VALUATION OF PLOT LOCATED IN CHENNAI, INDIA

November 29, 2019

PLAZA CENTERS N.V.

VALUATION OF PLOT LOCATED IN CHENNAI, INDIA

Plaza Centers N.V. ("Plaza" or the "Company") announced today, that following the publication of Elbit Imaging Ltd. Interim consolidated financial statements as of September 30, 2019 dated November 27, 2019 which includes the current valuation of the plot located in Chennai, India (the "Valuation"), the Company posted the Valuation on its website at:

http://www.plazacenters.com/index.php?p=financial_reports_2019

Ends

For further details, please contact:

Plaza

Avi Hakhamov, Executive Director +36 1 6104523

Notes to Editors

Plaza Centers N.V. (www.plazacenters.com) 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 has been active in real estate development in emerging markets for over 23 years.