UPDATE ON A CHANGE IN ELBIT IMAGING LTD HOLDINGS

January 13, 2022

PLAZA CENTERS N.V.

UPDATE REGARDING A CHANGE IN ELBIT IMAGING LTD HOLDINGS

Further to Plaza Centers N.V. ("Plaza" or the "Company") announcement dated December 30, 2021 (the "Last Announcement"), regarding the sale of the Company's shares by Elbit imaging Ltd. ("Elbit Imaging"), the Company announces today, that since the Last Announcement and up to date, Elbit imaging sold about 77 thousand shares of the Company, which are held in escrow account, for an average price of NIS 1.95 per share and for a total consideration of approximately NIS 150 thousand, thus, Elbit Imaging holdings in the Company have diminished from 21.68% to 20.55% of the Company's issued and paid-up capital.

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").