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Plaza Centers N.V.
DETAILS OF NEGOTIATIONS ON TWO ASSET DISPOSALS IN POLAND

01-08-2016


POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 31 / 2016
Date of issue: 2016-08-01
Short name of the issuer
PLAZA CENTERS N.V.
Subject
DETAILS OF NEGOTIATIONS ON TWO ASSET DISPOSALS IN POLAND
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
Plaza Centers N.V. _“Plaza" or the “Company"_, a leading emerging markets property developer, wishes to inform the market that it has signed a non-binding Letter of Intent _“LOI"_ with a global investment fund _the “Purchaser"_ regarding the sale of the Torun Plaza and Suwałki Plaza shopping and entertainment centres in Poland _together the “Portfolio"_.

The Portfolio comprises a total of circa 60,000 sqm of Gross Lettable Area, of which Torun Plaza represents approximately 40,000 sqm and Suwalki Plaza approximately 20,000 sqm. The total agreed value of the Portfolio is EUR 121 million, subject to adjustments on the basis of the in place net operating income _the “NOI"_ and future NOI.

The disposal is currently expected to complete by the end of October 2016.

Under the terms of the LOI, the Portfolio will remain under Plaza’s management until 31 December 2017, during which time the Company will continue to implement its asset management plans to further optimise the tenant mix and improve the rental income and the NOI.

At this point in time, there is no certainty that the transaction will be completed. Plaza will update the market on the progress of the transaction as appropriate.

Ends

For further details, please contact:
Plaza

Dori Keren, Acting CEO + 48 22 231 99 00
Eitan Farkas, Financial Director + 36 1 462 7140

FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000Notes to Editors
Plaza Centers N.V. _www.plazacenters.com_ is a leading emerging markets developer of shopping and entertainment centres with operations in Central and Eastern Europe and India. It focuses on constructing new centres and, where there is significant redevelopment potential, redeveloping existing centres in both capital cities and important regional centres. The Company is listed on the Main Board of the London Stock Exchange, the Warsaw Stock Exchange and, as of 27 November 2014, the Tel Aviv Stock Exchange _LSE:"PLAZ"; WSE: “PLZ/PLAZACNTR"; TASE: “PLAZ"_. Plaza Centers N.V. is an indirect subsidiary of Elbit Imaging Ltd. _“EI"_, an Israeli public company whose shares are traded on both the Tel Aviv Stock Exchange in Israel and the NASDAQ Global Market in the United States. It has been active in real estate development in emerging markets for over 20 years.
Annexes
File Description

Nazwa arkusza:


PLAZA CENTERS N.V.
_fullname of the issuer_
PLAZA CENTERS N.V. Budownictwo _bud_
_short name of the issuer_ _sector according to clasification
of the WSE in Warsow_
1016EA Amsterdam
_post code_ _city_
Keizergracht 241
_street_ _number_
_phone number_ _fax_
_e-mail_ _web site_
_NIP_ _REGON_

Nazwa arkusza:


SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2016-08-01 Dori Keren Acting CEO

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