UPDATE ON A CHANGE IN ELBIT IMAGING LTD HOLDINGS

January 13, 2021

PLAZA CENTERS N.V.

UPDATE REGARDING A CHANGE IN ELBIT IMAGING LTD HOLDINGS

Further to Plaza Centers N.V. ("Plaza" or the "Company") announcements dated January 11, 2021, and January 12, 2021,regarding the sale of the Company's shares by Elbit imaging Ltd. ("Elbit Imaging"), the Company announces today, that yesterday, January, 12 2021, Elbit imaging sold about 319 thousand shares of the Company, which are held in escrow account, for an average price of NIS 0.61 and for a total consideration of approximately NIS 194 thousand, thus, Elbit Imaging holdings in the Company have diminished from 39.9% to 35.3% 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, as of 19 October 2007, on the Warsaw Stock Exchange (LSE: "PLAZ", WSE: "PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange.