary Shares effected
by it during the stabilising period.

UBS has agreed with the Company that any over-allotment of Ordinary Shares by it
or any of its agents will be up to a maximum of 10 per cent. of the total number
of Ordinary Shares comprised in the Offer (before any exercise of the
Over-allotment Option).


Number of Ordinary Shares in the Offer:  85,714,286

Number of Ordinary Shares subject to the Over-allotment Option: 8,571,428


The Offer Price of Plaza Centers N.V. Ordinary Shares of nominal value €0.01
each was set at 180 pence on 26 October 2006.


UBS contacts:

Trevor Franz            [phone]


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 Plaza Centers N.V. in any jurisdiction.


In addition, if and to the extent that this announcement is communicated in, or
the offer of the securities to which it relates is made in, any EEA Member State
that has implemented Directive 2003/71/EC (together with any applicable
implementing measures in any Member State, the 'Prospectus Directive') before
the publication of a prospectus in relation to the securities which has been
approved by the competent authority in that Member State in accordance with the
Prospectus Directive (or which has been approved by a competent authority in
another Member State and notified to the competent authority in that Member
State in accordance with the Prospectus Directive), this announcement and the
Offer are only addressed to and directed at persons in that Member State who are
'qualified investors' within the meaning of the Prospectus Directive (or who are
other persons to whom the offer may lawfully be addressed) and must not be acted
on or relied on by other persons in that Member State.


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
of America. 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 of America.


Defined terms used in this announcement have the same meaning as in the
Company's Prospectus to be published in due course unless the context requires
otherwise.


END
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