TIDMPLAZ

RNS Number : 5566G

Plaza Centers N.V.

30 March 2022

March 30, 2022

PLAZA CENTERS N.V.

UPDATE REGARDING G.C HEVRON CAPITAL RESTRUCTURING PROPOSAL PLAN

Plaza Centers N.V. (" Plaza " or the " Company ") announces today, further to its previous announcements[1] regarding G.C Hevron Capital Ltd's proposal (" Hevron Capital " and " Hevron Capital's Proposal ", respectively ) and regarding the extension of the "No-Shop" period by an additional 30 days, until November 12, 2021; that Hevron Capital submitted to the Company a request to extend the No-Shop period , due to the complexity and the vast amount of data that needs to be procced in order to evaluate the proposed settlement (" Hevron Capital' Request ").

Following the above, the Company's Board of Directors approves Hevron Capital's to extend the "No-Shop" period until May 20, 2022 subject to the approval of the Company's bondholders' .

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For further details, please contact:

Plaza

   Ran Yaacovs, CFO                                                  972-546-303-006

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is listed on the Main Board of the London Stock Exchange, and, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange("PLAZ").

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[1] Please see the Company's previous announcement dated July 12,2021, August 1,2021, August 10,2021, October 4, 2021, November 12, 2021 and November 22, 2021.

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March 30, 2022 02:00 ET (06:00 GMT)

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