PLAZA CENTERS NV (41/2021) UPDATE REGARDING AN ENGAGEMENT LETTER WITH A LAW FIRM IN LONDON IN CONNECTION WITH THE LEGAL PROCEEDINGS IN THE "CASA RADIO" PROJECT

Podstawa prawna: Plaza Centers N.V. ("Plaza" or the "Company") announces today, further to the Company's bondholders meeting dated November 25, 2021 and the Company's bondholders' approval to initiate legal procedures in connection with the "Casa Radio" project (the "Project"); that on January 13, 2022, the Company signed an engagement letter with a law firm in London in order to take any relevant actions in connections with the Project.

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.

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