Notice of AGM

Plaza Centers N.V.
02 May 2008

                                                                      2 May 2008

                    PLAZA CENTERS ('PLAZA' OR THE 'COMPANY')

                        NOTICE OF ANNUAL GENERAL MEETING



Plaza Centers N.V. ('Plaza' or the 'Company'), a leading emerging markets
property developer, is pleased to announce that the Annual General Meeting of
the Company's shareholders ('AGM') will take place on Tuesday, 27 May 2008 at
1300 (CET), at the Park Plaza Victoria Hotel Amsterdam, Damrak 1-5, 1012, LG
Amsterdam, The Netherlands.



The Notice of Meeting, including proxy voting cards in English (the 'AGM
Documents') will be sent today to Plaza's shareholders and Depositary Interests
Holders registered at the Company's UK registrar (Capita Registrars).



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



Documents made available by the Company for the purpose of this 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 also been submitted on the Company's website: http://www.plazacenters.com/
general_meeting_shareholders.html



Copies of the Company's Notice of Annual General Meeting, together with the 2007
Annual Report and Accounts, have 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]



  Notes to Editors



•         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 12 years.






                      This information is provided by RNS
            The company news service from the London Stock Exchange