ELBIT MEDICAL IMAGING LTD. ANNOUNCES - PLAZA CENTERS
COMPLETES SUCCESSFUL HANDOVER OF RYBNIK AND SOSNOWIEC
SHOPPING CENTRES TO KLEPIERRE
Tel-Aviv, Israel, May 8, 2007 , Elbit Medical Imaging Ltd. (TASE, NASDAQ: EMITF) (“ EMI ” or the “
Company ”) announced today that its subsidiary, Plaza Centers N.V. (LSE : PLAZ) (“ Plaza ”), a leading
Central and Eastern European (“ CEE ”) emerging markets property developer, announced today that it has
formally completed the successful handover of the Rybnik Plaza and Sosnowiec Plaza Shopping and
Entertainment centres in Poland to Klepierre SA (“ Klepierre ”), a leading French property group.
Both shopping malls, which were 100% let to international and local tenants on their opening to the public in
March 2007, were pre-sold to Klepierre in July 2005.
Owing to the successful letting campaign and the strong market conditions experienced in Poland since the pre-
sale agreements were signed with Klepierre in July 2005, the actual closing consideration, subject to the fulfilment
of certain conditions, resulted in a higher sum being paid to Plaza. The combined market value of the properties
now totals €90.1 million, an increase of €18.6 million than in the pre-sale agreements were signed with Klepierre
in July 2005.
The gains from selling these assets will be included in the Company’s forthcoming financial results for Q1 2007
and Q2 2007.
Plaza also anticipates benefiting from valuation increase of approximately €7.5 million and €12 million respectively
on the Lublin Plaza Centre (Poland) and the Plzen Plaza Centre (Czech Republic) which have also been pre-sold
to Klepierre. The formal completion of the handover of these two centres is anticipated to take place in Q2 2007
and Q1 2008, for Lublin and Plzen respectively.
Additionally, Plaza is pleased to report that it has also agreed the sale of the Duna Plaza offices in Budapest,
Hungary, to Klepierre for a consideration of €14.2 million, an increase in t