Results of Public Offering

Plaza Centers N.V.
13 February 2008

                                   PLAZA CENTERS N.V.
                              ('Plaza' or the 'Company')

PLAZA CENTERS N.V. ANNOUNCES THE RESULTS OF A PUBLIC OFFERING OF NOTES IN ISRAEL

February 13, 2008 - Plaza Centers N.V. ('Plaza' or the 'Company'), a leading
emerging markets property developer, announces that yesterday it completed a
successful public offering in Israel of Series B Notes of Plaza pursuant to
Plaza's prospectus dated February 3, 2008 and the complementary notice dated
February 11, 2008 which constitute part of the prospectus (collectively, the
'Prospectus').

In the Prospectus, Plaza offered to the public Series B Notes ('Series B Units')
(each Series B Unit consists of NIS 1,000 par value Series B Notes).  The
offering was conducted in a tender. Series B Units were offered by a tender on
the annual interest rate borne by Series B Notes which could not have exceeded
5.4%.

In the context of the offering of Series B Notes, Plaza has received 626 orders
for the purchase of 713,538 Series B Units out of which 79,538 Series B Units
were received from the public and 634,000 Series B Units were received from
classified investors. The annual interest rate was set to 5.4% (the 'Determined
Interest Rate').  Accordingly, Plaza will issue 713,538 Series B Note Units as
follows:

(i)                     97 orders received from classified investors for the
purchase of 634,000 Series B Units were accepted in full.

(ii)                   529 orders received from the public for the purchase of
79,538 Series B Units in which the proposed interest rate was equal or below the
Determined Interest Rate were accepted in full.

The interest rate to be borne by the Series B Notes with respect to the period
commencing on February 13, 2008 (the expected date of clearance) and ending on
June 30, 2008 (inclusive) will be 2.056%.

The immediate gross proceeds to Plaza from the offering of Series B Note Units
totaled approximately NIS 713.5 million (approximately €137 million).

The issue of the Series B Units is expected to be completed today. The Series B
Notes, as discussed above, are expected to be listed for trade on the Tel Aviv
Stock Exchange (the 'TASE') on February 14, 2008.

The offering of the Series B Notes was made to persons in Israel only.

In addition, Plaza announces that the Listing of the Series A Notes of Plaza on
the TASE, pursuant to Plaza's prospectus dated February 3, 2008, was completed
on February 11, 2008.

Commenting on the successful public offering, Ran Shtarkman, President and CEO
of Plaza Centers N.V., said:

'Plaza has once again shown its ability to raise finance through the issuance of
highly rated bonds with favorable interest rates. We are very pleased to have
yet again secured the support of Bond investors and the funds we have raised
will provide us with substantial additional financial flexibility and firepower
to continue the development of high quality shopping and entertainment centres
throughout the emerging markets in which we operate.'

About Plaza Centers N.V.

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.

For further details, please contact:

Plaza Centers
Mordechay Zisser, Chairman                                      [phone]
Ran Shtarkman, President and CEO                                [phone]
Roy Linden, CFO                                                 [phone]

Financial Dynamics                                              [phone]
Stephanie Highett / Laurence Jones




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