PLAZA CENTERS N.V. - PLAZA SUCCESFULLY COMPLETES DEBT RESTRUCTURING AND EMERGES FROM REORGANISATION PROCEEDINGS

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 21 / 2014

Date of issue: 2014-07-21

Short name of the issuer

PLAZA CENTERS N.V.

Subject

PLAZA SUCCESFULLY COMPLETES DEBT RESTRUCTURING AND EMERGES FROM REORGANISATION PROCEEDINGS

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

Plaza today announces that, following the Dutch Court (‘the Court’) approving the Dutch restructuring plan (the “Plan") on 9 July 2014, it has received confirmation that the decision of the Court has become irrevocable and, as a result, the date of 18 July 2014 is the “Effective Date" as defined in the Plan on which the Plan becomes binding and effective. As a consequence of the confirmation decision becoming final, the suspension of payment proceedings, which commenced on 18 November 2013, has today come to an end and the Company has successfully emerged from the reorganization proceedings. Accordingly, the administrator appointed by the Court to manage the affairs of the Company alongside the existing management is no longer in office and Plaza’s management has resumed full control of the business. All information regarding Plaza’s debt restructuring process is available to view on the Company’s website at www.plazacenters.com. For further details, please contact: Plaza Ran Shtarkman, President and CEO [phone] Roy Linden, CFO [phone] FTI Consulting Stephanie Highett / Nina Legge [phone] Notes to Editors Plaza Centres 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 dual listed on the Main Board of the London Stock Exchange and, as of 19 October 2007, the Warsaw Stock Exchange (LSE:"PLAZ", WSE: “PLZ/PLAZACNTR"). 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 18 years.

Annexes

File Description

2014-07-21 Completion of debt restructuring and reorganisation-Final.pdf

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)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2014-07-21 Ran Shtarkman President and CEO