Bird & Bird advises Plaza Centers N.V. on its £514 million flotation

02 November 2006

International law firm Bird & Bird has been advising Dutch based company, Plaza Centers N.V in respect of an offer of its ordinary shares and admission to the Official List and to trading on the London Stock Exchange. The listing, which took place yesterday, has valued Plaza Centers N.V. £514 million.

Plaza Centers N.V. develops shopping and entertainment centers in Central and Eastern Europe and India. Plaza Centers N.V. 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.

A team of Dutch based corporate lawyers has been advising Plaza Centers N.V. on all Dutch law aspects of this listing. Steven van der Waal, civil law notary, Erik Limpens, corporate partner and senior associates Ingrid de Haan (deputy civil law notary) and Lous Vervuurt (banking and securities laws) formed the team.

Commenting on Bird & Bird’s involvement in the deal, partner Steven van der Waal said:

“Bird & Bird has developed a track record of advising companies on IPOs in both regulated and unregulated markets, where the laws, rules and regulations of two jurisdictions have to be complied with. Our team was able to bring valuable experience to this deal. In the past couple of years for example, Bird & Bird has advised the first Dutch, Italian and Swedish companies on their listing on London Stock Exchange's international market, AIM”.

For more information on this please contact Natalie Arestis, PR Manager on 020 7905 6248.


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Notes to Editors

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