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").

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Disclaimer

Plaza Centers NV published this content on 31 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2024 07:47:04 UTC.