March 29, 2024

PLAZA CENTERS N.V.

UPDATE REGARDING ARBITRATION AGAINST ROMANIA WITH RESPECT TO THE "CASA RADIO" PROJECT

Further to its announcement dated June 12, 2023, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, it has received a further engagement letter ("Further Engagement Letter"), from the Company's primary legal advisers in connection with the arbitration for the "Casa Radio" project (the "Project"). The Further Engagement Letter is in line with Company's projected cash flow that was approved at Bondholders' Meeting from October 11, 2023.

Ends

For further details, please contact:

Plaza

Ron Hadassi, Executive Director;                                                    972-526-076-236

Notes to Editors

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