Plaza Centers N.V. — Capital/Financing Update 2016

Nov 17, 2016

17 November 2016

Plaza Centers N.V (the "Company" or "Plaza")

PROPOSED PAYMENT OF CONSENT FEE TO NOTEHOLDERS

Further to the Company's announcement on 7 November 2016 regarding a proposed amendment to an early prepayment term under the restructuring plan (the "Proposed Amendment"), the Company announces that as part of the approval of the Proposed Amendment by holders of the Company's Series A Notes, Series B Notes and Polish notes (collectively, the "Notes"), and subject to such approval, the Company will pay on 31 March 2018 a one-time consent fee in the amount of Circa €488,000 (which is equal to 0.25% from the Company's outstanding debt under the Notes) (the "Consent Fee"). The Consent Fee shall be paid to the Company's Noteholders on a pro rata basis.

The Company expects to publish the revised deeds of trust for the Series A and Series B Notes to reflect the payment of the Consent Fee, within the next few days.

The Company has today made available on its website a Company presentation for the forthcoming Noteholders meeting. A full copy of the presentation is available to view on Plaza's website at:

http://www.plazacenters.com/index.php?p=company\_presentation

For further details, please contact:

Plaza
Dori Keren, Acting CEO	+48 22 231 99 00
FTI Consulting

Dido Laurimore/ Claire Turvey/ Tom Gough +44 20 3727 1000

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) is an 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 listed on the Main Board of the London Stock Exchange, as of 19 October 2007, on the Warsaw Stock Exchange (LSE:"PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. ("EI"), an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and on the NASDAQ Global Market in the United States. Plaza Centers has been active in real estate development in emerging markets for over 20 years.