November 19^th, 2025

PLAZA CENTERS N.V.

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

Further to its last announcement dated October 28^th, 2025, Plaza Centers N.V. ("Plaza" or the "Company") announces today that, regarding the ongoing arbitration proceedings before the London Court of International Arbitration (LCIA) initiated by the Ministry of Finance of Romania ("Romania") in relation to the Casa Radio / Dâmbovița Center Project in Bucharest, Romania filed a  further version of its Statement of Claim today.

This further version of the Statement of Claim provides a different formulation of the relief sought by Romania. The alleged losses claimed by Romania, which was reported in Plaza's announcement dated October 28^th, 2025 to be c. EUR 2 billion in total, are no longer presented cumulatively, with particular alleged losses now described as alternatives.

Plaza remains committed to protecting the interests of its shareholders and continues to comply with all applicable disclosure obligations as a listed company and to respect the confidentiality of the arbitral process. At this stage, the Company cannot reliably assess the potential financial impact of the arbitration.

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").