PROPOSAL RECIEVED FROM G.C HEVRON CAPITAL LTD.

August 10, 2021

PLAZA CENTERS N.V.

UPDATE REGARDING G.C HEVRON CAPITAL PROPOSAL

Plaza Centers N.V. ("Plaza" or the "Company") announces today, further to its previous announcements dated July 9, 2021 and July 12, 2021, July 14, 2021 and August 1, 2021, regarding G.C Hevron Capital Ltd's proposal ("Hevron Capital" and "Hevron Capital's Proposal", respectively) and its announcement dated July 27, 2021 regarding L.I.A Pure Capital Ltd's proposal ("L.I.A's Proposal") and its announcement dated July 30, 2021 regarding Zero One Capital Ltd's proposal ("Zero One's Proposal'); that the Company received a revised proposal from Hevron Capital ("Hevron Capital Revised Proposal").

Hevron Capital Revised Proposal is attached as an appendix to this announcement. 

http://www.rns-pdf.londonstockexchange.com/rns/1426I_1-2021-8-10.pdf

It shall be clarified that a bondholders meeting was summoned for August 11, 2021 in order to approve to the Company's Board of Directors to conduct a negotiation regarding the sale of the Company's public structure, and to approve one of the proposals mentioned above. For additional details, see the proxy card attached to the bondholders meeting' summons dated August 10, 2021.

Ends

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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