Re Opening of Centre

Plaza Centers N.V.
19 March 2007



19 March 2007


                   PLAZA CENTERS OPENS RYBNIK PLAZA IN POLAND


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


The Rybnik Plaza is located in Rybnik's city centre and comprises 18,000 sqm of
Gross Lettable Area with 470 parking spaces attached. The development is the
first shopping and entertainment centre in Rybnik and was 100% let to local and
international 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:


'I am delighted to confirm the successful opening of our major development in
Rybnik, on time and on budget. This Shopping and Entertainment centre is the
22nd we have developed and completed in Central and Eastern Europe ('CEE'), and
the fifth in Poland, following the opening of the Sadyba Mall in Warsaw and the
Plaza Shopping centres in Krakow, Ruda Slanska and Poznan. By the end of 2007,
we will open two further centres in Sosnowiec and Lublin in Poland and the Arena
Shopping and Entertainment centre in Budapest, Hungary which will become one of
the largest shopping centres in the CEE region.


'We remain committed to our objective to further enrich and diversify Plaza's
portfolio through the development of additional high quality Shopping and
Entertainment developments throughout the CEE region and in other emerging
markets.'


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.


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