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Plaza Centers N.V.
CLOSING OF DEBT REPAYMENT AGREEMENT WITH FINANCING BANK AND SALE OF ZGORZELEC PLAZA SHOPPING CENTER IN POLAND

14-09-2016


POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 35 / 2016
Date of issue: 2016-09-14
Short name of the issuer
PLAZA CENTERS N.V.
Subject
CLOSING OF DEBT REPAYMENT AGREEMENT WITH FINANCING BANK AND SALE OF ZGORZELEC PLAZA SHOPPING CENTER 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, announces that, further to its announcement on 30 June 2016 regarding a Debt Repayment Agreement _“DRA"_ with the financing bank _the “Bank"_ of Zgorzelec Plaza Shopping Center in Poland, it has completed the sale of the shares in Zgorzelec Plaza.

A Share Purchase Agreement has been signed with an Appointed Shareholder nominated by the Bank, after which the remainder of the DRA process was completed, including delivery of the Release Letters to the Company, and removing a mortgage over the asset of the Company in Leszno, Poland _valued at €0.8 million_, as described in the announcement on 30 June 2016.

As previously stated, Plaza expects to recognise an accounting profit of circa €10 million, stemming from the release of €23.0 million of the outstanding _and partially recourse_ loan _including accrued interest thereof_, against an outstanding asset valued at €12 million as of 30 June 2016. 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 1000

Notes to Editors
Plaza Centers N.V. _www.plazacenters.com_ is a leading property developer and investor with a significant presence across Central and Eastern Europe and operations in India. It focuses on constructing new shopping and entertainment centres and, where there is significant 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. _“EIL"_, 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
2016-09-14 Dori Keren Acting CEO

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